Wednesday, February 5, 2014
More Cheery Headlines From The Boys In Bellevue. : Don't We Love These Kind of "In Play" Stories
4:03 pm eMagin sees Q4 revs of $6.1 mln vs $8.43 mln Capital IQConsensus Estimate (EMAN):
Co announced that preliminary revenue for the fourth quarter ended
December 31, 2013, was approximately $6.1 million (vs $8.43mln Capital
IQ Consensus Estimate). While demand for eMagin's microdisplays remains
strong, there was a shortfall in anticipated product revenue for the
fourth quarter of 2013 resulting from previously announced equipment
downtime, low yield, and lower average sales prices. As well, contract
revenue in the period continued to be impacted by fewer government
R&D contracts as a result of the U.S. government sequestration. The
Company is scheduled to report full fourth quarter results and give
2014revenue guidance on March 11, 2014.
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