EMAN - eMagin Corp (eman.ob) : microdisplay oled

BigNick ha scritto:

che tu sappia era prevista la profittabilità per questo quarter ?

Clicca per espandere...

Non credo proprio, sarebbe un gran bel colpo se presentassero un utile,
personalmente mi aspettavo che diventassero profittevoli a partire dal 2009.

dagoweb ha scritto:

Non credo proprio, sarebbe un gran bel colpo se presentassero un utile,
personalmente mi aspettavo che diventassero profittevoli a partire dal 2009.

Clicca per espandere...

magari ho capito male io

eMagin Third Quarter Revenue Increases by 121%
Thursday November 15, 7:00 am ET
Achieves quarterly operating profit

BELLEVUE, Wash.--(BUSINESS WIRE)--eMagin Corporation (OTC:EMAN - News), the leader in OLED microdisplay and personal imaging technologies, has issued preliminary financial results for its third quarter ending September 30, 2007. The results show record revenues with year-over-year results improving by 121% for the quarter and 130% for the first nine months of 2007.

Financial Summary

* Revenue for the three and nine months ending September 30, 2007, of $5.1 million and $12.9 million represent increases of 121% and 130% from $2.3 million and $5.6 million in 2006.
* Gross margins grew to 40% of revenue or $2.0 million for the quarter and 29% or $3.8 million for the nine-month period as compared to gross losses of $648,000 (28%) and $3.3 million (59%) in 2006. With Q1 gross margins of 14%, Q2 30% and Q3’s improvement to 40% eMagin continues to match improvements in manufacturing efficiency with revenue growth.
* Operating expenses declined 29% and 26% to $2.0 million and $7.5 million for the three and nine months ended September 30, 2007 as compared to $2.8 million and $10.2 million in 2006.
* The company achieved quarterly operating profit for the first time with $14,000 of operating income during the third quarter as compared to an operating loss of $3.5 million during the third quarter of 2006. For the nine month period operating loss declined 73% to $3.7 million in 2007, down from $13.5 million in 2006.
* During the quarter the company completed a deferral of approximately $6 million of secured notes. In return for the deferral additional warrants were issued to the note holders and their right to convert into common stock was renegotiated. From an accounting perspective the renegotiated notes are accounted for as an extinguishment of the previous notes and any inherent investor gain in new conversion price viewed as an expense and the fair value of the warrants viewed as a fee. Combined, these entries resulted in net non cash charges of approximately $10.8 million during the period. In addition we had approximately $100,000 of other expense resulting from the net of other interest and expenses. In summary, other expenses for the quarter ended September 30, 2007 were $10.9 million as compared other expenses of $318,000 in 2006. Other expenses for the nine-month period ending September 30, 2007, totaled $11.9 million as compared to other expenses of $259,000 in 2006. Factoring in these charges net loss for the three months and nine months ended September 30, 2007 were $10.9 million or $0.91 per share and $15.6 million or $1.38 per share as compared to a loss of $3.8 million or $0.37 per share and $13.8 million or $1.37 per share in 2006.

With third quarter’s strong operating performance revenue for the full year ended December 31, 2007 is expected to comfortably exceed our projections of more than $16 million or an increase of more than 100% over $8.2 million in 2006.

Please note that eMagin has requested an extension to file its form 10Q for the period ended ending September 30, 2007 and expects to file its quarterly report within five business days.

Business Highlights

* In October the company began taking orders for its SVGA 3DS OLED-XL microdisplay with initial shipments expected to begin during the first quarter of 2008. This new product offers both analog and digital signal processing in a compact display (0.44-inch) with greater power efficiency. The world’s finest pixel pitch (11.1 micrometer) device would eliminate the need for extra circuitry and components while allowing for a smaller display module design with increased functionality, with no increase in power consumption.

* Saab Avitronics has chosen eMagin microdisplays for its news Multi-Purpose Virtual Image Display (VID). The unit comprises high-performance magnifying optics and the OLED, sealed in an aluminum casing.
* eMagin ranked 15th on Deloitte's Washington State Technology Fast 50 listing of the fastest growing technology, media, telecommunications, and life sciences companies in the state. On Deloitte’s national list eMagin was listed as the 459th fastest growing firm nation wide.

io ci capisco poco ma sta roba qui non mi sembra una cosa bella o sbaglio ?

