OLED microdisplay maker eMagin reported its financial results for Q4 2016. Revenues in the fourth quarter were $4.6 million, down 33% from Q4 2015 - mostly because of a decline in sales to maturing US military programs. Net loss for the quarter was $3.5 million (up from $2.1 million in Q4 2015). For the whole year of 2016 revenues were $21.4 million.

eMagin also announced that it signed a multi-million dollar agreement with "another" Tier-1 consumer electronics company - "an easily recognizable one". This is the third such agreement in the past 15 months. eMagin says that the commercial sector will become more important and will start generating revenues in Q1 2017. eMagin is in active discussions with partners to enable the high volume production capabilities required by the commercial market demand. eMagin started producing samples of its 2k x 2k displays and these should enter mass production in Q2 2017.

OLED microdisplay maker eMagin announced that the company started to ship 2k x 2k OLED microdisplays "as part of an agreement with a Tier-One company". This could be the announced first licensee for eMagin's HMD design or this could be a different company. eMagin also announced today that it signed a second partner (or customer?) and expects to sign more such agreements in 2017.

It's not clear whether eMagin is shipping samples or actual volume microdisplays, and whether this Tier-One company is a partner or a customer. We know that AMD is working with eMagin (but I believe that AMD aims to become a foundry for eMagin if/when it needs higher volume). A potential customer is ODG, but ODG is not using eMagin's 2k x 2k OLEDs but rather lower-resolution ones.

eMagin reported the company's financial results for Q3 0216. Revenues were $4.3 million, down 20% from Q3 2015, operating loss was $3.8 million (up from $3.3 million in Q3 2015) - and net loss was $2.4 million (up from $2.2 million in Q3 2015). As of the end of September the company had about $6.9 million in cash and equivalents (down from $9.3 million in the end of 2015).

These are disappointing results, but eMagin says it is making considerable strategic business progress. On the technical side, eMagin is developing direct-patterning micro OLEDs, and expect to complete its development work under the Man Tech program in 2017. Military customers will be offered displays in the second half of 2017. The 2K x 2K full-color OLED microdisplay is also progressing is on schedule to produce engineering samples. Samples will be shipped to customers in the beginning of December.

After years of OLED R&D but no actual reports, Taiwan's Innolux is finally demonstrating its new OLED prototypes, signalling that the company is finally about to re-enter the OLED market. Innolux says that it has recently "achieved success with AMOLED technology" and now plans to continue development and ultimately mass produce AMOLED panels.

In a trade-show in Taiwan, Innolux is demonstrating several OLED prototypes. First up we have a 5.5" WQHD (2560x1440, 534 PPI) flexible AMOLED built on a plastic substrate and an LTPS backplane. The panel has a "proprietary pixel rendering methods" (perhaps PenTile like?) and uses thin-film encapsulation and is produced using an FMM mask (more on this below).

OLED microdisplay maker eMagin reports its financial results for Q2 2016. This was a financially challenging quarter for eMagin, but the company says it is excited about its progress on opportunities in the commercial and consumer markets. Revenues were $5.5 million (down 21% compared to Q2 2015 - mostly due to lower volumes and manufacturing issues that has been resolved). Net loss was $2.2 million (up from $66,000 in Q2 2015).

eMagin XGA096 OLED-XL

At the end of the quarter, eMagin had $6.1 million in cash and equivalents (down from $9.3 million at the end of 2015). The company increased its R&D investments and began to build inventory as it expects to launch two consumer products later this year (more on these below). eMagin expanded its active customer count by 11% since the beginning of 2016 - and it currently has 108 active customers.

eMagin, the OLED microdisplay maker, demonstrated a full-color directly-patterned OLED microdisplay, the first time that such a display prototype has been developed. eMagin's display (called the OLED-ULT) features a high luminance of 4,500 nits and a PPI of 2,645.

eMagin targets VR and AR applications for this high-brightness and high-resolution display, and the company says that the demonstrated generated "tremendous interest", including from some Tier-1 display company representatives.

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).

eMagin XGA096 OLED-XL

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.

Samsung Display recently confirmed that it is still developing large-sized OLED panels, and a couple of weeks ago it was reported that Samsung is discussing a large investment (around $3 billion US) into a new OLED TV panel fab.

New reports from Korea gives more details about Samsung's OLED TV plans. Samsung is actually considering a slightly larger investment - around $3.3 billion in a new fab, with an aim to enable Samsung Electronics to launch OLED TVs by 2018. Samsung is looking to build a Gen-8 (2200x2500 mm, or six 55" panels) fab - and will need to start ordering equipment soon. The new fab will enable Samsung to produce about 495,000 square meters in 2017 (7,500 monthly substrates) and over 2 million square meters in 2018.

During the OLED World Summit, an analyst from UBI gave an interesting presentation, showing the company's view of the current status of the OLED TV industry, and their OLED market forecasts for upcoming years.

So first of all, we have LG and Samsung. LGD has obviously been successful in launching WOLED OLED TVs, and scaling up to mass production has been achieved. LG is also hopeful that solution processing will enable them to produce RGB-structured OLEDs efficiently. LG is collaborating with Merck and Espon on printing technologies.

eMagin, the OLED microdisplay maker, reported their financial results for Q3 2015. Revenues were $5.4 million - down from $7 million in Q2 2015 due to a decrease in both product sales and R&D contract revenue. Net loss was $2.2 million, and eMagin currently has $5.1 million in cash and equivalents.

An eMagin OLED microdisplay

eMagin decreased its revenue guidance for 2015 and now anticipates annual revenues of $24 million or above. A couple of months ago eMagin has entered into an agreement with Craig-Hallum Capital Group that will allow them to raise up to $4.5 million.