OLED microdisplay maker eMagin reported its preliminary financial results for Q4 2022 - the company expects revenues to be in the range of $8.1-8.3 million, up from $7.2 million in Q4 2021. The company says this was a positive quarter with strong bookings. The company's open order backlog at the end of 2022 was $16.7 million.
eMagin says that this was its fifth consecutive quarter in which it achieved year-over-year growth in product revenue. The company was cashflow positive in the quarter and now has $4.2 million in cash and equivalents. eMagin expects the delivery of an advanced, production-capable, dPd organic deposition tool in the second quarter of 2023.
Disclosure: the author of this post holds shares in eMagin