Oppenheimer Reiterates a Perform Rating on eMagin (Gotta land one big one)
Otherwise eMagin Flounders
Uerkwitz noted, “EMAN reported 3Q15 earnings with a weak top-line performance as management diverted resources away from production into development contracts. This theme will likely continue as management believes future product revenue opportunities hinge on these contracts. Bottom line: eMagin’s end goal is to land one large customer. In the meantime the company will continue to fine tune and improve its microdisplays and land small scale government contracts. We reiterate our view that significant near- term revenue contribution from consumer AR/VR is unlikely due to design cycle and capacity constraints.”
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