UNITED STATES 
 SECURITIES AND EXCHANGE COMMISSION 
 WASHINGTON, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) May 8, 2018 
KOPIN CORPORATION 
 (Exact Name of Registrant as Specified in Charter)

DELAWARE	000-19882	04-2833935	
(State or Other Jurisdiction
of Incorporation)	(Commission
 File Number)	(IRS Employer
Identification No.)	

125 North Drive, Westborough, MA 01581	
(Address of Principal Executive Offices)   (Zip Code)	
Registrant’s telephone number, including area code     (508) 870-5959
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company   ⃞
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ⃞

Item 2.02.   Results of Operations and Financial Condition .
          Kopin Corporation issued a press release on May 8, 2018, a copy of which is attached as Exhibit 99.1 to this report and incorporated herein by this reference, in which the Company announced financial results for the first quarter ended March 31, 2018. This information in this Item 2.02 (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.   Financial Statements and Exhibits .
(d)        Exhibits .

99.1	 	Press Release dated May 8, 2018, entitled, “KOPIN PROVIDES BUSINESS UPDATE AND FIRST
QUARTER 2018 OPERATING RESULTS”.	

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:	May 8, 2018	By:	/s/ Richard A. Sneider	
			Richard A. Sneider	
			Treasurer and Chief Financial Officer	
			(Principal Financial and Accounting Officer)	

EXHIBIT INDEX

Exhibit	 	Description	
 		 	
99.1		Press Release dated May 8, 2018, entitled, “KOPIN PROVIDES BUSINESS UPDATE AND FIRST 
QUARTER 2018 OPERATING RESULTS”

Exhibit 99.1
Kopin Provides Business Update and First Quarter 2018 Operating Results

·	First Quarter Revenues Increase 28%, Driven by Military Sales
·	Major New Design-in Win With a Global Tier One Company for an Enterprise Headset
·	New Generation AR Glass SOLOS to Start Shipping on May 9, 2018
·	On Track for Full Year 2018 Revenue Guidance Of $35-$40 Million
·	Company Adopts ASC 606 Revenue Recognition Standard
WESTBOROUGH, Mass.--(BUSINESS WIRE)--May 8, 2018--Kopin Corporation (NASDAQ: KOPN), a leading developer of innovative wearable computing technologies and solutions, today provided an update on its business initiatives and reported financial results for the first quarter of 2018, ended March 31, 2018.
“Our results were again driven by our military business, in particular the continued ramp of the F-35 fighter jet program, where Kopin is the sole supplier of displays for the pilot helmets. In addition to our current purchase agreement, we have been notified that we should soon receive follow-on orders for revenues through 2019,” said Dr. John C.C. Fan, CEO of Kopin. “After quarter-end we received initial production authorization for the procurement of long-lead materials for the FWS-I program, which support the production of 5,000 eyepieces, with shipments beginning in August. The FWS-C program continues in early development, and we are now beginning the early development process on the armored vehicle program we won last quarter. We are pleased this program was just expanded to include the development of additional eyepiece scopes, which increases the potential value over the life of the program from $40 million to $80 million. Finally, our new Brillian™ LCD microdisplay product line, which was created specifically to meet the extremely high brightness requirements of next generation aviation AR applications, has been well received by the military. We expect follow-on orders as development continues on new helmets utilizing the display.”

Dr. Fan continued, “Our enterprise customers have reported good demand for their augmented reality (AR) headsets, matching the optimism earlier this year at CES where a number of customers indicated they were starting to see the widespread adoption of AR by businesses across many industries, including healthcare, aviation and automotive. Kopin’s displays and optics are key components of these headsets and we are seeing a significant ramp in orders from these customers. In addition, we are delighted that we were just awarded a major design win with a global tier one company for a new AR smartglass for enterprise, which is on schedule to be released by the end of the year.
“We are very excited that our newest SOLOS™ smartglasses will be available for shipping beginning tomorrow. SOLOS has been called the world’s lightest and most advanced AR smartglass for sports and consumer fitness. It was designed using Kopin’s unique insight into how to balance style, form, comfort and function for maximum value to athletes. We are targeting cyclists, triathletes and runners with these smartglasses, which contain a heads-up see-through Pupil™ display module so athletes can get real-time updates, such as speed, power and pace, and measure their progress. SOLOS also includes our Whisper™ Voice Chip so that users can make phone calls or communicate with others in their group, benefitting from our unique noise-cancellation technology. SOLOS, which retails for $499, is available at www.solos-wearables.com through our ecommerce infrastructure. We anticipate rolling out SOLOS through other distribution formats during 2018.
“The year has gotten off to a very good start and we are encouraged by the opportunities ahead for 2018,” concluded Dr. Fan.

