OLED microdisplay maker eMagin reported its financial results for Q3 2019. Revenues were $7.9 million (up from $6.9 million a year ago) and operating loss was $0.4 million (down from $1.3 million in Q3 2018).
eMagin says that these financial results present a significant improvement, with the second highest quarter revenues in the Company's history. The company demonstrated significant improvement in yield and throughput as production volumes increased over 50% from the second quarter.
eMagin says demand for its OLED microdisplays for the defense sector continues to to be strong - and the company has received orders and is supplying OLED microdisplays for the F-35 program's Generation-3 helmet. eMagin is also enjoying its entrance into the medical industry with new orders and customers.
The company is on target to achieve 10,000 units by Q2 2020, and aims to reach over 25,000 nits within 3 years - this high level of brightness is being requested within the US military and eMagin is pursuing government funding as part of this effort.
Disclosure: the author of this post holds some shares in eMagin