EMagin Posts Wider Net Loss In Q2

OLED microdisplay maker eMagin Corp. (EMAN) reported Thursday a second-quarter net loss of $1.44 million or $0.02 per share, wider than $0.28 million or $0.00 per share in the prior-year quarter.

Excluding items, adjusted net loss for the quarter were $0.02 per share, compared to adjusted net loss of $0.04 per share in the year-ago quarter.

Total net revenue for the quarter increased 14 percent to $7.16 million from $6.28 million in the same quarter last year.

Total backlog of open orders was $14.3 million on strong bookings.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates. The U.S. Food and Drug Administration said it has granted approval for Ferring Pharmaceuticals Inc.'s fecal microbiota product Rebyota. The approval is for the prevention of recurrence of Clostridioides difficile infection or CDI in individuals 18 years of age and older. Rebyota will be used after an individual has completed antibiotic treatment for recurrent CDI. Salt Lake City, Utah-based Rocky Mountain Pies, LLC is recalling Red Button Vintage Creamery French Silk Pie citing possible presence of undeclared almonds, a known allergen, the U.S. Food and Drug Administration said. The recall involves 31.88 oz French Silk Pie with the lot code beginning with 2 266. Only UPC code 0 41172 81290 9 is involved in the recall.
Follow RTT