eMagin announced their 2Q financial results. They generated a $8.3 Million in revenues (a company's record) - a 41% increase compared to 2Q-2009 - primarily due to a significant increase in product revenue and the more than doubling of contract revenue. Net income for the period was $912,000.
eMagin announced that it has signed an agreement to built its first production OLED deposition machine. The new machine is expected to increase OLED deposition capacity by approximately tenfold, to increase yield significantly and contribute to substantially more automated processes. The new proprietary machine replaces the company’s existing Satella, an R&D machine adapted and used by eMagin for production since its inception in 1996.
The new machine is expected to be completed in Spring 2011, with production beginning in the Fall 2011.
eMagin has posted strong financial results for the first quarter of 2010 - $5.9 million in revenue and $880,000 net income. eMagin says two custom OLED microdisplays will enter production this year, and they are also on track for the ultra high-res 3D OLED microdisplays for the US army.
eMagin reiterated their guidance of $28M to $32M in total revenue during 2010.
Liteye has developed two new head mounted display ("HMD") products equipped with OLED microdisplays from eMagin. The HMD's allows users to locate the display in virtually any position.
Liteye LE-720A
The LE-720A (image above) HMD is a high performance rugged solution for situational awareness applications, available in full color SVGA or monochrome video (is uses eMagin's SVGA+ OLED-XL microdisplays). Prototype LE-720A systems built into Oakley combat goggles are currently being evaluated internationally by military OEMs.
eMagin today reported their latest financial results. The company was profitable in 2009 and had $6.7 million in revenue in the fourth quarter (profit was $1.4M). They also report good progress in their efforts to develop a high-res (over HD), under 1" display for the US Army.
eMagin (making OLED microdisplays) has posted their financial results for 3Q 2009. Quarterly revenue exceeded $6.1 million, and net income was $1.2 million. eMagin also reports substantial manufacturing yield.
Just a few days ago eMagin reported a new $6 million US army project for OLED microdisplays.
eMagin announced today that they have been awarded a 2 year, $6 million program by the US Army to develop ultra-high resolution (1920x1200) OLED microdisplays. The project was awarded by the US Army Medical Medical Research and Materiel Command (USAMRMC), and the aim is to create a 3D-capable display system for advanced medical training systems.
The WUXGA (Widescreen Ultra eXtended Graphics Array) microdisplay is being designed to be sized less than one-inch diagonal with over 7 million pixels at a 9.6 micron color pixel pitch. The program also involves the design of optics for a wide field-of-view between 60 and 80 degrees. The culmination of this program is expected to provide a prototype of an ultra-high resolution display system suitable for several applications within Army medicine and military simulation and training, as well as for broad military and commercial uses.
Other participants in the program include Rockwell Collins and Columbia University.
The US Congress has approved 3M$ in additional funding for eMagin's OLED night-vision goggles project, which already got a 2.4M$ back in 2007. The bill must win the approve of the Senate before it is finalized.
eMagin's OLED micro-displays will enable more powerful and yet small equipment for US soldiers.
eMagin issued financial results for its second quarter ending June 30, 2009. eMagin posted record sales and profits - they had 5.9M$ in sales, and 1.3M$ net income.
eMagin are seeing increased acknowledgment by customers of the advantages of their proprietary OLED microsidplay technology, and also lower royalties expenses - this is probably because OLED patents are starting to expire, and also they might have negotiated better deals with IP companies.
