• 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
      • 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 2020 Results

    Reports full-year revenue of $29.4 million, strong backlog of open orders of $12.2 million.

    eMagin Corporation Announces 4Q, Full-Year 2020 Results
    Related CONTENT
    • The 2021 Conductive Ink Market
    • SEMI: North American Semiconductor Equipment Posts $3.65 Billion in Billings in August 2021
    • Jabil Board of Directors Appoints CEO Mark Mondello as Chairman of the Board
    • Sensirion Acquires Machine Diagnostics Start-up AiSight
    • Flex Joins World Economic Forum
    03.22.21

    Armed with higher sales for 2020 and a solid backlog of orders heading into 2021, eMagin Corporation announced fourth-quarter and full-year results for 2020.

     

    eMagin reported that fourth-quarter revenues were $7.7 million, compared with $7.3 million in the prior-year period. Contract revenues were $1.5 million, compared with $0.5 million a year ago, reflecting continued Direct Patterning Display (dPd) development work for tier-one consumer companies. Fourth-quarter 2020 display sales totaled $6.2 million, compared with sales of $6.8 million a year ago, reflecting the timing of certain orders with large military customers.

     

    Full-year revenues increased to $29.4 million, compared with $26.7 million in the prior year, reflecting increases in both product and contract revenues. Higher contract revenues of $4.4 million in 2020 primarily reflect development work for a tier-one consumer company for an advanced display design and proof of concept for a consumer AR/VR device.

     

    Net loss for the fourth quarter of 2020 was $3.7 million, or $0.05 per share, compared with a loss of $0.2 million, or $0.00 per share, in the same period of 2019. Adjusted EBITDA for the fourth quarter was negative $1.7 million, compared with $0.4 million in the prior-year period.

     

    Operating loss for 2020 was $6.9 million, versus $5.6 million in 2019. Net loss for 2020 was $11.4 million, or $0.19 per diluted share. This compares to a net loss of $4.3 million, or $0.09 per diluted share, in 2019.

     

    "In 2020, thanks to the courage and tireless efforts of our employees, we moved forward on several initiatives while increasing revenues, despite unfavorable conditions brought on by the pandemic," said eMagin CEO Andrew G. Sculley. "Last year, we announced the award of more than $39 million in government funding for the purchase of factory equipment to protect and enhance our ability to manufacture in our Hopewell Junction facility and we are proud to be the only US manufacturer of OLED microdisplays. We are on track with the program requirements and appreciate the support of the US military in helping to protect our vital US production line and the manufacturing jobs we provide."

     

    "In December, we signed a long-term lease at our Hopewell Junction facility, and increased our manufacturing footprint by more than 25% to accommodate the new equipment and cleanroom funded by the US Department of Defense,” Sculley added.

     

    "In the fourth quarter, we had strong bookings of $8.3 million, which led to a 22% increase in our backlog from the third quarter of 2020," said Mark Koch, the company's acting CFO. "During the fourth quarter, we received significant orders from night vision, eye care and veterinary customers. As of Dec. 31, 2020, our backlog of open orders was $12.2 million, including $10.9 million scheduled for delivery through Dec. 31 of this year."

     

    "Overall, we continue to see strong interest in our high-brightness dPd technology and believe it to be the best display solution for AR/VR applications. We are making steady progress in developing our dPd technology and are targeting an initial brightness of 10,000 cd/m2 for the high-resolution prototypes we are producing for tier-one consumer companies,” Sculley added.

    Suggested For You
    The 2021 Conductive Ink Market The 2021 Conductive Ink Market
    SEMI: North American Semiconductor Equipment Posts $3.65 Billion in Billings in August 2021 SEMI: North American Semiconductor Equipment Posts $3.65 Billion in Billings in August 2021
    Jabil Board of Directors Appoints CEO Mark Mondello as Chairman of the Board Jabil Board of Directors Appoints CEO Mark Mondello as Chairman of the Board
    Sensirion Acquires Machine Diagnostics Start-up AiSight Sensirion Acquires Machine Diagnostics Start-up AiSight
    Flex Joins World Economic Forum Flex Joins World Economic Forum
    eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays eMagin Finalizes $33.6 Million US DoD Contract for OLED Microdisplays
    Metalcraft Launches Inlay Innovation for RFID Inlay Design, Fabrication Metalcraft Launches Inlay Innovation for RFID Inlay Design, Fabrication
    CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production
    Universal Display Achieves ISO 45001:2018 Certification Universal Display Achieves ISO 45001:2018 Certification
    ASSA ABLOY to Acquire HHI Division of Spectrum Brands ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    Applied Materials Develops New Technologies for Silicon Carbide Chipmakers Applied Materials Develops New Technologies for Silicon Carbide Chipmakers
    Powercast’s RF Wireless Power Technology Awarded for Global Sustainability Powercast’s RF Wireless Power Technology Awarded for Global Sustainability
    LG Display to Showcase Transparent OLED Display at IAA 2021 in Munich LG Display to Showcase Transparent OLED Display at IAA 2021 in Munich
    NREL Launches Nonprofit Foundation to Fund Research, Scholarships NREL Launches Nonprofit Foundation to Fund Research, Scholarships
    Heliatek Heads to Big 5 Solar Heliatek Heads to Big 5 Solar

