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Kann es auch ruhig mal regnen.
Estrich, ich beobachte Deine Shares, die Du in den erten Wochen des Wettbewerbs hattest. Sag nicht, dass Aktien langweilig sind. Emagin ist ja auch Dein Baby gewesen, am Anfang des Jahres zu 0,65 oder so eingekauft, jetzt bei 1,60.
Gruss E.
eMagin Corporation Reports Third Quarter 2003 Results; Revenues More Than Double From Second Quarter
FRIDAY, NOVEMBER 14, 2003 12:18 PM
- BusinessWire
EMA
1.67 +0.12
HOPEWELL JUNCTION, N.Y., Nov 14, 2003 (BUSINESS WIRE) -- eMagin Corporation (EMA) , the leading developer of active matrix organic light emitting diode (OLED) microdisplays, reported its third quarter results today. For the three months ended September 30, 2003, the Company will report a loss of $(0.91) million, or $(0.02) per share as compared to a loss of $(2.75) million, or $(0.09) per share, in the third quarter of 2002.
Revenue for the third quarter ending September 30, 2003 was approximately $0.75 million, compared to $0.50 million in the third quarter of 2002, and $0.31 million in the second quarter of 2003. The Company's Gross Profit was $0.35 for the quarter ended September 2003. Due to the change in the Company's focus from research and development to production and sales, the Company's 2002 numbers were not reported on the same basis and so have no comparable gross profit figures.
During the third quarter ended September 30, 2003, the Company realized a gain from the early retirement of certain lease obligations that amounted to $2.75 million. This gain was offset, in part, by a $1.9 million non-cash charge for options that were granted to employees under the Employee Stock Option Plan in 2002. While the $2.75 million gain that was realized from the early retirement of certain lease obligations results in a significant improvement in the shareholders' equity, the non-cash charge for the options that were granted to employees under the Employee Stock Option Plan will have no net effect on the Company's shareholders' equity due to the fact that the amounts expensed in the income statement will be reflected in the Company's balance sheet as an increase in accumulated deficit and additional paid in capital. The shares relating to the options have been included in the Company's per share numbers since December 2002.
Commenting on the quarter's results, Gary Jones, president and chief executive officer of eMagin said, "I am extremely pleased that we can now begin to report numbers that are tangible indications of the progress we have made. Supplies ordered in the previous quarter were delivered in time for us to begin to show improved sales in this quarter. As we ended the quarter we had a backlog of over $1 million orders for immediate or near term delivery. We also expect to begin delivering product in the next quarter to some of our customers with whom we have longer term purchase agreements. In addition, our recent sales of subsystems have also begun to have a positive impact on our gross margins."
Mr. Jones continued, "I am also pleased with the progress that we can show on our balance sheet. With the retirement of the lease obligations, we have eliminated significant fixed costs and liabilities of the company outside of the convertible debt that was issued as part of the financing completed in April of this year. We believe that we are making good progress toward our stated goal of becoming EBITDA positive. Our short term cash position is sufficient for our immediate needs, and our receivables reflect our increasing sales."
"This quarter has seen a number of announcements from customers who have released products based upon our products, as well as a considerable increase in activity from customers who are developing new products based on eMagin's technology or are in the process of upgrading existing products," added Mr. Jones. "We are currently working with over 80 customers at various stages of product development or implementation for an exciting variety of military, industrial, medical, and consumer applications. In particular, interest from providers to the military sector has been notable, and we are working to help our customers accelerate their products to market."
Estrich, ich beobachte Deine Shares, die Du in den erten Wochen des Wettbewerbs hattest. Sag nicht, dass Aktien langweilig sind. Emagin ist ja auch Dein Baby gewesen, am Anfang des Jahres zu 0,65 oder so eingekauft, jetzt bei 1,60.
Gruss E.
eMagin Corporation Reports Third Quarter 2003 Results; Revenues More Than Double From Second Quarter
FRIDAY, NOVEMBER 14, 2003 12:18 PM
- BusinessWire
EMA
1.67 +0.12
HOPEWELL JUNCTION, N.Y., Nov 14, 2003 (BUSINESS WIRE) -- eMagin Corporation (EMA) , the leading developer of active matrix organic light emitting diode (OLED) microdisplays, reported its third quarter results today. For the three months ended September 30, 2003, the Company will report a loss of $(0.91) million, or $(0.02) per share as compared to a loss of $(2.75) million, or $(0.09) per share, in the third quarter of 2002.
Revenue for the third quarter ending September 30, 2003 was approximately $0.75 million, compared to $0.50 million in the third quarter of 2002, and $0.31 million in the second quarter of 2003. The Company's Gross Profit was $0.35 for the quarter ended September 2003. Due to the change in the Company's focus from research and development to production and sales, the Company's 2002 numbers were not reported on the same basis and so have no comparable gross profit figures.
During the third quarter ended September 30, 2003, the Company realized a gain from the early retirement of certain lease obligations that amounted to $2.75 million. This gain was offset, in part, by a $1.9 million non-cash charge for options that were granted to employees under the Employee Stock Option Plan in 2002. While the $2.75 million gain that was realized from the early retirement of certain lease obligations results in a significant improvement in the shareholders' equity, the non-cash charge for the options that were granted to employees under the Employee Stock Option Plan will have no net effect on the Company's shareholders' equity due to the fact that the amounts expensed in the income statement will be reflected in the Company's balance sheet as an increase in accumulated deficit and additional paid in capital. The shares relating to the options have been included in the Company's per share numbers since December 2002.
Commenting on the quarter's results, Gary Jones, president and chief executive officer of eMagin said, "I am extremely pleased that we can now begin to report numbers that are tangible indications of the progress we have made. Supplies ordered in the previous quarter were delivered in time for us to begin to show improved sales in this quarter. As we ended the quarter we had a backlog of over $1 million orders for immediate or near term delivery. We also expect to begin delivering product in the next quarter to some of our customers with whom we have longer term purchase agreements. In addition, our recent sales of subsystems have also begun to have a positive impact on our gross margins."
Mr. Jones continued, "I am also pleased with the progress that we can show on our balance sheet. With the retirement of the lease obligations, we have eliminated significant fixed costs and liabilities of the company outside of the convertible debt that was issued as part of the financing completed in April of this year. We believe that we are making good progress toward our stated goal of becoming EBITDA positive. Our short term cash position is sufficient for our immediate needs, and our receivables reflect our increasing sales."
"This quarter has seen a number of announcements from customers who have released products based upon our products, as well as a considerable increase in activity from customers who are developing new products based on eMagin's technology or are in the process of upgrading existing products," added Mr. Jones. "We are currently working with over 80 customers at various stages of product development or implementation for an exciting variety of military, industrial, medical, and consumer applications. In particular, interest from providers to the military sector has been notable, and we are working to help our customers accelerate their products to market."
