Flexible Electronics News

eMagin Expects 1Q 2011 Revenue of Approximately $5.5 Million

Company reaffirms 2011 revenue guidance range

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World

eMagin Corporation announced that revenues for the first quarter of fiscal 2011 will be approximately $5.5 million due to production issues and a slower pace of manufacturing following preventative maintenance in the first quarter. The company has been taking a number of steps to restore its production schedule, including running extra shifts on weekends.

The company is maintaining its 2011 revenue guidance of $35 million to $40 million based on its current backlog of orders under existing contracts and the anticipated resumption of normal production.

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