OLED microdisplay maker eMagin announced that it plans to raise $11.5 million in an underwritten public offering. eMagin offers a combination of shares and warrants at a price of $1.35 per share and associated warrant (which has an exercise price of $1.55 per share). The offering is set to close on January 29.

In addition to this public placement, some of the company's directors and offices have agreed to purchase $275,000 of shares of common stock of the Company, together with warrants to purchase shares of common stock. The net proceedings of these two oplacements will total $10.6 million.

UBI Research estimates that the global AMOLED production capacity will grow at a CAGR of 48% from 2018 to 2020. Overall production size will grow from 13 million square meters in 2017 to 40 million square meters in 2020.

Small and medium-sized displays will continue to lead the AMOLED market, with 32 million square meters in 2020 (compared to 8.4 million in 2020). Samsung Display will continue to dominate but its market share will drop to around 45% in 2020 (down from around 90% in 2017).

During Tokyo's Wearable Expo, Pioneer introduced new PMOLED displays and devices. One of the devices on display seems to be an AR glasses concept that adopts a curved transparent PMOLED:

We don't have more information on Pioneer's new PMOLED besides what you can see in the image above. Pioneer announced it has developed flexible monochrome PMOLED panels back in 2013 (produced on ultra-thin glass) but did not commercialize such panels yet.

Universal Display announced today that Sharp has signed an extended and updated evaluation agreement. Under this new agreement, UDC will supply its phosphorescent OLED materials and technology to Sharp Corporation for use in the Company’s OLED displays. Details and financial terms of the agreement have not been disclosed.

Sharp recently confirmed that the company aims to start commercial OLED production in Q1 2018 in its Osaka fab and will introduce new smartphones with its own OLED in June or July of 2018. In October 2016 Sharp announced that it will invest $570 million and build OLED pilot lines at its plants in Osaka and in the Mie Prefecture.

According to reports from Korea, Samsung Display is reconsidering its planned investment in its A5 flexible OLED production line, due to "growing uncertainties in the smartphone market". Samsung reportedly suspended its equipment orders and its plans to construct the A5 building.

There are several worrying signals in the smartphone industry. Apple is reportedly facing lower than expected demand for its iPhone X (and may halt new OLED orders for its flagship phone in 2018). Smartphone shipments in China decreased 3.1% in Q3 2017 and it is estimated that Q4 have been lower than expected as well.

During a wearable conference in Tokyo, Japan's ColorLink demonstrated its new VR and AR prototype devices, which both use OLED microdisplays. The company says that using OLED microdisplays it can produce more compact VR devices.

The ColorLink devices use 0.7" FHD OLED microdisplays, which are probably Sony's ECX335AF displays.

LG Display reported its Q4 2017 financial results. Revenues reached KRW7,126 billion ($6.6 billion USD) - up slightly from Q3 2017 but down 10% from Q4 2016. Net income was KRW 44 billion ($42 million USD, a drop of 91% from Q3 2017 and 95% from Q4 2016).

Looking back at 2017, LGD says that it solidified its OLED business, increased its annual OLED TV shipments to 1.7 million units and started production of flexible OLEDs at its E5 production line. The 6-Gen E5 line has started mass production in Q3 2017 but will only start to output displays for products that will launch at the end of 2017 - the 6" P-OLEDs used in LG's own V30 and Google's Pixel 2 XL were produced at LG's older and smaller E2 line, and reviewers and consumers alike were disappointed in LG's AMOLED performance. . In August we first reported that LGD is still facing very low yields at its 6-Gen E5 line, but it seems that yields and display quality are improving.

The OLED industry has become a multi billion dollar industry, and a very fast growing one as OLED displays enter the consumer market for mobile phones, tablets, wearables, TVs and VR headsets.

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OLED microdisplay maker eMagin reported its preliminary financial results for Q4 2017. Revenues are expected to be between $6.2 million to $6.4 million - a 35% to 39% increase from Q4 2016 and up 44% to 49% from Q3 2017. The company's backlog for 2018 is $9.8 million - an increase of 53% compared to the backlog entering 2017.

eMagin says that the improvement in preliminary revenues reflects both the expected pickup in military demand as well as contributions from commercial projects. At the end of 2017 the company had $3.5 million in cash and equivalents and had a revolving credit loan balance of $4.0 million.

BOE started to produce flexible OLED displays at its first flexible AMOLED line, the Chengdu B7 6-Gen fab, in October 2017. Financial analysts from CLSA say that according to their checks, the ramp-up at the B7 is ahead of schedule, and CLSA expects BOE to ship 19 million smartphone OLEDs in 2018 and 41 million panels in 2019.

CLSA says that major Chinese smartphone makers will launch the first smartphones that use BOE's flexible OLEDs in February and March or 2018. CLSA says it won't be surprised to hear BOE announcing new OLED fab plans soon (in H1 2018).