eMagin, the OLED microdisplay maker, reported their financial results for Q1 2015 - the company generated $6 million in revenue (down from $6.3 from last year) and with higher gross margin and lower expenses, they managed to turn a profit of $300K - after seven quarters of operating losses.

eMagin XGA096 OLED-XL photoeMagin XGA096 OLED-XL

eMagin started to ship their ultra high brightness WUXGA displays, and also started to ship VGA displays globally (these are eMagin's lowest cost displays ever). eMagin also reports advances in direct-patterned OLEDs, and they completed development of its recently announced microdisplay-based HMD and demonstrated it to potential customers.

eMagin has about $6.7 million in cash or equivalents, and they forecast revenues in 2015 to be in the range of $26 million to $29 million.

Sources: Seeking Alpha



Disclosure: the author of this post holds shares in eMagin

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