OLED microdisplay maker eMagin reported its financial results for Q1 2018 - revenues reached $6.9 million (up 13% from Q1 2017) and the net loss was $2.1 million (up slightly from $2.1 million in Q1 20170. At the end of the quarter, eMagin had $9.8 million in cash and equivalents.
eMagin says that it experiences a "notable upswing" in its business with a 20% increase in its backlog to $11.8 million from the end of 2017.
eMagin reports that the design of its next-generation 120Hz 4k x 4k microdisplay is on track and going well, and is looking to start producing prototypes for customers by the end of 2018 or early 2019.
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Posted: May 13,2018 by Ron Mertens
