• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    eMagin Corporation Announces 3Q 2018 Financial Results

    Revenue for the first nine months of 2018 increased 33% over the year ago period to $20.8 million.

    Related CONTENT
    • Impinj Announces Preliminary 4Q 2020 Revenue
    • STMicroelectronics Announces 4Q 2020 Preliminary Revenues
    • IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth
    • Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook
    • Identiv Announces Early Repayments of Loans
    11.09.18
    eMagin Corporation announced financial results and corporate highlights for the third quarter ended Sept. 30, 2018.
     
    Revenues for the third quarter of 2018 grew 60% to $6.9 million, an increase of $2.6 million from revenues of $4.3 million reported a year ago. Revenue for the first nine months of 2018 increased 33% over the year ago period to $20.8 million.
     
    Product revenues increased in the quarter by 51% to $6.0 million compared to $4.0 million in the third quarter of 2017. The increase in product revenue was due to growth from US and foreign military programs and to a larger proportion of sales of displays with higher average unit prices. Contract revenues totaled $0.8 million in the third quarter of 2018 compared to $0.3 million in the same quarter of last year.
     
    Overall gross margin for the third quarter was 35% compared to 7% in the prior year period. The increase in gross margin was primarily due to increased volumes and higher yields, resulting in lower costs per displays, as well as the addition of several military related contracts at favorable margins. Operating loss for the third quarter was $1.3 million versus an operating loss of $3.0 million in the third quarter of last year.
     
    “We had another strong quarter supported by growth in our military and commercial business as we deepened our penetration both in the U.S. and abroad. As a result of efforts to expand our revenue base, we are seeing significant interest globally in our technology with 57% of our revenues this quarter outside the US. Total revenues in the third quarter were $6.9 million, a 60% year-over-year increase, with sales to 66 customers. Our production yields continued to improve, driving up our product and overall gross margins to 35%,” said CEO Andrew Sculley.
     
    “On the military side of the business, our momentum is continuing as evidenced by several new program wins, reinforcing the value of our cutting-edge technology,” he added. “In addition, we continue to successfully execute on a number of existing key domestic and foreign military programs. Earlier this year we participated in the DefExpo18 show to capitalize on India’s rapid market expansion and I am pleased to report that we now have five new Indian customers. On the commercial front, we are seeing expanded interest from established medical device companies to incorporate our microdisplays into their products.”
     
    “Our backlog at the end of September for the next 12 months was $10.9 million, reflective of the strong bookings we have had throughout this year, representing an increase of $1.3 million from 2017 year-end. While our backlog can vary depending on the timing of new orders as well as shipment dates, demand has remained very strong and we are encouraged by the ongoing level of interest in our OLED microdisplays,” concluded Sculley.
    Related Searches
    • emagin
    • displays
    • OLED
    Suggested For You
    UDC Subsidiary Adesis UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Impinj Announces Preliminary 4Q 2020 Revenue Impinj Announces Preliminary 4Q 2020 Revenue
    STMicroelectronics Announces 4Q 2020 Preliminary Revenues STMicroelectronics Announces 4Q 2020 Preliminary Revenues
    IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth
    Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook
    Identiv Announces Early Repayments of Loans Identiv Announces Early Repayments of Loans
    Meyer Burger Receiving Up to €22.5 Million in Public Funding Meyer Burger Receiving Up to €22.5 Million in Public Funding
    3M Reports Sales Information for Month of November 2020 3M Reports Sales Information for Month of November 2020
    Avery Dennison Advances Significant Sustainability Actions in 2020 Avery Dennison Advances Significant Sustainability Actions in 2020
    eMagin Expanding New York Manufacturing Facility eMagin Expanding New York Manufacturing Facility
    Brady Corporation Reports Fiscal 1Q 2021 Results Brady Corporation Reports Fiscal 1Q 2021 Results
    SEMI: 3Q 2020 Global Semiconductor Equipment Billings Surge 30% Year-Over-Year SEMI: 3Q 2020 Global Semiconductor Equipment Billings Surge 30% Year-Over-Year
     North American Semiconductor Equipment Industry Posts October 2020 Billings North American Semiconductor Equipment Industry Posts October 2020 Billings
    Merck KGaA Reports Strong 3Q 2020 Merck KGaA Reports Strong 3Q 2020
    CCL Industries Announces Record Quarterly Results for 3Q 2020 CCL Industries Announces Record Quarterly Results for 3Q 2020

    Related Breaking News

    • Breaking News | Displays and Lighting | Financial News | Manufacturers News

      LG Display Reports First Quarter 2020 Results

      The revenue decrease of 26% quarter on quarter was driven by low seasonality.
      04.27.20

    • Breaking News | Displays and Lighting | Electronic Materials
      Merck KGaA Acquires 700+ OLED Patents for Display Applications from Konica Minolta

      Merck KGaA Acquires 700+ OLED Patents for Display Applications from Konica Minolta

      Financial terms were not disclosed.
      04.24.20

    • Breaking News | Displays and Lighting | Manufacturing | Personnel
      Kateeva Announces Leadership Changes

      Kateeva Announces Leadership Changes

      New leadership focused on enabling global customers with advanced technology solutions for OLED display manufacturers, per Kateeva.
      04.15.20


    • Breaking News | Displays and Lighting | Manufacturers News
      Acuity Brands Relaunches Olessence with New Design

      Acuity Brands Relaunches Olessence with New Design

      Using panels from OLEDWorks in luminaires provides for bright, uniform light that creates a soft and inviting ambiance.
      04.13.20

    • Breaking News | Research Reports | Semiconductors and Quantum Dots
      Quantum Dot Market Worth $10.6 Billion by 2025: MarketsandMarkets

