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Emagin Corporation  (EMAN)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $2.0700 $0.06 2.985%
Day's High: $2.08 Week Perf: 5.08 %
Day's Low: $ 2.07 30 Day Perf: 4.55 %
Volume (M): 3,585 52 Wk High: $ 2.08
Volume (M$): $ 7,421 52 Wk Avg: $1.99
Open: $2.07 52 Wk Low: $1.89



 Market Capitalization (Millions $) 172
 Shares Outstanding (Millions) 83
 Employees 100
 Revenues (TTM) (Millions $) 27
 Net Income (TTM) (Millions $) -13
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 2

Emagin Corporation

We are a leader in the manufacture of microdisplays using organic light emitting diode (OLED) technology. We design, develop, manufacture and market OLED miniature displays, which we refer to as OLED-on-silicon microdisplays, virtual imaging products that utilize OLED microdisplays, and related products. We also perform research in the OLED field. Our virtual imaging products integrate OLED technology with silicon chips to produce high-resolution microdisplays which, when viewed through a magnifying headset, create virtual images that appear comparable in size to that of a computer monitor or a large-screen television. Our products enable our original equipment manufacturer (OEM) customers to develop and market improved or new electronic products, especially products that are mobile and highly portable so that people have immediate access to information and can experience immersive forms of communications and entertainment. We believe that a key growth area for us is the consumer electronic OEM market. Our potential channels to this market include licensing our direct patterning technology and partnering for the mass production of microdisplays. We believe that our direct patterning (dPd) technology is a key differentiator for enabling next generation augmented reality/virtual reality AR/VR hardware for the consumer and enterprise segments because of the brightness and the pixel density afforded by the technology. We also develop and manufacture night vision products for the consumer electronics, recreational, law enforcement and first responder markets, including a smart phone attachment and a wearable device.

We believe that our OLED microdisplays offer a number of significant advantages over comparable liquid crystal microdisplays, including higher contrast, greater power efficiency, less weight, more compact size, and negligible image smearing. Using our active matrix OLED technology, many computer and electronic system functions can be built directly into the OLED microdisplay silicon backplane, resulting in compact, high resolution and power efficient systems. Already proven in military and commercial systems, our product portfolio of OLED microdisplays deliver high-resolution, flicker-free virtual images that perform effectively even in extreme temperatures and high-vibration conditions. We also believe that our direct patterning technology gives us a substantial advantage over other OLED microdisplays because it allows us to produce microdisplays with the high brightness required for VR and AR. Traditional OLED microdisplays utilize white emitting OLED with color filters that lessen the intensity of emitted light by as much as 85%, significantly reducing brightness. Microdisplays manufactured by direct patterning do not require color filters to achieve color variations and allow for the application of more efficient OLED structures which achieve high brightness.

We have developed our own intellectual property portfolio that includes 34 U.S. patents and 28 U.S. patent applications, over 15 years of manufacturing know-how and proprietary technologies to create high performance OLED microdisplays. We believe our technology, intellectual property portfolio and position in the marketplace give us a leadership position in OLED and OLED-on-silicon microdisplay technology. We believe that we are one of only a few companies to market and produce significant quantities of high resolution, small molecule OLED-on-silicon microdisplays.

We derive the majority of our revenue from sales of our OLED microdisplay products. We also earn revenue from commercial and consumer product and government development contracts that may complement and support our internal research and development programs. In addition, we generate sales from optics and microdisplays combined with optics. Beginning in the first quarter of fiscal 2017, we introduced two consumer night vision products, BlazeSpark and BlazeTorch, although revenue from these products to date has been minimal as ongoing development of these products continues.

We were formed through the merger of Fashion Dynamics Corporation, which was organized on January 23, 1996 under the laws of the State of Nevada, and FED Corporation, a developer and manufacturer of optical systems and microdisplays for use in the electronics industry. Simultaneous with this merger, we changed our name to eMagin Corporation. We are incorporated in the state of Delaware.

A microdisplay generally has a screen size that is less than two inches in diagonal. The miniature size enables them to be used in a wide variety of applications that require a screen that takes up small space, such as head-mounted displays (HMDs) and viewfinders of digital cameras. Microdisplays are used across various industries including consumer electronics, enterprise/industrial, military, defense, aerospace, and healthcare. Microdisplays provide many advantages over other displays where small size is a requirement. Benefits include compact size, high brightness and resolution, low power consumption, and high contrast. Devices incorporating microdisplays include HMDs, smart glasses and headset products.

Our microdisplays are currently based upon active matrix small molecule OLED technology, which we refer to as active matrix OLED (AMOLED). Our AMOLED technology uniquely permits millions of individual low-voltage light sources to be built on low-cost, silicon computer chips to produce single color, white or full-color display arrays. Using our OLED technology, many computer and video electronic system functions can be built directly into the silicon chip, under the OLED film, resulting in a compact, integrated system with lower overall system costs relative to alternative technologies.

OLEDs are thin films of stable organic materials that emit light of various colors when a voltage is impressed across them. OLEDs are emissive devices, which means that they create their own light, as opposed to liquid crystal displays, which require a separate light source. As a result, our OLED microdisplays use less power and deliver much higher contrast and fuller color than liquid crystal microdisplays. Unlike liquid crystal displays which use crossed polarizers to generate black level, OLED displays exhibit an extremely high contrast ratio which results in very vivid images. Because the light they emit is Lambertian, which means that it appears equally bright from most forward directions, a moderate movement in the eye does not change the image brightness or color as it does in other technologies.

