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Microdisplay Firm eMagin Cuts Losses in Third Quarter

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BELLEVUE, Wash., Nov. 14, 2014 — Microdisplay maker eMagin Corp. reduced its net loss as it looks forward to a new batch of R&D contracts and the debut of a new virtual reality system. Net loss in the third quarter was $1.0 million, compared to a net loss of $4.6 million in the third quarter of 2013. Revenues were $5.7 million, down 9.5 percent from $6.3 million for the third quarter of 2013. The company attributed the decline to customers delaying delivery dates and maintenance on its OLED deposition equipment. CEO Andrew G. Sculley said that although the maintenance delayed production, it has improved...Read full article

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