Call Start: 08:30 January 1, 0000 8:39 AM ET
Kopin Corporation (NASDAQ:KOPN)
Q1 2022 Earnings Conference Call
May 3, 2022, 8:30 AM ET
Company Participants
John Fan – Chief Executive Officer
Richard Sneider – Treasurer and Chief Financial Officer
Conference Call Participants
Glenn Mattson – Ladenburg Thalmann
Kevin Dede – H.C. Wainwright & Co.
Operator
Ladies and gentlemen, please standby. We're about to begin. Good day and welcome to Kopin's first-quarter 2022 earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Richard Sneider, Chief Financial Officer. Please go ahead, sir.
Richard Sneider
Thank you, Operator. Welcome, everyone. And thank you for joining us this morning. John will begin today's call with a discussion of our progress in executing our strategy. And then I will go through the first quarter of 2022 results at a high level. John will conclude our prepared remarks, and then we'll be happy to take your questions. I'd like to remind everyone that during todays call taking place on Tuesday, May 3rd, 2022, we'll be making forward-looking statements as defined in the Private securities Litigation Reform Act of 1995. These statements are based on the company's current expectations projections, beliefs, and estimates, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those forward-looking statements.
Potential risks include, but are not limited to, demand for our products, operating results for our subsidiaries, market conditions, and other factors discussed in our most recent annual report on Form 10-K and other documents filed with the securities and Exchange Commission. The company undertakes no obligation to update the forward-looking statements made during today's call. And with that, I will turn the call over to John.
John Fan
Thank you, Richard. Good morning. And thank you all for joining us to discuss our first quarter results of 2022. I am speaking from Hong Kong this evening, which is 12 hours ahead of Boston time. And hopefully, my home connection is good. I must say, I'm very happy to be able to travel again and to meet with customers, which is so important in developing our business. On my way home, I will be streamed by the 2022society of Information Displays Ossid Trade Show, which is taking place in early May in San Jose. Turning to that form of business, we are pleased with the results of the first quarter of 2022. Overall, year-over-year revenue was flat as our product sales were lowered. They were offset by our strong funded research and development revenues.