HIGHBuilt-in & outside partyCustomer
74%
defense sales
“10-K Item 1: 'In fiscal year 2025, defense sales (excluding R&D contracts) accounted for 74% of total revenue, down from 82% in 2024'”
KOPN · Concentration risk · 10-K extracted
Kopin (KOPN) concentration risks
Updated
The most significant concentration Kopin discloses is defense sales at 74%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kopin’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
Taiwanese foundry
“10-K Item 1A: 'We depend principally on a Taiwanese foundry for the fabrication of integrated circuits for our AMLCD defense display products.'”
MEDIUMOutside partyCustomer
Collins Aerospace and DRS Network & Imaging Systems
“10-K Item 1: 'Our primary market is defense, with significant customers including Collins Aerospace and DRS Network & Imaging Systems LLC.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Kopin's revenue base is heavily tied to a single end market: defense sales (excluding R&D contracts) accounted for 74% of total revenue in fiscal 2025, down from 82% in 2024 — a high-share exposure that, notably, is declining. Its character is mixed, reflecting both a structural reliance on one customer base and program-level dependency dynamics within that base. Compounding this is a manufacturing dependency: Kopin relies principally on a Taiwanese foundry to fabricate integrated circuits used in its AMLCD defense display products, also a high-share exposure — meaning both the demand side and the supply side of the defense business are concentrated. A medium-share customer dependency rounds out the picture: Collins Aerospace and DRS Network & Imaging Systems LLC are named as significant customers within that same defense market. Because the foundry dependency and the defense-revenue concentration reinforce rather than offset each other, a disruption to either the supply relationship or the broader defense channel would carry wide reach across the business, even as the defense revenue share itself has been shrinking.
For the engine’s reasoning on KOPN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APH | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| KOPN● | Kopin Corporation | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| ALNT | Allient Inc. | 1 | 1 | 0 | 2 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.