eMagin, the OLED microdisplay maker, reported their financial results for Q2 2015 - revenues were $7 million (similar to Q2 2014 and up 17% from Q1 2015). Product revenues totaled $5.4 million and R&D contract revenues were $1.6 million. Operating profit was $0.9 million, while net loss was $0.1 million. eMagin generated $0.4 million in positive cashflow (the company now has $5.4 million in cash or equivalents).
eMagin XGA096 OLED-XL
eMagin says that they are making good progress on direct-patterned OLEDs and is continuing to enhance and demonstrate their new microdisplay-based HMD prototype.
eMagin says that in the quarter the company received some large new orders (in fact this was one of the company's highest display order booking quarters ever), with three out of the top five bookings for newly introduced display products.
eMagin finally says that they affirm their previous guidance: revenues will total between $26 million to $29 million in 2015.
Disclosure: the author of this post holds shares in eMagin
