• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • 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
      • Suppliers Guide
      • Add Your Company
    • 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 4Q, Full Year 2019 Results

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

    eMagin Corporation Announces 4Q, Full Year 2019 Results
    Related CONTENT
    • eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays
    • eMagin Corporation Announces 2Q 2021 Results
    • eMagin Corporation to Join Russell Microcap Index
    • eMagin Corporation Announces 1Q 2021 Results
    • eMagin Corporation Participating in Display Week 2021
    03.17.20
    eMagin Corporation announced results for fourth quarter and full year 2019.

    “We made significant progress on several fronts in 2019. From an operational perspective, the concerted effort by our entire workforce focused on production improvements and efficiencies, which led to improved manufacturing yields and production throughput as production volumes increased over 50% during the second half of 2019. Our R&D engineers and our manufacturing team have done an outstanding job and are committed to further identifying and implementing improvements to enhance our manufacturing processes,” said CEO Andrew G. Sculley.

    “Our cost reduction efforts which we started in the third quarter and continued into the fourth, resulted in a 21% operating expense reduction on a year-over-year basis,” added Sculley. “The result is that our net loss was $205,000 or essentially break-even on a per share basis in the fourth quarter as compared to a loss of $2.5 million or $0.05 cents per share in the comparable period last year. Although it will take a few more quarters to realize the full benefit of the initiatives being put in place, we are very pleased with the progress we have made to date and our performance in the second half of the year.”

    “From a demand perspective, we also see positive trends. For the fourth quarter, total revenue increased to $7.3 million or 35% over the prior year period. Our contract revenue was more than double from a year ago due to multiple contracts including one for the planned F-35 display improvements and a new project for a consumer electronics customer,” he continued. “We had record bookings in the fourth quarter, exceeding $15 million, which led to a 75% increase in our backlog from the third quarter of 2019.”

    Fourth Quarter Results
    Revenues for the fourth quarter of 2019 were $7.3 million, an increase of $1.9 million from revenues of $5.4 million reported in the prior year period, and a slight decrease of $0.6 million from the third quarter of 2019. Gross margin for the fourth quarter was 36% on gross profit of $2.7 million compared to a gross loss of $0.5 million in the prior year period. Operating loss for the fourth quarter of 2019 was $0.1 million compared to an operating loss of $4.2 million in the prior year period.

    Full Year Results
    Revenues for 2019 were $26.7 million, up 2% from the $26.2 million in 2018. Product revenues totaled $24.6 million, representing a 5% increase from $23.3 million in 2018, due primarily to customer demand coupled with increase in throughput and manufacturing yields. R&D contract revenues totaled approximately $2.1 million as compared to $2.9 million in 2018. Gross margin for 2019 was 25%, compared to 15% in 2018.

    Operating loss for the full year 2019 was $5.6 million versus $11.7 million in 2018. Net loss for the full year 2019 was $4.3 million, or $0.09 per diluted share. This compares to a net loss of $9.5 million or $0.21 per diluted share in 2018.
    Related Searches
    • electronics
    • emagin
    • display
    • LED
    Suggested For You
    eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays
    eMagin Corporation Announces 2Q 2021 Results eMagin Corporation Announces 2Q 2021 Results
    eMagin Corporation to Join Russell Microcap Index eMagin Corporation to Join Russell Microcap Index
    eMagin Corporation Announces 1Q 2021 Results eMagin Corporation Announces 1Q 2021 Results
    eMagin Corporation Participating in Display Week 2021 eMagin Corporation Participating in Display Week 2021
    NordicNeuroLab Selects eMagin NordicNeuroLab Selects eMagin's AMOLED Microdisplays for Functional Brain Imaging Application
    eMagin Corporation Announces 4Q, Full-Year 2020 Results eMagin Corporation Announces 4Q, Full-Year 2020 Results
    eMagin Awarded New Patent for dPd Direct Patterning OLED Microdisplay Technology eMagin Awarded New Patent for dPd Direct Patterning OLED Microdisplay Technology
    eMagin Corporation Announces Reseller Agreement With Bild Innovative Technology eMagin Corporation Announces Reseller Agreement With Bild Innovative Technology
    eMagin Expanding New York Manufacturing Facility eMagin Expanding New York Manufacturing Facility
    eMagin Corporation Announces 3Q 2020 Results eMagin Corporation Announces 3Q 2020 Results
    eMagin Presenting at OLED World Summit, Bay Area Society for Information Display eMagin Presenting at OLED World Summit, Bay Area Society for Information Display
    eMagin Board Director Named to 2020 National Association of Corporate Directorship 100 eMagin Board Director Named to 2020 National Association of Corporate Directorship 100
    eMagin Announces 2Q 2020 Results eMagin Announces 2Q 2020 Results
    eMagin Corporation Announces $33.6 Million Investment by Department of Defense eMagin Corporation Announces $33.6 Million Investment by Department of Defense

    Related Breaking News

    • Breaking News | Displays and Lighting | Manufacturers News
      eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays

      eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays

      eMagin to expand its US-based workforce by 10% over the duration of the contract.
      09.16.21

    • Breaking News | Displays and Lighting | Manufacturers News
      eMagin Corporation Announces 2Q 2021 Results

      eMagin Corporation Announces 2Q 2021 Results

      Company continues to grow ENVG-B night vision, medical and international programs.
      08.13.21

    • Breaking News | Displays and Lighting | Manufacturers News
      eMagin Corporation to Join Russell Microcap Index

      eMagin Corporation to Join Russell Microcap Index

      FTSE Russell determines membership on an annual basis by objective, market-capitalization rankings and related criteria.
      06.15.21


    • Breaking News | Displays and Lighting | Financial News | Suppliers News
      eMagin Corporation Announces 1Q 2021 Results

      eMagin Corporation Announces 1Q 2021 Results

      First quarter revenue of $6.8 million on diversified product sales.
      05.17.21

    • Breaking News | Displays and Lighting
      eMagin Corporation Participating in Display Week 2021

      eMagin Corporation Participating in Display Week 2021

      Will participate in three virtual events. Speakers include CEO Andrew Sculley.
      05.11.21

    Loading, Please Wait..
    Trending
    • Flexible And Printed Electronics Among CES 2023 Highlights
    • STMicroelectronics Reports Q4, FY 2022 Financial Results
    • Siman Group Partners With SML To Unlock Full Retail Potential With RFID
    • Toppan Launches Sales Of Eco-Friendly NFC Tag Label With Paper-Based Antenna Substrate
    • Grønn elektronikk på LOPEC 2023: «Vi hjelper bransjen med å ta de riktige beslutningene» | Trykt elektronikk nå
    Breaking News
    • Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    • Celanese Launches Nine New Conductive Inks
    • NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space
    • LG Display Reports Fourth Quarter 2022 Results
    • STMicroelectronics Reports Q4, FY 2022 Financial Results
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • 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

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Alix Earle, Jonathan Monroe Are Fast-Growing Beauty Influencers on Instagram
    Fragrance Creators Launches First-of-its-Kind Data Insights Program
    The Lip Bar Enters the Skin Care Category with First-Ever Skincare Collection
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Label industry mourns CCL's Alan Horn, Baldwin focuses on narrow web and more
    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Typar Highlighting New Building Innovations
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 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