eMagin, the OLED microdisplay maker, reported financial results for Q4 2015. Revenues were $6.7 (the same as in Q4 2014) and net loss was $2.1 million (up from a loss of $1.6 million in Q4 2014). The company currently has $9.3 million in cash and equivalents (up from $6 million at the end of 2014).
For the whole year of 2015, eMagin reports revenues of $25.1 million (down from $25.7 million in 2014). Net loss was $4.1 million (down from $5.3 million in 2014).
Looking forward, eMagin's CEO is optimistic - the company sees a growth in the US defense budget for 2016 and 2017 and it recently signed several new design wins with military customers.
eMagin also looks forward to continue advancing in the VR/AR consumer markets - and the company reports that seven companies were provided with sample microdisplays for AR and VR headsets. eMagin already has one VR customer that licensed the technology back in January 2016, and now reveals that the $1 million license was for the headset design, not the display. The license deal includes a commitment to buy eMagin's OLED microdisplays.
Regarding direct patterning, the company continues its R&D efforts, and now estimates that they will be in manufacturing readiness in 2017.
Disclosure: the author of this post holds shares in eMagin