OLED microdisplay maker eMagin reported its financial results for Q4 2016. Revenues in the fourth quarter were $4.6 million, down 33% from Q4 2015 - mostly because of a decline in sales to maturing US military programs. Net loss for the quarter was $3.5 million (up from $2.1 million in Q4 2015). For the whole year of 2016 revenues were $21.4 million.
eMagin also announced that it signed a multi-million dollar agreement with "another" Tier-1 consumer electronics company - "an easily recognizable one". This is the third such agreement in the past 15 months. eMagin says that the commercial sector will become more important and will start generating revenues in Q1 2017. eMagin is in active discussions with partners to enable the high volume production capabilities required by the commercial market demand. eMagin started producing samples of its 2k x 2k displays and these should enter mass production in Q2 2017.