eMagin announced their financial results for 2Q 2011. Revenues were $7.4 million, operating income was $623,000 and net income was $3 million. The company says that production has improved - and so has gross margins. They also say that the business continues to expand, and that they begun shipments to their new high-end camera customer.
The company also announced that this filing will enable them to regain compliance with the NYSE/Amex listing continued requirements. They are still optimistic that they will meet their 2011 revenue guidance of $29 to $33 million. The new OLED deposition machine is on its way - which will result in improvements in capacity and yield. Investors seemed happy with this report - and the stock climbed 37%.
Discolsure - I am personally holding shares in eMagin.
