Kopin shares surge 11.15% premarket after first DarkWAVE order from Theon International.

Kopin (KOPN) surged 11.15% in premarket trading following the announcement of a $1.0 million development order for its DarkWAVE™ module from Theon International. This first major order advances the AR- and thermal-enabled clip-on night-vision platform to production readiness for international defense customers by 2026, targeting a large aftermarket of over 2 million existing night-vision goggles. The deal marks a critical step in monetizing Kopin’s defense-focused microdisplay technology, addressing a key catalyst for investors. While the company remains unprofitable and faces execution risks, the order provides tangible progress toward scaling its high-margin defense applications, aligning with the stock’s sharp premarket rise.