      Quantum Dot Market Worth $10.6 Billion by 2025: MarketsandMarkets

      Worth $3.5 billion in 2019; expected to register a CAGR of 24.6%, per MarketsandMarkets.
      MarketsandMarkets 04.03.20

    • 3D Printing | Breaking News
      Mimaki USA Expands 3D Printer Offerings with 
3DGD-1800 Model

      Mimaki USA Expands 3D Printer Offerings with 
3DGD-1800 Model

      Features gel dispensing printing technology.
      04.01.20


    • Breaking News | Displays and Lighting | Manufacturing | Personnel
      Kateeva Announces Leadership Changes

      Kateeva Announces Leadership Changes

      The new leadership is focused on enabling global customers with advanced technology solutions for OLED display manufacturers.
      03.31.20

    • Breaking News | Displays and Lighting | Flexible and Printed Electronics | Photovoltaics
      OE-A Competition 2020 Winners Announced

      OE-A Competition 2020 Winners Announced

      Competition promotes further development of flexible electronics.
      03.31.20

    • Breaking News | Flexible and Printed Electronics
      Ynvisible, NXN Collaborate on New Electrochromic Colors

      Ynvisible, NXN Collaborate on New Electrochromic Colors

      Ynvisible will utilize NXN’s ECP technology to expand its portfolio of electrochromic inks for printed interactive graphics.
      03.26.20


    • Breaking News | Displays and Lighting | Financial News
      eMagin Corporation Announces 4Q, Full Year 2019 Results

      eMagin Corporation Announces 4Q, Full Year 2019 Results

      Revenue was $7.3 million in the fourth quarter, $26.7 million for full year of 2019.
      03.17.20

    • Breaking News | Displays and Lighting | Electronic Materials | Product Releases
      CYNORA Introduces Fluorescent Blue Emitter

      CYNORA Introduces Fluorescent Blue Emitter

      The launch marks CYNORA’s transition from research and development to commercialization.
      03.03.20

    • Breaking News | Research Reports | Sensors and Wearables
      Global Sensor Market to Reach $287 Billion by 2025: Allied Market Research

      Global Sensor Market to Reach $287 Billion by 2025: Allied Market Research

      Forecasted to grow at a CAGR of 9.5% from 2019 to 2025.
      03.03.20


    • Breaking News | Printed Circuit Boards/Membrane Switches/In Mold Electronics
      Sonoco Acquisition TEQ Thermoform Engineered Quality Rebrands as TEQ

      Sonoco Acquisition TEQ Thermoform Engineered Quality Rebrands as TEQ

      Sonoco completed the acquisition of the global thermoformed packaging manufacturer in January 2020.
      02.28.20

    • Breaking News | Displays and Lighting | Semiconductors and Quantum Dots
      Nanosys Receives DOE BENEFIT Funding Award

      Nanosys Receives DOE BENEFIT Funding Award

      Nanosys is one of five projects selected that support key scientific advancements in solid-state lighting technology.
      02.27.20

    • Breaking News | Displays and Lighting | Electronic Materials
      Universal Display Announces 4Q, Full Year 2019 Financial Results

      Universal Display Announces 4Q, Full Year 2019 Financial Results

      Total revenue in 2019 was $405.2 million compared to $247.4 million in 2018.
      02.25.20

    Trending
    • Global Printed, Flexible, Hybrid, Textile Electronics Community Gathers Online
    • JOLED, LG Collaborate To Deliver Superior Productivity For Creative Professionals
    • Graphene Flagship Launches Redesigned Website
    • Toppan Announces 2050 Environmental Vision
    • Most Intriguing Flexible, Printed Electronics Products Of 2020
    Breaking News
    • Jones Healthcare Group Operating Through Ontario’s New COVID-19 Restrictions
    • JOLED, LG Collaborate to Deliver Superior Productivity for Creative Professionals
    • Toppan Announces 2050 Environmental Vision
    • SOI Industry Consortium Joins SEMI as Strategic Association Partner
    • Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    BGG Obtains U.S. Patent on AstaZine Natural Astaxanthin for Heart Function During Exercise
    Qualitas Health/iwi Raises $10 Million in Investment Round
    Aker BioMarine Expands Krill Portfolio with Novel Protein Hydrolysate
    Coatings World

    Latest Breaking News From Coatings World

    Huntsman Finalizes Acquisition of Gabriel Performance Products
    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FineHeart Successfully Tests Wireless TET System
    Apria Healthcare Settles Whistleblower Lawsuit
    OraSure’s OMNIgene·ORAL Device Included in COVID-19 EUA Amendment
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Valeo Pharma Appoints President, COO
    Metrion, LifeArc Extend Neuroscience Alliance
    Grifols Begins COVID-19 Plasma Treatment Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    JLo Beauty Launches at Sephora & Amazon
    Unilever and Alibaba Group Join Forces
    Redken Unveils Acidic Bonding Concentrate Range
    Happi

    Latest Breaking News From Happi

    A Surge in Interest for Supplements & Vitamins
    Manscaped Expands Further in Europe
    Color Street Gives Back
    Ink World

    Latest Breaking News From Ink World

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Techkon USA, Konica Minolta Partner
    Alon Bar-Shany Appointed Chairman of Highcon Board
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Exhibitor registration opens for virtual.drupa
    FTA planning in-person Forum & INFOFLEX
    Fortis Solutions Group achieves SGP certification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Super Strong Inks Survive Tough Environments
    Ontex Honored for Mask Production
    TFP Acquires PV3 Technologies
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    OrthoPediatrics Expands Agent Network in Three European Countries
    Studies Show FlareHawk Expandable Cage Delivers Favorable Fusion, Patient Outcomes
    Rapid Recovery Protocol Can Lead to Increased Range of Motion After TKA
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login