In addition to production order, customer additionally authorized $5.3 million materials procurement for anticipated future production contract
Kopin Corporation (NASDAQ:KOPN), a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterprise, industrial, consumer and medical products, today announced it has received an order valued at $14 million to supply custom thermal imaging assemblies from a leading defense prime contractor. In addition to the thermal imaging assembly order, the customer has authorized Kopin to purchase $5.3 million in materials for an anticipated future order.
The eyepiece assembly is part of a detachable weapon system that enables warfighters to acquire targets in hostile conditions—day or night, and even through smoke or fog—dramatically boosting their "stand-off advantage" and combat effectiveness on the battlefield. This eyepiece assembly integrates Kopin's proprietary display, optic, electronic and housing technologies in a robust assembly.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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