OLED microdisplay maker eMagin reported its financial results for Q4 2019. Revenues were $7.3 million (up 35% from Q4 2018), and the net loss was $0.2 million (down from $2.4 million in Q4 2018).
The company's booking in Q4 2019 were a record for eMagin, exceeding $15 million. The company received 80 orders and it has started a new consumer-related AR development project for a next-generation display for a Tier-1 customer.
eMagin is still on target to achieve 10,000 nits by Q3 2020 for its direct emission displays, and over 25,000 nits within 3 years - this high level of brightness is being requested within the US military and eMagin is pursuing government funding as part of this effort.
Disclosure: the author of this post holds some shares in eMagin