eMagin Corporation Provides Update On Positive Fourth Quarter 2019 Financial Trends and Announces Management Changes
eMagin Corporation (EMAN)
NASDAQ:AMEX Investor Relations:
ir.emagin.com/investor-overview
Company Research
Source: Business Wire
HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--eMagin Corporation, or the “Company,” (NYSE American: EMAN) a leader in the development, design and manufacture of high resolution micro OLED displays for virtual and augmented reality solutions, today announced preliminary revenues for the fourth quarter of 2019 and 2019 year-end backlog.The Company currently estimates revenues in the fourth quarter are to be in a range between $7.1 million and $7.3 million, representing a 31% to 34% increase compared to the fourth quarter of 2018. The revenue growth reflects increased demand in military end markets and the continued benefits of operating improvements in manufacturing yields and production throughput.At December 31, 2019, the Company’s backlog of open orders scheduled for delivery through December 31, 2020 was $11.7 million, an increase of over 10% from the backlog of $10.6 million at the end of 2018 and an increase of over 75% from the $6.6 million backlog at the end of the third quarter
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