eMagin Reports 371% Increase over 2Q 2003; Provides Highlights of Second Quarter Earnings Call.

Business Wire › August 17, 2004

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eMagin Reports 371% Increase over 2Q 2003; Provides Highlights of Second Quarter Earnings Call.

HOPEWELL JUNCTION, N.Y. -- eMagin Corporation (AMEX:EMA), the leader in active matrix organic light-emitting diode (OLED) microdisplays, announced financial results for the second quarter ended June 30, 2004 at its earnings conference call on August 16.

Revenues for the second quarter were $1.44 million compared to $0.31 million for the same period in 2003, a 371% increase. Net loss applicable to common stock for the quarter was $1.40 million, or $0.02 per share, compared to a $0.52 million gain of $0.02 per share for the same period in 2003. The 2003 gain was primarily the result of one-time positive effects of a debt restructuring in th...

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