News

Kopin posts loss of $7 million in 4th quarter

WESTBOROUGH, Mass. (AP) _ Kopin Corp. (KOPN) on Thursday reported a loss of $7 million in its fourth quarter.

On a per-share basis, the Westborough, Massachusetts-based company said it had a loss of 11 cents.

The maker of wearable technologies posted revenue of $4.6 million in the period.

For the year, the company reported that its loss narrowed to $14.7 million, or 23 cents per share. Revenue was reported as $32.1 million.

In the final minutes of trading on Thursday, the company’s shares hit $2.01. A year ago, they were trading at $4.22.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KOPN at http://www.zacks.com/ap/KOPN

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Keywords: Kopin, Earnings Report