OLED microdisplay maker eMagin posted its preliminary financial results for Q4 2021. eMagin sees increased product revenues in the range of $6.8 to $7 million (up 10% to 13% from Q4 2020). Contract revenues were about $0.2 million (down from $1.5 million in Q4 2020).
eMagin says that its core military business is enjoying a ramp up in volume, and the company's backlog at the end of the year increased 26% from the end of 2020. The lower contract revenues were primarily due to timing of development work for a tier-one consumer customer, but eMagin continues to work on this project and anticipates ongoing contract revenue with this customer.
eMagin also updates that following the demonstration of its 10,000 nits direct patterning display prototype, it continues to have active discussions with customers regarding a variety of consumer, industrial and military applications.
Disclosure: the author of this post holds some shares in eMagin
