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Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 29, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited)
The following tables present Kopin’s quarterly operating results for the fiscal years ended December 29, 2018 and December 30, 2017. The information for each of these quarters is unaudited and has been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have been included to present fairly the unaudited consolidated quarterly results when read in conjunction with Kopin’s audited consolidated financial statements and related notes. These operating results are not necessarily indicative of the results of any future period.
Quarterly Periods During Fiscal Year Ended December 29, 2018: 
(in thousands, except per share data)
Three months
ended
March 31, 2018 (3)
 
Three months
ended
June 30, 2018
 
Three months
ended
September 29, 2018
 
Three months
ended
December 29, 2018
Total revenue
$
5,654

 
$
5,944

 
$
5,126

 
$
7,741

Gross profit (2)
983

 
974

 
(16
)
 
1,439

Loss from operations
(9,792
)
 
(8,992
)
 
(10,299
)
 
(10,884
)
Net loss attributable to the controlling interest
(5,536
)
 
(9,241
)
 
(9,791
)
 
(11,302
)
Net loss per share (1):
 
 
 
 
 
 
 
Basic and diluted
$
(0.08
)
 
$
(0.13
)
 
$
(0.13
)
 
$
(0.15
)
Weighted average number of common shares outstanding:
 
 
 
 
 
 
 
Basic and diluted
73,078

 
73,095

 
73,135

 
73,317

(1)
Net loss per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.
(2)
Gross profit is defined as net product revenues less cost of product revenues.
(3)
Includes $2.9 million impact on net gain attributable to Kopin Corporation relating to the gain on an equity investment for the three month period ended March 31, 2018.
 
Quarterly Periods During Fiscal Year Ended December 30, 2017:
(in thousands, except per share data)
Three months
ended
April 1, 2017
 
Three months
ended
July 1, 2017
 
Three months
ended
September 30, 2017
 
Three months
ended
December 30,
2017 (3)
Total revenue
$
4,378

 
$
5,927

 
$
6,139

 
$
11,397

Gross profit (2)
816

 
862

 
1,444

 
3,654

Loss from operations
(8,663
)
 
(8,068
)
 
(8,605
)
 
(4,962
)
Net loss attributable to the controlling interest
(7,858
)
 
(7,332
)
 
(8,247
)
 
(1,803
)
Net loss per share (1):
 
 
 
 
 
 
 
Basic and diluted
$
(0.12
)
 
$
(0.10
)
 
$
(0.11
)
 
$
(0.02
)
Weighted average number of common shares outstanding:
 
 
 
 
 
 
 
Basic and diluted
64,539

 
70,627

 
72,188

 
72,349


(1)
Net loss per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.
(2)
Gross profit is defined as net product revenues less cost of product revenues.
(3)
Includes $1.7 million impact on net gain attributable to Kopin Corporation relating to the gain on a warrant for the three month period ended December 30, 2017.