高平电子 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 0-19882 KOPIN CORPORATION (Exact name of registrant as specified in its charter) 04-2833935(I.R.S. EmployerIdentification No.) Registrant’s telephone number, including area code: (508) 870-5959 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.01KOPNNasdaq Capital Market Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Outstanding as of May 12, 2026182,920,310 ClassCommon Stock, par value $0.01 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes☐No☒ Kopin CorporationINDEXPageNo.Part I – Financial InformationItem 1.Condensed Consolidated Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets at March 28, 2026 (Unaudited) and December 27, 20253Condensed Consolidated Statements of Operations (Unaudited) for the three months ended March 28, 2026 and March29, 20254Condensed Consolidated Statements of Comprehensive Loss (Unaudited) for the three months ended March 28, 2026and March 29, 20255Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Unaudited)for the three months ended March 28, 2026 and March 29, 20256Condensed Consolidated Statements of Cash Flows (Unaudited) for the three months ended March 28, 2026 and March29, 20257Notes to Unaudited Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33Part II – Other Information35Item 1.Legal Proceedings35Item 1A.Risk Factors36Item 2.Unregistered Sales of Equity Securities and Use of Proceeds36Item 5.Other Information36Item 6.Exhibits36Signatures372 KOPIN CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS KOPIN CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) KOPIN CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(Unaudited) KOPIN CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK ANDSTOCKHOLDERS’ EQUITY(UNAUDITED) KOPIN CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) KOPIN CORPORATION NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Kopin Corporation is a leading developer and provider of innovative display, and application-specific optical solutions sold as criticalcomponentsand subassemblies for defense,enterprise,medical,professional and consumer products.Kopin’s portfolio includesmicrodisplays, display modules, eyepiece assemblies, image projection modules, and vehicle mounted and head-mounted display systemsthat incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (“AMLCD”), Ferroelectric Liquid Crystal on Silicon(“FLCoS”) displays, MicroLED displays (“μLED”) and Organic Light Emitting Diode (“OLED”) displays, a variety of optics, and low-power ASICs. 1. BASIS OF PRESENTATION The condensed consolidated financial statements of Kopin Corporation as of March 28, 2026 and for the three month periods endedMarch 28, 2026 and March 29, 2025 are unaudited and include