OLED microdisplay maker eMagin reported its financial results for Q1 2019. Revenues were $6.1 million (down from $6.1 million in Q1 2018) and net loss was $1.4 million (down from $2.1 million in Q1 2018). At the end of the quarter, eMagin had $3.5 million in cash and equivalents (before its latest financing round).
Regarding its consumer business, eMagin updates that it successfully processed the first 4k x 4k wafers for its Tier-1 consumer electronics partner and has confirmed its ability to develop a large-area silicon OLED microdisplay with no visible non-uniformity. It plans to finalize the first full-color prototypes in Q3 2019.
eMagin made several architectural improvements for its direct-patterned (dPd) OLED microdisplay and incorporated superior performing OLED materials - which will improve the efficiency and lifetime of these displays.
Disclosure: the author of this post holds some shares in eMagin
