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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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