Kopin Corporation. (NASDAQ:KOPN) Q3 2023 Earnings Conference Call November 9, 2023 6:00 PM ET

Company Participants

Michael Murray - CEO

Rich Sneider - CFO

Conference Call Participants

Glenn Mattson - Ladenburg

Kevin Dede – H. C. Wainwright

Operator

Good afternoon, everyone, and welcome to the Kopin Corporation Third Quarter 2023 Earnings Call. Please note that this event is being recorded.

All lines have been placed on mute to prevent any background noise. And after the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions] I'd like to turn the conference call over to Quinn Callahan [ph], Investor Relations for Kopin. Please go ahead.

Unidentified Company Representative

Thank you. Good afternoon, everyone. Before we get started, I'd like to remind everyone that during today’s call taking place on Thursday, November 9, 2023, we will 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 of 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. Although the company believes that the assumptions underlying these statements are reasonable, any of them can be proven inaccurate and there could be no assurances that the results will be realized.

The company undertakes no obligation to update the forward-looking statements made during today's call. In addition, references may be made to certain non-Generally Accepted Accounting Principles or non-GAAP measures for which you should refer to the appropriate disclaimers and reconciliation in the company's SEC filings and press releases.

Kopin Corporation's Chief Executive Officer, Michael Murray will begin today's call with an overview of Kopin's progress within the company's strategy. Following Michael, Kopin's CFO, Rich Sneider will review the company's third quarter results.

I would now like to turn the conference call over to Michael Murray.

Michael Murray

Thank you, Quinn. Good afternoon to everyone and welcome to our third quarter earnings call. I want to start with a brief explanation for rescheduling our call. A technical accounting issue was raised on revenue recognition of a development contract that required additional research to ensure proper accounting and was resolved earlier today.