eMagin Corporation (NYSE MKT: EMAN)
eMagin describes their business as being “the leader in the technology, development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products.”
First – yes – there were some disappointments in the earnings release that came out on August 1st. Keep in mind that the sudden drop in share price more than prices that in – in my opinion. I readily admit this is the first Company that I have seen that blames “sequestration” for a bad quarter. Still – there is demand for the product.
This from EMAN’s President and CEO, Andrew G. Sculley in the same earnings release:
Mr. Sculley continued, “Strong demand from domestic and international customers, particularly in the military segment, reflects our continued technological leadership in the emerging OLED microdisplay industry. We intend to remain the technology leader in the OLED microdisplay space by offering new generations of super bright, super-efficient microdisplays, including our new OLED-XLS, which is ideally suited to meet even the most demanding military applications, and our new, direct patterning technology, which we view as the next technological step to higher brightness and efficiency.”
With the Mideast on the brink, over the brink, and with an all out mess in that part of the world, demand for eMagin’s products are going to be even more critical. I cannot see the demand going down from here. I think the recent price drop represents an opportunity – not a trend. Read about all of it. Look at the products. Make your own decision.