"During the quarter the company completed a deferral of approximately $6 million of secured notes. In return for the deferral additional warrants were issued to the note holders and their right to convert into common stock was renegotiated. From an accounting perspective the renegotiated notes are accounted for as an extinguishment of the previous notes and any inherent investor gain in new conversion price viewed as an expense and the fair value of the warrants viewed as a fee. Combined, these entries resulted in net non cash charges of approximately $10.8 million during the period. In addition we had approximately $100,000 of other expense resulting from the net of other interest and expenses. In summary, other expenses for the quarter ended September 30, 2007 were $10.9 million as compared other expenses of $318,000 in 2006. Other expenses for the nine-month period ending September 30, 2007, totaled $11.9 million as compared to other expenses of $259,000 in 2006. Factoring in these charges net loss for the three months and nine months ended September 30, 2007 were $10.9 million or $0.91 per share and $15.6 million or $1.38 per share as compared to a loss of $3.8 million or $0.37 per share and $13.8 million or $1.37 per share in 2006."

BigNick ha scritto:

io ci capisco poco ma sta roba qui non mi sembra una cosa bella o sbaglio ?

"During the quarter the company completed a deferral of approximately $6 million of secured notes. In return for the deferral additional warrants were issued to the note holders and their right to convert into common stock was renegotiated. From an accounting perspective the renegotiated notes are accounted for as an extinguishment of the previous notes and any inherent investor gain in new conversion price viewed as an expense and the fair value of the warrants viewed as a fee. Combined, these entries resulted in net non cash charges of approximately $10.8 million during the period. In addition we had approximately $100,000 of other expense resulting from the net of other interest and expenses. In summary, other expenses for the quarter ended September 30, 2007 were $10.9 million as compared other expenses of $318,000 in 2006. Other expenses for the nine-month period ending September 30, 2007, totaled $11.9 million as compared to other expenses of $259,000 in 2006. Factoring in these charges net loss for the three months and nine months ended September 30, 2007 were $10.9 million or $0.91 per share and $15.6 million or $1.38 per share as compared to a loss of $3.8 million or $0.37 per share and $13.8 million or $1.37 per share in 2006."

Clicca per espandere...

Infatti e' qua il problema (e non dimentichiamo il numero di azioni totali della societa', che non ho capito ancora quante sono).
Purtroppo non ti so dire se questo costo evidenziato (mi sembra che sia relativo alla rinegoziazione del debito) sia una tantum o meno

Dal punto di vista industriale mi sembra che stiano andando piu' che bene, addirittura con un utile operativo, che come ti dicevo non mi spettavo.

p.s. per il momento il mercato sembrerebbe apprezzare.

dagoweb ha scritto:

Infatti e' qua il problema (e non dimentichiamo il numero di azioni totali della societa', che non ho capito ancora quante sono).
Purtroppo non ti so dire se questo costo evidenziato (mi sembra che sia relativo alla rinegoziazione del debito) sia una tantum o meno

Dal punto di vista industriale mi sembra che stiano andando piu' che bene, addirittura con un utile operativo, che come ti dicevo non mi spettavo.

p.s. per il momento il mercato sembrerebbe apprezzare.

Clicca per espandere...

grazie Dago, graficamente mi sembra bella, oggi abbiamo superato i massimi di Luglio, vediamo oggi se chiude sopra, dopo posto il weekly che secondo me è ancora più interessante

Ehi Big,
che dici chiedo la percentuale ai nostri amici lettori americani ?

dagoweb ha scritto:

Ehi Big,
che dici chiedo la percentuale ai nostri amici lettori americani ?

Clicca per espandere...

fatti pagare in Euro però

guardati il weekly, in questi due anni la media 50 ha respinto ben 5 volte il titolo, a 13$, 10$, 9$ , 6$, 1,6$, se oggi non crolla sarebbe la prima volta a rompere decisamente la 50, inoltre inizia vedersi una bella divergenza su MACD sopra lo zero che fa ben sperare, l'ultima volta che è successo è passata da 7 a 37$

ciao
Big.

foxfarenle ha scritto:

sempre x lo stesso motivo..............

