07.21.22
eMagin Corporation announced its preliminary revenues for the second quarter of 2022 and sales backlog as of June 30, 2022.
The company currently estimates revenues in the second quarter of 2022 will be between $7 million to $7.2 million, which would represent an 11% to 14% increase from revenues of $6.3 million for the second quarter of 2021. The estimated improvement in year-over-year revenues reflects strength in military demand as well as increased revenue contributions from medical customers, partially offset by decreases in contract revenue related to the timing of development activities.
As of June 30, 2022, the company’s backlog of open orders was $14.3 million, including $12.8 million of orders that were shippable within 12 months.
"As we expected, our display sales increased during the second quarter of 2022, reflecting strong military shipments and increased veterinary and surgical revenues," said Andrew Sculley, president and CEO of eMagin. "Our total backlog of $14.3 million reflects continued strength in military markets and compares favorably to the prior year's backlog of $10.3 million. We look forward to sharing additional details of our second quarter results on our quarterly conference call in August."
The company currently estimates revenues in the second quarter of 2022 will be between $7 million to $7.2 million, which would represent an 11% to 14% increase from revenues of $6.3 million for the second quarter of 2021. The estimated improvement in year-over-year revenues reflects strength in military demand as well as increased revenue contributions from medical customers, partially offset by decreases in contract revenue related to the timing of development activities.
As of June 30, 2022, the company’s backlog of open orders was $14.3 million, including $12.8 million of orders that were shippable within 12 months.
"As we expected, our display sales increased during the second quarter of 2022, reflecting strong military shipments and increased veterinary and surgical revenues," said Andrew Sculley, president and CEO of eMagin. "Our total backlog of $14.3 million reflects continued strength in military markets and compares favorably to the prior year's backlog of $10.3 million. We look forward to sharing additional details of our second quarter results on our quarterly conference call in August."