Revenue for the three months ending March 31, 2008, of $2.7 million represent a decrease of 26% compared to the same period of 2007. Revenue for the first quarter was affected by a temporary production issue that occurred at the end of 2007 and certain government billings that were expected in the first quarter were not invoiced until the second quarter. Revenue for the second quarter is expected to approximate $4 to $5 million.
- eMagin now has over 100 customers who have commercialized eMagin-equipped products, and more than 100 additional customers who are at various stages of evaluation, product development or conducting field trials prior to commercialization across a diverse variety of industrial, medical, military and consumer applications.
- eMagin has booked or has commitments for over $8 million for government R&D contracts over the next 2 years which are developing technology and display products important to the Department of Defense.
Posted: May 16,2008 by Ron Mertens
