SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 13, 2002
KOPIN CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-19882 04-2833935
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
695 Myles Standish Blvd., Taunton, MA 02780-1042
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (508) 824-6696
ITEM 9. REGULATION FD DISCLOSURE.
Kopin Corporation reported during its conference call for investors
yesterday, February 13, 2003, that its research and development expenses in the
first quarter of 2003 are expected to be slightly lower than the research and
development expenses for the fourth quarter of 2002 and that its selling,
general and administration expenses are expected to be approximately 12% to 17%
of its revenue in the first quarter of 2003. Kopin anticipates that its
selling, general and administration expenses for the first quarter of 2003 will
be approximately $2.5 million to $2.7 million. Kopin also disclosed that its
capital expenditures are expected to be approximately $7 million to $10 million
for the full year 2003.
In addition, Kopin disclosed that for the full year 2002 (i) sales to
Skyworks Solutions, Inc. comprised 26% of its revenue, (ii) sales to Matsushita
Electrical Industrial Co. Ltd. (Panasonic) comprised 13% of its revenue, (iii)
sales to Victor Company of Japan Ltd. comprised 15% of its revenue and (iv)
sales to Samsung Electronics comprised 25% of its revenue.
STATEMENTS IN THIS NEWS RELEASE ABOUT KOPIN CORPORATION'S ANTICIPATED
ANNUAL AND FIRST-QUARTER 2003 FINANCIAL RESULTS, THE POTENTIAL SUCCESS OF NEW
PRODUCTS AND OTHER RESEARCH AND DEVELOPMENT EFFORTS AND CERTAIN OTHER
STATEMENTS MAY BE CONSIDERED "FORWARD-LOOKING" STATEMENTS UNDER THE "SAFE
HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
THESE STATEMENTS INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES THAT COULD
MATERIALLY AFFECT FUTURE RESULTS. AMONG THESE RISK FACTORS ARE GENERAL ECONOMIC
AND BUSINESS CONDITIONS AND GROWTH IN THE FLAT PANEL DISPLAY, LED AND GALLIUM
ARSENIDE INTEGRATED CIRCUIT AND MATERIALS INDUSTRIES, THE IMPACT OF COMPETITIVE
PRODUCTS AND PRICING, AVAILABILITY OF THIRD-PARTY COMPONENTS, THE SUCCESSFUL
VOLUME PRODUCTION OF THE CYBERLITE, THE QUALIFICATION OF OUR CYBERLITE
MANUFACTURING PROCESS BY POTENTIAL CUSTOMERS, AVAILABILITY OF INTEGRATED
CIRCUIT FABRICATION FACILITIES, COST AND YIELDS ASSOCIATED WITH PRODUCTION OF
THE COMPANY'S CYBERDISPLAY IMAGING DEVICES, CYBERLITE LEDS AND HBT TRANSISTOR
WAFERS, LOSS OF SIGNIFICANT CUSTOMERS, ACCEPTANCE OF THE COMPANY'S PRODUCTS,
SUCCESS OF NEW PRODUCT AND OTHER RESEARCH AND DEVELOPMENT EFFORTS, CONTINUATION
OF STRATEGIC RELATIONSHIPS, PERFORMANCE OF SKYWORKS SOLUTIONS UNDER OUR
AGREEMENT, THE VALUE OF SHARES OF MICREL SEMICONDUCTOR HELD BY THE COMPANY, OUR
ABILITY TO ACCURATELY FORECAST REVENUE LEVELS, AND OTHER RISK FACTORS AND
CAUTIONARY STATEMENTS LISTED FROM TIME TO TIME IN THE COMPANY'S PERIODIC
REPORTS AND REGISTRATION STATEMENTS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION INCLUDING, BUT NOT LIMITED TO, THE COMPANY'S ANNUAL REPORT ON FORM
10-K FOR THE YEAR ENDED DECEMBER 31, 2001 AND FORM 10-Q FOR THE QUARTERLY
PERIOD ENDED SEPTEMBER 28, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KOPIN CORPORATION
Dated: February 14, 2003 By: /s/ Richard A. Sneider
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Richard A. Sneider
Treasurer and Chief Financial Officer
(Principal Financial and Accounting Officer)