KOPIN CORP Segments Disclosure
15. Segments and Disaggregation of Revenue
Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its President and Chief Executive Officer. The Company has determined that it operates in one operating segment and one reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance.
The CODM assesses performance and decides how to allocate resources and make operating decisions based on revenues, loss from operations, and net loss that are reported on the Consolidated Statements of Operations. These metrics are also used to monitor budget versus actual results. The measure of segment assets is reported on the Consolidated Balance Sheets as total assets. Significant segment expenses are included in the accompanying Consolidated Financial Statements. See the Consolidated Statements of Operations for the fiscal years ended 2025 and 2024.
Total long-lived assets by country at December 27, 2025 and December 28, 2024 were:
| Total Long-lived Assets (in thousands) | 2025 | 2024 | ||||||
| U.S. | $ | 4,105 | $ | 4,153 | ||||
| United Kingdom | 82 | |||||||
| Total | $ | 4,105 | $ | 4,235 | ||||
The Company disaggregates its revenue from contracts with customers by geographic location and by display application based on shipments, as the Company believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors.
Total revenue by geographical area for the fiscal years ended December 27, 2025 and December 28, 2024:
| 2025 | 2024 | |||||||||||||||
| (In thousands, except percentages) | Revenue | % of Total | Revenue | % of Total | ||||||||||||
| U.S. | $ | 37,147 | 94 | % | $ | 47,559 | 94 | % | ||||||||
| Other Americas | 62 | % | 5 | % | ||||||||||||
| Total Americas | 37,209 | 94 | % | 47,564 | 94 | % | ||||||||||
| Asia-Pacific | 1,154 | 3 | % | 1,989 | 4 | % | ||||||||||
| Europe | 961 | 3 | % | 782 | 2 | % | ||||||||||
| Total Revenues | $ | 39,324 | 100 | % | $ | 50,335 | 100 | % | ||||||||
Total revenue by display application for the fiscal years ended December 27, 2025 and December 28, 2024 was as follows:
| (In thousands) | 2025 | 2024 | ||||||
| Defense | $ | 29,361 | $ | 41,249 | ||||
| Industrial | 3,025 | 2,200 | ||||||
| Consumer | 9 | 24 | ||||||
| Medical | 594 | 103 | ||||||
| Other product | 78 | |||||||
| Net product revenues | 33,067 | 43,576 |
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| R&D | 4,590 | 5,997 | ||||||
| License and royalties | 410 | 762 |
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| ASC 606 revenues | 38,067 | 50,335 |
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| Grant | 858 | |||||||
| Collaboration | 399 | |||||||
Non ASC 606 revenues | 1,257 | |||||||
| Total Revenues | $ | 39,324 | $ | 50,335 | ||||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 13, 2026 | Showing above |
| 2024 | Apr 17, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 14, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 5, 2021 | |
| 2019 | Mar 11, 2020 | |
| 2018 | Mar 14, 2019 | |
| 2017 | Mar 23, 2018 | |
| 2016 | Mar 23, 2017 | |
| 2015 | Mar 4, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.