    Related Features

    • Conductive Inks and Coatings | Flexible and Printed Electronics | Manufacturers News | Photovoltaics | Printed Circuit Boards/Membrane Switches/In Mold Electronics | Sensors and Wearables | Smart Cards and Packaging | Suppliers News
      The 2021 Conductive Ink Market

      The 2021 Conductive Ink Market

      The conductive ink industry is growing with new applications on the horizon, but silver prices remain a concern.
      David Savastano, Editor 09.22.21

    • Breaking News | Research Reports | Semiconductors and Quantum Dots

      SEMI: North American Semiconductor Equipment Posts $3.65 Billion in Billings in August 2021

      The billings figure is 5.4% lower than final July 2021 billings of $3.86 billion and 37.6% higher than August 2020 billings of $2.65 billion.
      09.22.21

    • Breaking News | Contract Manufacturing/Printing | Flexible and Printed Electronics | Manufacturers News
      Jabil Board of Directors Appoints CEO Mark Mondello as Chairman of the Board

      Jabil Board of Directors Appoints CEO Mark Mondello as Chairman of the Board

      Tim Main to retire on Nov. 1, 2021 after 22 years of board service for Jabil.
      09.21.21


    • Breaking News | Manufacturers News | Mergers and Acquisitions | Sensors and Wearables
      Sensirion Acquires Machine Diagnostics Start-up AiSight

      Sensirion Acquires Machine Diagnostics Start-up AiSight

      AiSight’s technology enables manufacturing companies to reduce unplanned downtime and to optimize production process quality.
      09.20.21

    • Breaking News | Contract Manufacturing/Printing | Flexible and Printed Electronics | Manufacturers News
      Flex Joins World Economic Forum

      Flex Joins World Economic Forum

      CEO Revathi Advaithi now a member of the Alliance of CEO Climate Leaders.
      09.17.21

    Breaking News
    • ams OSRAM Introduces New Horticulture LEDs
    • Avery Dennison Launches AD Twist U7XM Inlays
    • ARPA-E Funding Drives Innovation, Industry Partnerships at NREL
    • InnovationLab Acquires Flexible Printed Battery Technology from Evonik
    • Canatu Receives IATF 16949:2016 Certification
    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

    Thorne Relaunches Gut Health Test with Microbiome Wipe
    Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
    GC Rieber Foundations Expand Philanthropic Efforts
    Coatings World

    Latest Breaking News From Coatings World

    ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations
    Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection
    Sto Corp. Recognized with Multiple Honors at the EIFS Hero Awards
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Medtronic, DaVita to Create New Kidney Care Firm
    OmniGuide's RevoLix HTL Hybrid Thulium Laser OK'ed for BPH and Stone Treatments
    In Vitro Diagnostic Medical Devices Regulation Takes Effect
    Contract Pharma

    Latest Breaking News From Contract Pharma

    DFE Pharma Opens India CoE for Fast-Track Formulation Services
    Helsinn Establishes New R&D Hub in the U.S.
    CureVac, myNEO Partner on Antigen Targets for mRNA-Cancer Vax Development
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Carlyle To Acquire HCP Packaging
    Estée Lauder Companies Faces Class Action Lawsuit
    La Roche-Posay Launches Matte Moisturizer for Oily Skin
    Happi

    Latest Breaking News From Happi

    Women in Flavor and Fragrance Present 2022 Recognition Awards Dinner June 16
    Univar Expands Distribution Agreement with ANGUS Chemical Company
    Acme-Hardesty Passes Responsible Distribution Verification
    Ink World

    Latest Breaking News From Ink World

    NAPIM’s Virtual Digital & Emerging Technologies Conference is Back, June 14–15, 2022
    CEMATEX Introduces Online Business Platform to Connect Global Textile Community
    PICO Chemical Celebrates 46 Years
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Teklynx software helps Top Clean Injection validate labels
    Zeller+Gmelin named Berry Global’s 2021 Ink Supplier of the Year
    Videojet and Loftware partner to accelerate labeling automation
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Rael Raises $35M in Series B Funding
    Schobertechnologies Offers Rotary Web-fed Converting Solutions
    Thorne Relaunches Gut Health Test with Microbiome Wipe
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ManaMed's ManaSport Wearable Ultrasound Earns FDA Nod
    Ekso Bionics Names Jerome Wong as Interim CFO
    Exactech Completes First Surgeries Using Next-Gen Cage Glenoid
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    ams OSRAM Introduces New Horticulture LEDs
    Avery Dennison Launches AD Twist U7XM Inlays
    ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

    Copyright © 2022 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