During the period, year over year revenue increases continued at over 100% for the third quarter in a row and sequentially grew 37% from second quarter levels. Commenting on the results, Gary Jones, eMagin’s CEO and president, said, As you can see our financial performance is improving. Costs are down and third quarter revenue of $2.3 million is a substantial increase over the same period last year, providing continued proof of traction in our key markets. The recent placements of our microdisplays by OEMs in major systems such as Sagem's FELIN system in European military programs and Nivisys' TAM-14 being deployed by the U.S. Department of Homeland Security indicate a strong future for the Company's OLED technology.
Posted: Nov 03,2006 by Ron Mertens
