eMagin reports its financial results for Q2 2022
OLED microdisplay maker eMagin reported its financial results for Q2 2022, with revenues of $7.2 million (up 14% from Q2 2021). The company's net loss was $1.4 million. At the end of the quarter, eMagin had $4.3 million in cash and equivalents. The company's backlog is $14.3 million.
eMagin says that it achieved increased sales of displays in both the defense sector (mainly the ENVG-B program) and also to the veterinary and surgical markets.