eMagin reports financial results for Q3 2016, launches two consumer night-vision products

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.

Innolux shows new rigid and flexible OLED prototypes, aims to mass produce AMOLEDs

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).

eMagin reports its Q2 2016 results, excited about its consumer and commercial opportunities

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 photoeMagin 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 demonstrates a full-color directly-patterned OLED microdisplay

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 reports Q4 2015 financial results

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 photoeMagin 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.

A new report sheds more light on Samsung's upcoming OLED TV fab

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.

UBI explains their views of the OLED TV industry, gives bullish OLED market forecasts

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.

UBI OLED TV industry status update (Nov 2015)

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 reports their financial results for Q3 2015, updates on direct-emission displays and AR/VR efforts

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.

OLED-Info interviews LG Display on the company's latest OLED development and long-term goals

LG Display is one of the two companies that lead the OLED industry, and the Korean display maker recently announced a major shift in focus from LCD displays to OLEDs. We conducted a short interview with an official from LGD regarding the company's OLED business goals and aims.

LGD 111'' double-sided OLED wave (IFA 2015)

Q: LGD's CEO recently gave a very exciting speech regarding OLEDs, as the company shifts its focus towards OLEDs. What made you take that decision? How do you see the OLED TV market evolving in the next few years?

Market competition is getting fiercer with Chinese manufacturers rapidly catching up in terms of technology and capacity. In response, we recognize that differentiation in product and technology is essential to growth and maintaining leadership in the display industry.

IHS sees the AMOLED material market growing from $658 in 2015 to $2 billion in 2019

IHS says that AMOLED material consumption will increase dramatically starting in the second half of 2015 as LG Display increase WRGB (WOLED) OLED TV panel production. The market will more than threefold - reaching $165 million in H2 2015, up from $58 million in H1.

IHS AMOLED material demand (2014-2019)

IHS forecasts that the WOLED material market will grow at a compound annual growth rate (CAGR) of 79% from 2014 to 2019, to reach over $1.25 billion. The whole AMOLED materials market will grow at 54%, from $658 million in 2015 to $2 billion in 2019 (at a CAGR of 37%).

Kyulux - Hyperfluoresence OLED emittersKyulux - Hyperfluoresence OLED emitters