OLED microdisplay maker eMagin announced its preliminary financial results for the 2nd quarter of 2022. The company says it expects revenues to grow 11-14% compared to Q2 2022, to reach $7 to $7.2 million.
eMagin says that its strong performance was due to strength in its military business, as well as increased demand from medical companies. The strong sales were partially offset by a decrease in contract revenues. As of June 30, 2022, the Company’s backlog of open orders was $14.3 million, including $12.8 million of orders that were shippable within 12 months.
Posted: Jul 21,2022 by Ron Mertens
