Emagin Corporation (EMAN) Reports In-Line Q1 EPS

Emagin Corporation (NYSE: EMAN) reported Q1 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $6.1 million versus the consensus estimate of $6.47 million.

Outlook

“We continue to pursue our milestone approach to driving shareholder value. We believe eMagin is the only Company whose products can meet the low power, high brightness and resolution requirements for high-pixel density displays being demanded both for next generation VR/AR Consumer HMDs as well as today’s commercial and military applications,” continued Mr. Sculley.

The Company remains focused on the following objectives to drive shareholder value:

Advance our product development discussions with major consumer electronics companies to incorporate OLED technology into their next generation products,
Advance discussions with high volume production partners to utilize our leading production and process technologies,
Further penetrate high growth commercial/industrial markets including medical devices and other vertical markets where integration of our OLED microdisplays and optics technology advances product development and adoption,
Expand our presence in existing and future major military programs and overall customer count in domestic and international military markets,
Launch new products focused on the consumer market which offer high performance and broad appeal at an attractive price, and
Continue our progress in manufacturing improvements including yield enhancement and production capacity expansion.

“The interest in our technology, especially with the enhancements that direct patterning provide, continues to grow among both our partners and other potential partners whether for manufacturing or consumer applications. We are making significant progress in all areas of the business from engineering and production to sales and strategic partnerships. We have a very talented group of people working at an exceptional level to make this a transformative year for eMagin,” concluded Mr. Sculley.

For earnings history and earnings-related data on Emagin Corporation (EMAN) click here.

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