First Quarter Financial Results
Effective December 31, 2017, Kopin adopted ASC Topic 606 using the “modified retrospective” approach, meaning the standard was applied only to the financial results of the first quarter of 2018 with a cumulative adjustment to retained earnings. Under this transition method, Kopin applied the standard only to contracts that were not complete at the initial adoption date.
Total revenues for the first quarter ended March 31, 2018 were $5.7 million, compared with $4.4 million for the first quarter ended April 1, 2017.
Research and development (R&D) expenses for the first quarter of 2018 were $4.5 million compared to $4.3 million for the first quarter of 2017.
Selling, general and administrative (SG&A) expenses were $6.9 million for the first quarter of 2018 compared to $5.6 million for the first quarter of 2017.
Net loss attributable to the controlling interest for the first quarter of 2018 was $4.8 million, or $0.07 per share, compared with net loss of $7.9 million, or $0.12 per share, for the first quarter of 2017. Included in the first quarter of 2018 was $1.0 million from insurance proceeds and an approximate $3.6 million gain from the exchange of certain intellectual property for an equity investment.
During the first quarter of 2018 Kopin had 9 patents granted and filed for 6 new applications. Kopin has over 300 patents and patents pending, almost all of which are related to wearable applications.
Kopin has maintained a strong financial position. Net cash used in operating activities for the first quarter ended March 31, 2018 was approximately $6.1 million. Kopin’s cash and equivalents and marketable securities were approximately $61.0 million at March 31, 2018 as compared to $68.8 million at December 31, 2017, with no long-term debt.
“We believe full year revenues will be $35-$40 million,” said Richard Sneider, Kopin’s CFO. “Similar to last year, our revenues will trend substantially to the second half of the year, and our goal is to achieve break even on profitability by the end of 2019.”

The following table shows the impact of adoption of Topic 606 on the first quarter of 2018 results of operations (amount in millions):

		As reported		Balances without
adoption of Topic
606		Effect of
change	
Net product revenues		$5.1		$6.5		$(1.4)	
Research and development revenues		0.6		0.7		(0.1)	
Revenues		5.7		$7.2		$(1.5)	
Cost of product revenues		4.1		5.1		1.0	
Net loss attributable to controlling interest		$(4.8)		$(4.3)		$(.5)	
						 	
All amounts above are estimates and readers should refer to our Form 10-Q for the quarter ended March 31, 2018 for final disposition.
Brillian, SOLOS, Whisper and Kopin are a registered trademark of Kopin Corporation.

Forward-Looking Statements
Statements in this press release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to our expectation that we will receive shortly follow-on orders for the F-35 program, which will provide visibility into military revenues through 2019; the 5,000 FWS-I eyepieces will be delivered over the next year, beginning in August 2018; our belief that the FWS-C program is tracking on plan; our belief that the armored vehicle program we won last quarter and was just expanded to include the development of additional eyepiece scopes increases the potential total value over the life of the program from $40 million to $80 million; we were just awarded a major design win with a global tier one company for a new AR-smart glass for enterprise applications which is scheduled to be release at the end of the year; our expectation of follow-on orders on new helmets as the Brillian LCD microdisplay development continues; our enterprise customers are reporting seeing good demand for their augmented reality (AR) headsets; our expectation that at AWE USA 2018 trade show at the end of May we will introduce our own product targeting the industrial market; our expectation that the SOLOS smartglasses will have a retail price of $499; our expectation that we will roll out SOLOS through other distribution formats during 2018; our expectation that our revenues for the fiscal year 2018 will be in the range of $35 to $40 million; our goal is to achieve break even on profitability by the end of 2019; our belief that the year has gotten off to a very good start and we are encouraged by the opportunities ahead for 2018. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following either or both the F-35, FWS-I and FWS-C programs could be cancelled; we may not receive additional orders for our components for the F-35 and FWS-I programs; we may be designed out of the F-35 and FWS-I programs; we may not pass qualification of the FWS-C program; the FWS-I program may not begin to ship in August 2018; the armored vehicle program may be cancelled; the revenue from the armored vehicle program may not be in the range of $40 million to $80 million over its life to us; the design win for a global tier one customer for a new AR-smart glass for enterprise applications may be cancelled or if developed and commercialized may not provide significant revenues; we may encounter issues in our Brillian LCD microdisplay development which may prevent the Brillian LCD microdisplay form achieving results necessary to make it commercially viable; we may not receive any follow-on orders for our Brillian LCD microdisplays; our enterprise customers expectations of demand may be wrong and not occur which would negatively impact sales of our components to them; we may not be able to introduce our own product targeting the industrial market at the AWE USA 2018 show for numerous reasons; SOLOS smartglasses’ retail price is subject to change; we may be unable to roll out SOLOS through other distribution formats during 2018 due to a lack of demand, cost, or our inexperience in selling a device like SOLOS smartglasses; our revenues for the fiscal year 2018 may not be in the range of $35 to $40 million; we may be unable to achieve break even on profitability by the end of 2019; and other risk factors and cautionary statements listed in Kopin’s periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 31, 2017, and Kopin’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Kopin and only as of the date on which they are made. We undertake no obligation to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this release.