Clicca per espandere...

cosa ?

foxfarenle ha scritto:

lo riporto sù...... x spostare nel limbo(all'indietro) il gelosodel successo altrui, uppa post vecchissimi contro Rino.

Clicca per espandere...

scusa Fox, ma mi sembra una minkiata questa tua operazione, che senso ha "sporcare" 3D solo per "x spostare nel limbo altri 3d", mi spiace ma non condivido

dagoweb ha scritto:

Infatti e' qua il problema (e non dimentichiamo il numero di azioni totali della societa', che non ho capito ancora quante sono).
Purtroppo non ti so dire se questo costo evidenziato (mi sembra che sia relativo alla rinegoziazione del debito) sia una tantum o meno

Dal punto di vista industriale mi sembra che stiano andando piu' che bene, addirittura con un utile operativo, che come ti dicevo non mi spettavo.

p.s. per il momento il mercato sembrerebbe apprezzare.

Clicca per espandere...

hanno pubblicato il Form 10-Q: http://www.sec.gov/Archives/edgar/data/1046995/000101376207002290/form10q.htm

come ti sembra Dago ?

ad esempio questo non so se prenderlo per una cosa positiva o negativa
".....
As we have reported, our business experienced significant revenue growth during the first nine months of 2007. This trend, if it continues, may result in higher accounts receivable levels and may require increased production and/or higher inventory levels both of which require additional working capital. We anticipate that our cash requirements to fund operating or investing cash requirements over the next twelve months will be greater than our current cash on hand.

To address these liquidity issues we have finalized an agreement with our note holders that defers the note re-payments until December 21, 2008. See Note 7: Debt for additional information. We have entered into an intellectual property agreement with Kodak and assigned Kodak the rights, title and interest to a Company owned patent not being used by the Company and in consideration, Kodak has waived the royalties due under existing licensing agreements for the first six months of 2007, and reduced the royalty payments by 50% for the second half of 2007 and for the entire year of 2008. In addition, the minimum royalty payment is deferred until December 1st for the years 2007 and 2008. We have entered into an asset based loan agreement establishing a $2.5 million revolving line of credit. However to fund operating or investing cash requirements, we still may need to raise additional funds in the next twelve months."

Per quel poco che capisco stanno mettendo avanti le mani e stanno dicendo che , molto probabilmente, avranno bisogno di altri capitali nel corso del 2008.

Il numero di azioni attuale e' 12 milioni (e spiccioli), ma in ballo c'e' questa roba :

"The changes to the Amended Notes include the following:

The due date for the outstanding Notes (totaling after conversions an aggregate of $6,020,000) has been extended to December 21, 2008;

The Amended Notes are convertible into (i) 8,407,612 shares of the Company’s common stock. The conversion price for $5,770,000 of principal was revised from $2.60 to $0.75 per share. The conversion price of $0.35 per share for $250,000 of principal was unchanged;

$3,010,000 of the Notes can convert into (ii) 3,010 shares of the Company’s newly formed Series A Convertible Preferred Stock (the “Preferred”) at a conversion price of $1,000 per share. The Preferred is convertible into common stock at the same price allowable by the Amended Notes, subject to adjustment as provided for in the Certificate of Designations;

The Amended Notes adjust the exercise price from $3.60 to $1.03 per share for 1,553,468 Warrants and require the issuance of 3,831,859 Warrants exercisable at $1.03 per share pursuant to which the holders may acquire common stock, until July 21, 2011; and

As of July 23, 2007 the interest rate was raised from 6% to 8%."

Tutta roba che, se esercitata, porterebbe il numero di azioni sopra i 20 milioni, con una diluizione non indifferente.

Altro aspetto da tenere in conto e' questo :
"Common stock, $.001 par value: authorized 200,000,000 shares, issued and outstanding, 12,224,556 shares as of September 30, 2007 and 10,341,029 shares as of December 31, 2006".

