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First-quarter 2022 revenue was $7.4 million, up 9% year over year, with a backlog of open orders of $13.6 million on strong bookings for displays.
May 13, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
eMagin Corporation announced results for its first quarter ended March 31, 2022. Total revenues for the first quarter of 2022 increased to $7.4 million, compared with $6.8 million reported in the prior-year period. Total revenue consists of both product revenue and contract revenue. Total gross margin for the first quarter was 34%, resulting in a gross profit of $2.5 million, compared with a gross margin of 25%, which resulted in a gross profit of $1.7 million in the prior-year period. The...
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