	 		
Kopin Corporation	
Condensed Consolidated Statements of Operations	
(Unaudited)	
			 		
		Three Months Ended	
		March 31, 2018		April 1, 2017	
Revenues:					
Net product revenues		$	5,044,809			$	3,933,142		
Research and development revenues		 	608,811	 		 	444,985	 	
			5,653,620				4,378,127		
Expenses:					
Cost of product revenues			4,062,191				3,117,357		
Research and development			4,451,653				4,281,870		
Selling, general and administrative		 	6,931,410	 		 	5,641,684	 	
			15,445,254				13,040,911		
				 	
Loss from operations			(9,791,634	)			(8,662,784	)	
				 	
Other income (expense), net		 	5,019,530	 		 	(423,095	)	
				 	
Loss before benefit for income taxes and net (income)			(4,772,104	)			(9,085,879	)	
loss from noncontrolling interest					
				 	
Benefit for income taxes		 	-	 		 	1,146,000	 	
				 	
Net loss			(4,772,104	)			(7,939,879	)	
				 	
Net (income) loss attributable to noncontrolling interest		 	(64,174	)		 	81,438	 	
				 	
Net loss attributable to the controlling interest		$	(4,836,278	)		$	(7,858,441	)	
				 	
Net loss per share:					
Basic		$	(0.07	)		$	(0.12	)	
Diluted		$	(0.07	)		$	(0.12	)	
				 	
Weighted average number of common shares outstanding:					
Basic		 	73,078,344	 		 	64,538,686	 	
Diluted		 	73,078,344	 		 	64,538,686	 	

 	
Kopin Corporation	
Condensed Consolidated Balance Sheets	
(Unaudited)	
	 		 		
		March 31, 2018		December 30, 2017	
ASSETS					
Current assets:					
Cash and marketable securities		$	61,041,495			$	68,755,684		
Accounts receivable, net			2,457,904				4,659,986		
Inventory			3,773,305				5,080,797		
Contract assets and unbilled receivables			2,479,062				-		
Prepaid and other current assets		 	1,257,765	 		 	1,243,029	 	
				 	
Total current assets			71,009,531				79,739,496		
				 	
Land, equipment and improvements, net			5,304,135				5,077,043		
Goodwill and intangible assets			2,464,715				2,663,883		
Equity investment			4,600,000				-		
Other assets		 	4,194,219	 		 	3,842,068	 	
				 	
Total assets		$	87,572,600	 		$	91,322,490	 	
				 	
LIABILITIES AND STOCKHOLDERS' EQUITY					
Current liabilities:					
Accounts payable		$	3,210,639			$	4,918,605		
Accrued expenses			4,626,655				4,351,537		
Income tax payable			-				1,416,892		
Deferred income taxes			523,529				520,000		
Contract Liabilities and billings in excess of revenue earned		 	384,073	 		 	896,479	 	
				 	
Total current liabilities			8,744,896				12,103,513		
				 	
Other long term liabilities			1,746,920				1,569,253		
Lease commitments			280,348				269,877		
				 	
Total Kopin Corporation stockholders' equity			77,451,925				78,099,269		
Noncontrolling interest		 	(651,489	)		 	(719,422	)	
Total stockholders' equity		 	76,800,436	 		 	77,379,847	 	
Total liabilities and stockholders' equity		$	87,572,600	 		$	91,322,490	 	

 	
Kopin Corporation	
Supplemental Information	
(Unaudited)	
	 		 		
		Three Months Ended	
				 	
		March 31, 2018		April 1, 2017	
Display Revenues by Category (in millions)					
Military Applications		$	2.3		$	1.3	
Industrial Applications			1.8			1.5	
Consumer Applications			0.8			0.6	
Other			0.1			0.5	
Research and Development		 	0.7		 	0.4	
Total		$	5.7		$	4.3	

Stock-Based Compensation Expense					
Continuing Operations					
Cost of component revenues		$	110,000		$	104,000	
Research and development			274,000			219,000	
Selling, general and administrative		 	1,015,000		 	969,000	
		$	1,399,000		$	1,292,000	

Other Financial Information					
Depreciation and amortization		$	555,000		$	443,000	

CONTACT:
Kopin Corporation
Richard Sneider,  508-870-5959
Treasurer and Chief Financial Officer
Richard_Sneider@kopin.com
or
Market Street Partners
Joann Horne,  415-445-3233
JHorne@marketstreetpartners.com