Per quanto riguarda l'accordo con Kodak, se non ho capito male, emagin dovra' pagare delle royalties per il secondo semestre 2007 e per tutto il 2008,
saranno scontate al 50% ma non mi sembra siano quantificate in dollaroni.

Insomma sono piu' le incognite rispetto alle certezze (imho).

Press Release Source: eMagin Corporation

eMagin Z800 3DVisor Featured at I/ITSEC
Tuesday November 20, 7:00 am ET
OLED-Based 3DVisor Delivers for Quantum3D Soldier Training Systems

BELLEVUE, Wash.--(BUSINESS WIRE)--Z800 3DVisorsTM from eMagin Corporation (OTCBB:EMAN - News), a leader in OLED microdisplays and virtual imaging technology, continue to enable new simulation and training systems. Attendees at this year’s Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) can visit Quantum3D in Booth 1501 to experience the Z800 3DVisor integrated on Quantum3D’s ExpeditionDITM Un-Tethered, Man-Wearable Immersive Training (MWIT) Platform. I/ITSEC is being held November 26 -29 at the Orange County Convention Center in Orlando, Fla.

Battery powered and equipped with multiple positional trackers and Quantum3D ThermiteTM man-wearable Tactical Visual Computer, which provides high-fidelity realtime graphics to eMagin's Z800 3Dvisor, and available with a range of wireless training weapons, the ExpeditionDI system is an integrated, man-wearable, un-tethered immersive COTS embedded-training platform. The ExpeditionDI allows researchers and training system providers to integrate solutions with a wide variety of software, synthetic environments and toolsets in order to evaluate new training technologies and to deploy training systems for dismounted infantry and first responders.

“eMagin’s Z800 value, in terms of its low-cost, fidelity and performance make it a critical component of ExpeditionDI,” said Ross Smith, president of Quantum3D. “Without each of these key factors, which parallel the value proposition of ExpeditionDI in general, the system would be much less capable, accessible and affordable.”

eMagin’s Z800 3DVisor delivers a high-color, high-contrast virtual image equivalent to a 105-inch screen viewed at twelve feet, in full-color stereovision. The Z800’s high-speed headtracking enables full 360-degree viewing, enabling users to look around in the virtual world just as they would look around the real world. To power all these capabilities, the Z800 requires only a standard USB port and can greatly extend a deployed systems battery life when compared with standard LCD laptop screens.

“Realistic training simulations improve both mission effectiveness and soldier safety,” said Susan Jones, eMagin’s chief marketing officer. “Combined with Quantum3D’s advanced training platform hardware and software, the OLED-equipped Z800 3DVisor can provide an immersive experience to enable the highest levels of operational readiness through training and simulation."

-- OLED - Ideal for Near-Eye Applications

eMagin's OLED microdisplays deliver the resolution, brightness, and speed for a broad range of defense and security applications - at the lowest system power of any near-eye solution. Because OLEDs can switch to different gray level states in microseconds rather than milliseconds, eMagin microdisplays deliver images and information virtually flicker-free in near-eye applications. With the world's lowest power display solution they provide soldiers with critical information for extended periods in harsh environments, ranging from extreme cold to high heat without additional heaters or coolers. Since they emit light in all directions, OLED microdisplays also accommodate a greater range of pupil movement than traditional LCDs, making them ideal for integration with simulation and training systems such as the ExpeditionDI. In addition to training and simulation systems, eMagin OLED and OLED-XL microdisplays are increasingly used in a range of rugged military applications, such as situational awareness and thermal imaging, with other premier military system OEMs – including DRS, Elbit, FLIR Systems, Insight Technology, Nivisys, Northrop Grumman, Rockwell Collins, and Thales.

-- ExpeditionDI – Ideal for Training and Simulation

Quantum3D ExpeditionDI is a COTS, open-architecture, Un-Tethered MWIT and Mission-Rehearsal Platform that is compatible with a wide range of game-engine and conventional simulation and training software and synthetic environments including AIS SVS, ACI IGS, NRI GDIS, Total Immersion RealWorld, America’s Army, Quantum3D LightSpeed, U.S. Army RDECOM SLIM (ESS), U.S. Army RDECOM DAGGERS, and USMC First to Fight. Designed for use in deployed and ad-hoc environments that do not require any specific infrastructure, ExpeditionDI is an integrated system that includes a Quantum3D Thermite Man-Wearable Tactical Visual Computer; M4, M16 or M249 training weapon with Quantum3D patent-pending wireless controller; Blackhawk load bearing vest with cable assemblies and Honeywell hot-swappable Li-ion batteries; helmet with eMagin-based Quantum3D HMD and body/leg, helmet and weapon-mounted Intersense ICS-based positional sensors, transit cases and accessories.