Our technology is based on integrating a proprietary OLED device with a specially designed silicon backplane to produce efficient and high performance AMOLED microdisplays. Our OLED displays incorporate a proprietary, top-emitting structure for our OLED devices that enables OLED displays to be built on opaque silicon integrated circuits rather than only on glass. Our OLED microdisplays emit full visible spectrum (white) light that is isolated with color filters to create color images. Our microdisplays have a brightness that can be greater than that of a typical notebook computer and can have a potential useful life of over 50,000 operating hours in certain applications. New processes and device improvements, such as our OLED-XLS technology, offer even better expected performance for brightness, efficiency, and lifespan. We have developed extremely bright OLED microdisplays using our patented dPd technology and have demonstrated color high resolution 2K x 2K and WUXGA microdisplays with brightness in excess of 5,000 nits, which we believe is the world’s highest resolution and brightness. In addition to our AMOLED technology, we have developed compact optic and lens enhancements, which when coupled with the microdisplay, provide the high quality large screen appearance that we believe a large proportion of the marketplace demands.

We believe that our AMOLED technology provides significant advantages over other microdisplay technologies in our targeted markets. We believe these key advantages include:

High brightness

Sharp contrast

Low power consumption for improved battery life and longer system life;

High-speed performance resulting in clear video images;

Compact form factor and light weight;

Wide angle light emission resulting in large apparent screen size and more immersive experience;

Wide operating temperature range;

Good environmental stability (vibration and humidity); and

Anticipated low manufacturing cost at higher volumes.

Prism Optics

We sell high quality, large viewing angle prism optics with a wide range for eye positioning, both of which are essential for using our displays in immersive near-eye systems. We have developed advanced molded plastic prism lenses that permit our AMOLED microdisplays to provide -realistic images that can be viewed for extended periods with reduced eye-fatigue. We have developed an additional prism optic for a project that will pair with our SXGA096 display.



   Company Address: 700 South Drive Hopewell Junction 12533 NY
   Company Phone Number: 838-7900   Stock Exchange / Ticker: NYSE EMAN
   


Customers Net Income grew by EMAN's Customers Net Profit Margin grew to

15.93 %

13.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
KOPN        23.86% 
LEDS        1.49% 
AYI        2.5% 
BRKA        2.5% 
BWA        5.38% 
EME        3.47% 
• View Complete Report
   



Emagin Corporation

Emagin Corporation's Profitability Takes a Devastating Hit in Q2 2023 Earnings Season

Emagin Corporation, a leading provider of OLED microdisplays and virtual imaging technologies, recently released its financial results for the second quarter of the 2023 earnings season. The company reported a significant increase in its deficit per share compared to the previous year and the preceding reporting season. This news came as a surprise to investors and industry analysts.
In terms of earnings per share, Emagin Corporation's deficit skyrocketed from $0.02 per share a year ago to $0.13 per share in the latest quarter. This represents a considerable decline in the company's financial performance. Additionally, the deficit increased from $0.03 per share in the preceding reporting season. These numbers highlight the challenges that Emagin Corporation is currently facing in terms of profitability.

Emagin Corporation

Revitalizing Potential: Emagin Corporation's Journey Towards Financial Growth2. Navigating Challenges: Emagin Corporation's Path to Resilience and Success

While Emagin Corporation recorded a loss of $-4 million over the past 12 months, there are still reasons to keep a positive outlook on the company's future. The Semiconductors industry has experienced growth in the income per employee of 60 other companies, showing that there is still room for Emagin to improve. Although the company's overall ranking has slipped from 1198 to 1504 compared to the fourth quarter of 2022, it's important to remember that rankings fluctuate frequently and should not be taken as a definitive indicator of a company's healthLooking closer at Emagin's financials, it's clear that there is still work to be done. The company reported a loss of $-0.03 per share in the most recent fiscal period, compared to no loss per share the year before and in the prior financial reporting period. Additionally, revenue decreased by -10.37% from $7.36 million to $6.60 million in the comparable financial reporting period a year before and sequentially decreased by -21.423% from $8.39 million. These numbers may seem concerning, but they also suggest that Emagin is taking steps to reduce its losses and improve its financial performance.
It's worth noting that Emagin Corporation is expected to report its next financial earnings on August 10, 2023. This provides an opportunity for investors to keep a close eye on the company's progress and assess its future prospects. Emagin has faced challenges, but the Semiconductors industry remains a crucial component of the global economy and one with significant growth potential. With a focused approach and willingness to adapt, there is reason to believe that Emagin can turn its fortunes around and become a stronger player in the market.
In conclusion, while Emagin Corporation's recent financial performance may not look impressive on paper, there is still cause for optimism. Investors should be aware of the challenges the company faces, but they should also recognize the potential for growth and improvement. By keeping an eye on Emagin's upcoming earnings report and monitoring industry trends, investors can better judge the company's prospects and make informed decisions that benefit themselves and the market as a whole.






 

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