Welcome to our dedicated page for eMagin Corporation news (Ticker: EMAN), a resource for investors and traders seeking the latest updates and insights on eMagin Corporation stock.
eMagin Corporation (EMAN) is a pioneer in the field of organic light-emitting diode (OLED) microdisplays and virtual imaging technologies. The company specializes in designing, developing, manufacturing, and marketing OLED-on-silicon microdisplays, which are utilized in various sectors including defense, commercial, medical, and industrial markets.
eMagin's cutting-edge virtual imaging products leverage their proprietary OLED technology to create high-resolution microdisplays. These displays, which are typically smaller than one inch, are integrated into silicon backplanes or chips. When viewed through a magnifier, these microdisplays produce virtual images that appear as large as a computer monitor or high-definition television.
The company’s products are crucial for Original Equipment Manufacturers (OEMs), enabling the development and marketing of improved or entirely new products. Their diverse applications extend from military head-mounted displays to advanced medical imaging equipment.
Recently, eMagin made headlines with its strategic progress. A notable development is the planned merger with Samsung Display Co., which will be decided in a Special Meeting of Stockholders scheduled for August 31, 2023. This merger represents a significant step toward expanding eMagin’s influence and capabilities within the OLED microdisplay market.
Financially, eMagin is maintaining a stable trajectory, continuing to innovate and partner with leading entities across its operational sectors. With a strong commitment to advancing virtual imaging technologies, eMagin is well-positioned to remain at the forefront of the industry.
eMagin Corporation (NYSE American: EMAN) reported expected revenues for Q2 2022 between $7.0 million and $7.2 million, an increase of 11% to 14% from $6.3 million in Q2 2021. This growth is attributed to strong military demand and contributions from medical customers, although there was a decrease in contract revenue due to timing issues. The open orders backlog as of June 30, 2022, is $14.3 million, up from $10.3 million the previous year. Final results will vary as they are subject to completion of financial closing procedures.
eMagin Corporation (NYSE American: EMAN) announced that its OLED Microdisplays have been selected for EO System Company Ltd.'s thermal weapon sights and surveillance systems. With over $1 million in current backlog, eMagin has supplied these microdisplays for several years. The selection highlights their advantages in high brightness, low power, and high resolution across various temperature ranges. EO System Company, a leading supplier of electro-optical devices, acknowledges the excellence of eMagin's displays in global markets.
eMagin Corporation (NYSE American: EMAN) has secured a $2.5 million contract from the U.S. Army for a prototype of a high-brightness, full-color OLED microdisplay. This technology aims to enhance soldiers' situational awareness and mobility in military applications. The prototype is expected to undergo testing within 24 months, potentially leading to a production agreement without competition. eMagin is the sole U.S. manufacturer of these displays and has been supplying U.S. defense programs since 2006, indicating the company's importance in the defense supply chain.
eMagin Corporation (NYSE American: EMAN) reported a first-quarter revenue of $7.4 million, a 9% increase year over year. The backlog of open orders stands at $13.6 million, driven by strong bookings and a 27% increase in display production. Gross margin improved to 32% from 23% in Q1 2021. Despite a net loss of $0.1 million, the company narrowed its operating loss to $1.2 million. eMagin continues to innovate with its dPd technology and has secured four new patents. The company remains on track with its Defense Production Act Title III funding initiatives.
eMagin Corporation (NYSE American: EMAN), a leader in OLED microdisplay technology, will release its first-quarter results on May 12, 2022. The company specializes in active matrix OLED microdisplays for AR/VR and near-eye imaging products. A conference call will be held at 11:30 a.m. ET on the same day to discuss the results and future business outlook. eMagin is the only U.S. manufacturer of OLED displays, serving military, consumer, medical, and industrial markets.
eMagin Corporation (NYSE American: EMAN) announced that CEO Andrew Sculley will present at the SID/DSCC Business Conference during Display Week 2022, taking place from May 8-13 in San Jose, California. The event is the largest conference dedicated to the display market. Sculley will showcase the company’s 10,000 Nits Full-Color OLED Microdisplay for VR on May 9, highlighting its innovative dPd™ Direct Patterning Technology. eMagin will also exhibit its product line from May 10-12 at booth 1638.
eMagin Corporation (NYSE American: EMAN) has announced the award of four additional patents for its Direct Patterning Display (dPd™) technology, increasing its total to 21 patents. These patents focus on high-resolution OLED displays featuring unique pixel structures and advanced fabrication methods, crucial for next-gen AR and VR headsets. CEO Andrew Sculley highlighted that these innovations enhance brightness and efficiency, essential for immersive experiences. The dPd technology facilitates direct patterning of RGB OLED emitters, significantly boosting display brightness.
eMagin Corporation (EMAN) reported a fourth-quarter revenue of $7.2 million, down from $7.7 million year-over-year but up sequentially by $1.4 million from Q3 2021. Full-year revenue totaled $26.0 million, a 12% decline from the previous year. Despite challenges, the company has a strong backlog of orders at $13.8 million, up 26% from 2020. The fourth-quarter gross margin improved to 24%. However, the operating loss for 2021 increased to $10.0 million. eMagin is expecting to leverage its advanced production machinery and improve yields in 2022.
eMagin Corporation (NYSE American: EMAN) will release its fourth-quarter and full-year earnings results on March 10, 2022. The announcement includes a management conference call and webcast at 9 a.m. EST the same day, discussing the quarterly results, business highlights, and future outlook. eMagin is a leader in OLED microdisplay technology, serving clients in military, consumer, medical, and industrial markets. Known for its Direct Patterning Technology, the company emphasizes its role as the only US manufacturer of OLED displays, which have applications in AR/VR and various advanced imaging systems.
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