eMagin corporation - Page 11

eMagin reported their financial results for Q3 2013. Revenues were $6.3 million (down from $7.5 in Q3 2012). Net less (pre-tax) was $1 million. The company has no debt and about $13.1 million in cash.

eMagin XGA096 OLED-XL

The SNU deposition tool still has issues. During October they had a vacuum leak which required a new part. Now the company expects yield improvement. In fact, just a few days ago (November 11) they ran a significant number of wafers through the tool and it is outpacing the old Satella and eMagin's plan.

eMagin posted their financial results for Q2 2013: $7 million in revenues (down from $8.6 in Q2 2012) and a net loss of $1 million. These are disappointing results due to lower contract revenues from US government agencies and manufacturing challenges.

The new SNU deposition tool is still problematic. eMagin accomplished almost half of the OLED deposition on the new machine, but neither yield nor output are where they want them to be. The company is utilizing personnel and other resources to optimize the tool - which incurred higher manufacturing costs. Currently the yields are about the same in the new tool and in the older Satella machine.

A few weeks ago Universal Display changed their ticker symbol from PANL to OLED. This may be good for UDC's business, but it made a mess with the popular Yahoo's investor forums (which still does not point to the correct forum from UDC's quote page). So OLED-Info comes to the rescue (sort of) - and today I launched new investor forums right here on OLED-Info.

Currently there are two forums - for Universal Display investors and for eMagin as well. If these forums are successful, maybe I'll add more forums (not just investment related ones). Happy conversing and good luck with your investments...

eMagin unveiled the world's brightest full-color OLED microdisplays, the color OLED-XLS series. Those displays offer 1000 nits of luminance, that is four times brighter than "current industry standard".

XGA096 OLED-XL

eMagin are currently offering OLED-XLS displays in sample quantities over their entire product line (VGA, SVGA, XGA, SXGA and WUXGA). They will continue to produce the "older" OLED-XL displays.

eMagin officially announced their XGA OLED microdisplay for camera EVF (and other near-to-eye applications). The XGA096 OLED-XL is the company's smallest microdisplay ever (at 0.48" diagonal) and it features a 9.6 micro pixel design. it Actually has a resolution of 1036x780, or 12 extra rows and columns beyond XGA for optical alignment or extended image area. eMagin says they are already taking orders for samples of this new microdisplay.

We have heard a lot about this camera XGA EVF, and it's good to finally see a real product. During their latest conference call, eMagin reported that they missed their first EVF opportunity with a camera maker for an external EVF because they didn't have enough time to complete the module design. They hope to win the internal EVF contract and if so shipments wil begin in late 2013 or early 2014.

eMagin reported their financial results for Q1 2013 - revenues rose 39% (compared to Q1 2012) to $8.5 million (the company reports record display sales). Net income was $205,000 (compared to a net loss of $452,000 in Q1 20122).

The company has around $14.4 in cash or equivalents (they paid a dividend on December 2012). eMagin affirmed their 2013 revenue guidance range of $34 million to $39 million. eMagin quotes insight media with their forecast of the microdisplay market - that is set to grow to almost 24 million units by 2017 (double the expected 12 million units in 2013).

eMagin announced a new OLED microdisplay with a digital interface, the SVGA150 OLED-XL. This is an update to the company's SVGA+ OLED microdisplay. The new display has as 15-micro pixel-pitch, is built on a single crystal silicon backplane and measures 18 x 16 mm (5.01 mm high).

eMagin says that this new display is twice as efficient as eMagin's older generation display. This new display joins eMagin's family of digital interface OLED-XL microdisplays, which also includes VGA and WUXGA displays. eMagin plans to announce additional products in the family in 2013.

eMagin reported their financial results for Q4 2012 - revenues were $8.3 million (up from $8 million in Q4 2011), and net income was $1.8 million. In 2012 eMagin generated revenues of $30.6 million (up from $29.2 in 2011) and the net income was $2.3 million. During 2012 the company purchased $2.5 million of equipment, repurchased 125,000 shares and paid a one-time $3.1 million dividend. Currently eMagin has about $13.4 million in cash and they expect revenues in 2013 to be in the range of $34 - $39 million.

An eMagin OLED microdisplay

Their new SNU deposition machine broke down in Q4 and they didn't produce any displays on it during the most of November and December 2012. These issues were fixed and production is now back on track.

Eyelit, a manufacturing software provider, announced today that eMagin selected their Eyelit MES software to further optimize production efficiency at its NY manufacturing facility. Eyelit's software will help eMagin to increase manufacturing yield, reduce cycle time and ramp production.

eMagin says that Eyelit's software will help them to configure processes quickly with WIP tracking to improve visibility, and to phase in higher-level functions such as SPC and equipment management. eMagin expects to increase their production volume significantly compared to last year and efficiency is very important currently.

Sony announced a new DLSR, the A58. This new mid-range camera sports a newly-developed 20mp sensor, new lock-on focus mode and auto-object framing mode. The EVF uses an SVGA (800x600) OLED microdisplay. The back display uses Sony's new Triluminos Quantum-Dots enhanced LCD (the first time this display is used in a consumer product, expect Sony's newest TVs). We just spotted the A58 on Amazon.co.uk - and it will launch on April 19 2013 in the UK for £500.

That SVGA OLED microdisplay is interesting. Sony themselves released 0.5" XGA (1024x768) and 0.7" 1280x720 OLED microdisplays back in August 2011 (they are using the XGA ones in several DSLRs, such as the A99 and the A65), and they never mentioned an SVGA one. We do know that both eMagin and Olightek are making SVGA microdisplays however.