eMagin reported their financial results for Q3 2013. Revenues were $6.3 million (down from $7.5 in Q3 2012). Net less (pre-tax) was $1 million. The company has no debt and about $13.1 million in cash.

eMagin XGA096 OLED-XL photoeMagin XGA096 OLED-XL

The SNU deposition tool still has issues. During October they had a vacuum leak which required a new part. Now the company expects yield improvement. In fact, just a few days ago (November 11) they ran a significant number of wafers through the tool and it is outpacing the old Satella and eMagin's plan.

The company expects 2013 revenues to be similar to revenues in 2012 (which was $30.6 million), but they expect to resume revenue growth in 2013. The order backlog is currently at about $14.3 million.

Regarding the camera XGA EVF, eMagin says taht a large camera maker is interested in this, for a camera that will be launched in 2014. This seems to be a different project than was previously discussed - so it's likely that eMagin did not get that previous project.

Disclosure: the author of this post holds shares in eMagin

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