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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) has successfully demonstrated its new 10,000 cd/m2 Full-color OLED Microdisplay using dPd technology at the I/ITSEC conference. This flagship technology, designed for AR/VR applications, achieved impressive luminance levels, showcasing its capabilities in high-ambient light settings and fast response times, marking a significant advancement in OLED displays. CEO Andrew G. Sculley emphasized that dPd technology is more power-efficient and could replace existing technologies in the metaverse, with commercialization expected in 2023.
eMagin Corporation (NYSE American: EMAN) anticipates fourth-quarter product revenues ranging between $6.8 million and $7.0 million, marking a 10% to 13% increase year-over-year and a 28% to 32% sequential increase. Total expected revenue is $7.0 million to $7.2 million, compared to $7.7 million in Q4 2020. The company reported a backlog of $13.8 million, up 26% from the previous year. eMagin is enhancing its manufacturing capabilities through advanced OLED equipment investments funded by $34 million in government grants, targeting improved yield and reliability by 2023.
eMagin Corporation (NYSE American: EMAN) reported third-quarter 2021 revenue of $5.8 million, down from $7.3 million year-over-year. This decline is attributed to manufacturing downtimes that delayed $1.3 million in shipments. However, the company's sales backlog increased to $14.9 million, driven by strong bookings in military night vision and medical markets. The company also unveiled a prototype for a full-color dPd™ display capable of over 10,000 cd/m2, marking a significant technological advance. Operating loss rose to $3.3 million, compared to $1.9 million in the prior-year period.
eMagin Corporation (NYSE American: EMAN) will participate in the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021. CEO Andrew G. Sculley will present at 1:30 p.m. ET, with one-on-one meetings available for investors. The event can be registered for via the Ladenburg conference website and will also be available on eMagin's investor relations page. A replay will be accessible for 120 days post-event. eMagin specializes in OLED microdisplay technology for various sectors, including military and consumer applications.
eMagin Corporation (NYSE American: EMAN) announced that it will release its third-quarter results on November 12, 2021. A conference call and webcast will be hosted at 9 a.m. EST on the same day to discuss the results and future outlook. eMagin, a leader in OLED microdisplay technology for AR/VR and other imaging products, is the only U.S. manufacturer of OLED displays. The company’s innovative Direct Patterning Technology aims to enhance digital information visualization across various sectors including military and medical markets.
eMagin Corporation (NYSE American: EMAN) has introduced a groundbreaking WUXGA OLED microdisplay prototype utilizing its dPd™ technology, achieving a remarkable 10,000 cd/m² maximum brightness. This development marks a significant leap, providing a 20-fold improvement in luminance over previous models.
CEO Andrew G. Sculley emphasized its potential for advanced AR/VR applications, with expectations of reaching over 28,000 cd/m² by mid-2023. The company is collaborating with a major consumer firm to scale this technology. The display features over 2,500 pixels per inch, ensuring exceptional clarity.
eMagin Corporation (NYSE American: EMAN) has secured a $33.6 million contract with the U.S. Department of Defense to enhance the production of high-resolution OLED microdisplays. This funding will facilitate the installation of advanced production equipment at its New York facility, aimed at improving manufacturing throughput and yield. The company plans to increase its U.S.-based workforce by 10% over the contract's duration. Additionally, it has expanded its manufacturing footprint by over 25% to accommodate new equipment and is actively hiring for R&D and production roles.
eMagin Corporation (NYSE American: EMAN) will participate in the H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021. CEO Andrew Sculley is scheduled to speak at 7 a.m. ET. Investors can register for a webcast of the event and one-on-one meetings are available on September 15. eMagin specializes in Active Matrix OLED microdisplays for military and commercial AR/VR applications and is the only OLED display manufacturer in the U.S. A replay of the presentation will be accessible for 90 days post-event.
eMagin Corporation (NYSE American: EMAN) reported Q2 2021 revenue of $6.3 million, down from $7.7 million in Q2 2020. Product revenues decreased to $5.7 million due to unexpected production downtime, although growth was seen in military and medical applications. Contract revenue fell to $0.5 million as project timelines shifted. Gross margin dropped to 9%, leading to an operating loss of $2.9 million. Despite challenges, the sales backlog grew from $10.3 million to $16.0 million by July 31, 2021. The company continues to advance its Direct Patterning Display technology and XLE enhancements.
eMagin Corporation (NYSE American: EMAN), a leader in Active Matrix OLED microdisplays, has announced the release of its second-quarter results on August 12, 2021. The company will host a conference call and webcast at 9 a.m. EST on the same day to discuss results and business outlook. eMagin specializes in display technologies for military, consumer, and industrial applications, and is the only U.S. manufacturer of OLED displays. For more details, visit their Investor Relations website.
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