Welcome to our dedicated page for Emagin news (Ticker: EMAN), a resource for investors and traders seeking the latest updates and insights on Emagin stock.
eMagin Corporation (EMAN) delivers breakthrough OLED microdisplay solutions for defense, medical, and industrial applications. This news hub provides investors and industry professionals with essential updates on the company's technological advancements and strategic initiatives.
Access official press releases and verified news covering product developments, partnership announcements, and financial updates. Stay informed about EMAN's leadership in virtual imaging technologies, including progress on its pending merger with Samsung Display Co. and innovations in high-resolution microdisplays.
Key updates include corporate milestones, defense sector contracts, medical imaging breakthroughs, and manufacturing developments. All content is curated to help stakeholders understand EMAN's market position and technical capabilities without promotional bias.
Bookmark this page for streamlined access to critical updates about OLED technology advancements and corporate strategy. Check back regularly for authoritative reporting on EMAN's role in shaping next-generation visual solutions across multiple industries.
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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