eMagin reported their financial results for Q4 2011. Revenues were $8 million and net income was $1.2 million. In 2011 the company had generated revenues of $29.9 million (down from $30.5 million in 2010) and a net profit of $5 million. The company now has about $14.3 million in cash and investments.
An eMagin OLED microdisplay
eMagin also reported that they expect volume orders for their new digital VGA OLED microdisplay in the second half of 2012. They are developing a commercial display produce for the electronic viewfinder (EVF) market - and have already began to supply panels for a high end electronic viewfinder. eMagin also says they expect to receive funding from the US military to develop high-brightness color OLED displays that will not use color filters (which are used in eMagin's current microdisplays).
The company reports that their new OLED deposition machine has been installed and is being tested and qualified in their manufacturing facility. The new machine will be fully operational in Q2 2012, and will increase their OLED deposition capacity by tenfold and will increase yields. The company also bought a new seal machine which will also become online in Q2 2012.
Finally, the company forecasts that 2012 revenues will fall within the range of $30 million to $34 million.
Disclosure: the author of this post holds some eMagin shares
