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) will participate in the TechBlick Conference on July 14, focusing on innovations in displays for AR/VR. CEO Andrew Sculley will present virtually at 4:30 p.m. CET. eMagin specializes in Active Matrix OLED microdisplays, serving various markets including military and commercial sectors. The company is a leader in display technology and the only manufacturer of OLED displays in the United States. More details can be found at TechBlick.
eMagin Corporation (NYSE American:EMAN) announced its inclusion in the Russell Microcap Index effective June 25, 2021, highlighting significant growth over the past year. CEO Andrew Sculley emphasized plans for expansion, including a 25% increase in manufacturing space, new equipment funded by the U.S. Department of Defense, and a boost in engineering personnel. The company continues to invest in R&D to enhance its technical capabilities in the evolving AR/VR market.
eMagin Corporation (NYSE American:EMAN) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 3:45 p.m. ET. The company's management will also hold one-on-one meetings with investors during the event. eMagin specializes in Active Matrix OLED microdisplays for military and commercial AR/VR devices, providing cutting-edge technology for various applications, including night vision and heads-up displays. A live webcast will be available on their investor relations website.
eMagin Corporation (NYSE:EMAN) reported first-quarter 2021 revenues of $6.8 million, slightly up from $6.7 million in the previous year. Product revenues improved to $6.1 million, driven by increased sales to medical and veterinary clients. However, contract revenues dropped to $0.7 million from $1.1 million. The company posted a net loss of $7.4 million, or $0.10 per share, impacted by a $7.2 million non-cash loss related to fair value adjustments. Gross margin improved to 25%, while operating expenses rose to $3.7 million.
eMagin Corporation (NYSE American:EMAN), a leader in Active Matrix OLED microdisplays, announced its participation in Display Week 2021, taking place virtually from May 17-21. The company will showcase its Direct Patterning OLED Technology during a virtual exhibit. Key events include a presentation by CEO Andrew Sculley on May 17, a CEO Forum with Board Chair Dr. Jill Wittels on May 19, and a seminar by COO Dr. Amal Ghosh on OLED-on-Silicon microdisplays on the same day. For registration details, visit www.displayweek.org.
eMagin Corporation (NYSE American:EMAN) will release its first-quarter earnings for 2021 on May 13. Management plans to host a conference call and webcast at 9 a.m. ET to discuss quarterly results, business highlights, and outlook. The company, a leader in OLED microdisplay technology, serves military, consumer, medical, and industrial markets. eMagin is the only U.S.-based manufacturer of OLED displays and has been a pioneer in display technologies since 2001, with applications in AR/VR and night vision systems.
eMagin Corporation (NYSE American: EMAN) announced the selection of its WUXGA Color OLED microdisplay by NordicNeuroLab for the VisualSystem HD, a head-mounted display for fMRI applications. This display, featuring 1920 x 1200 resolution and over 7 million active dots, enhances the visualization of 2D and 3D images during brain function mapping. eMagin's technology promises high-quality images, reliability, and performance in medical applications. NordicNeuroLab has over 2000 installations globally, reinforcing the partnership's significance in advancing medical imaging capabilities.
eMagin Corporation (NYSE American: EMAN) announced a going concern qualification in its recent Form 10-K for the year ending December 31, 2020. This qualification indicates potential financial instability and is mandated by NYSE American listing requirements. eMagin, a leader in OLED microdisplay technology, supports military and commercial applications including AR/VR devices. The company has a history of innovation with its proprietary Direct Patterning Technology. Investors should be aware of the implications of the audit opinion on the company’s financial health.
eMagin Corporation (NYSE American: EMAN) reported fourth-quarter revenue of $7.7 million, up 5.5% year-over-year, and full-year revenue of $29.4 million, a 10% increase from the previous year. Contract revenues increased to $1.5 million, significantly higher than $0.5 million in Q4 2019, driven by display design work for a tier-one consumer company. The company ended the year with $8.3 million in unrestricted cash and a backlog of $12.2 million. However, the gross margin dropped to 17% compared to 37% in Q4 2019, leading to an operating loss of $2.4 million.
eMagin Corporation (NYSE American:EMAN), a leader in OLED microdisplay technology, will announce its fourth-quarter and full-year earnings on March 18, 2021. A conference call and webcast will be held at 9 a.m. ET to discuss the results, business highlights, and future outlook. eMagin specializes in high-resolution displays for various markets, including military and medical applications, and is the sole manufacturer of OLED displays in the U.S. Investors can access the webcast on the company's website and through a dedicated link.
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