eMagin Corporation (EMAN) has seen a push of 21.3% in the aftermarket despite any official news. However, the last trading session closed at $1.08 with an increase of 2.86%.
About EMAN
For world-class customers in the government, consumer, medical, and industrial areas, eMagin is the pioneer in OLED microdisplay technology. This allows the presentation of digital information and imagery. Furthermore, EMAN develops, engineers, and produces future display technologies, and it is the sole OLED display manufacturer in the US. Lastly, microdisplays from eMagin are used in AR/VR, aviation helmets, heads-up display systems, thermal scopes, night vision, future armaments, and a number of other uses since 2001.
Fourth Quarter Results – What’s up?
EMAN announced fourth-quarter results on 20th January 2022. The company recorded net revenue in the range of $6.8 million and $7.0 million. Moreover, the contract revenue was $0.2 million, and EMAN plans to complete the year with a positive fourth-quarter book-to-bill ratio on robust fourth-quarter bookings that topped $7.1 million, setting the firm well for the year ahead. Last but not the least, they are actively exploring numerous additional initiatives, and the core military business is benefiting from a ramp-up in the volume of the existing programs.
Now what?
The forecast fourth-quarter revenue growth in 2021 reflects continuous improvements in the manufacturing yields, production throughput, and overall operating effectiveness. Furthermore, the predicted drop in contract income was mostly attributable to the timing of certain development work. eMagin is still working on this project and expects to earn money from this customer.
EMAN proceeds to have ongoing discussions with customers about a variety of customer, manufacturing, and control systems. And the company expects a positive response from industry analysts and trade media for more than 10,000 cd/m2 Direct Patterning Display prototypes. On the fourth-quarter conference call in March, EMAN looks forward to providing further information on the product plan and fourth-quarter performance.
