EMAN - eMagin expects higher revenue in Q4

• Virtual and augmented reality solutions company eMagin ( NYSE: EMAN ) sad its Q4 revenue is anticipated to be in the range of $8.1M to $8.3M, compared to $7.2M Y/Y.
• Shares were trading ~3% higher pre-market.
• The company said its product revenue is expected to be in the range of $7.6M to $7.8M, representing an Y/Y increase of 9% to 11%. Contract revenue is expected to be ~$0.5M, compared with $0.2M a year ago.
• The company's backlog of open orders scheduled for delivery over the next 12 months was ~$14.8M as of Dec. 31, an increase of 7% Y/Y.
• EMAN had cash of ~$4.2M as of Dec. 31.
• Source: Press Release

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