About Quantum 3D

Quantum3D is the leading developer and manufacturer of Commercial-Off-the-Shelf (COTS), open-architecture realtime visual computing solutions for the Visual and Sensor Simulation and Training, Embedded Visual Computing and Embedded/Deployable Training markets. Quantum3D combines the most advanced merchant server, desktop and mobile PC and handheld technologies with unique, advanced, value-added hardware and software technologies to deliver the highest-value COTS Image Generation solutions, software and synthetic environment content for VSST applications and unique Tactical Visual Computing Systems, Graphics Subsystems, Development Software and integrated training platforms for the avionics, vetronics, C4ISR and E/DT applications. For more information, please visit www.quantum3d.com.

dagoweb ha scritto:

Per quel poco che capisco stanno mettendo avanti le mani e stanno dicendo che , molto probabilmente, avranno bisogno di altri capitali nel corso del 2008.

Il numero di azioni attuale e' 12 milioni (e spiccioli), ma in ballo c'e' questa roba :

"The changes to the Amended Notes include the following:

The due date for the outstanding Notes (totaling after conversions an aggregate of $6,020,000) has been extended to December 21, 2008;

The Amended Notes are convertible into (i) 8,407,612 shares of the Company’s common stock. The conversion price for $5,770,000 of principal was revised from $2.60 to $0.75 per share. The conversion price of $0.35 per share for $250,000 of principal was unchanged;

$3,010,000 of the Notes can convert into (ii) 3,010 shares of the Company’s newly formed Series A Convertible Preferred Stock (the “Preferred”) at a conversion price of $1,000 per share. The Preferred is convertible into common stock at the same price allowable by the Amended Notes, subject to adjustment as provided for in the Certificate of Designations;

The Amended Notes adjust the exercise price from $3.60 to $1.03 per share for 1,553,468 Warrants and require the issuance of 3,831,859 Warrants exercisable at $1.03 per share pursuant to which the holders may acquire common stock, until July 21, 2011; and

As of July 23, 2007 the interest rate was raised from 6% to 8%."

Tutta roba che, se esercitata, porterebbe il numero di azioni sopra i 20 milioni, con una diluizione non indifferente.

Altro aspetto da tenere in conto e' questo :
"Common stock, $.001 par value: authorized 200,000,000 shares, issued and outstanding, 12,224,556 shares as of September 30, 2007 and 10,341,029 shares as of December 31, 2006".

Per quanto riguarda l'accordo con Kodak, se non ho capito male, emagin dovra' pagare delle royalties per il secondo semestre 2007 e per tutto il 2008,
saranno scontate al 50% ma non mi sembra siano quantificate in dollaroni.

Insomma sono piu' le incognite rispetto alle certezze (imho).

Clicca per espandere...

in effetti c'è un pò troppo fumo

grafichino di lungo

che ne dici Dago ?

BigNick ha scritto:

che ne dici Dago ?

Clicca per espandere...

Azz, mi stavo dimenticando di rispondere

Ti do 2 opzioni :

la 1) guardando il grafico weekly che avevi postato nei giorni scorsi mi sembra che 1,50 sia un livello di prezzo importante, se non lo tiene vendi ;

la 2) a prescindere dall'analisi tecnica, ti fissi uno stop profit in termini assoluti (per esempio ;1000,1500,2000 $$) se la quotazione scende ad un livello che ti fa raggiungere lo stop profit vendi.

In entrambi i casi dovresti portare a casa la pagnotta

Oppure ci sarebbe l'opzione "gratta&vinci" :
vendi tante azioni quante servono a recuperare l'investimento iniziale e quelle che rimangono le tieni come pura scommessa
(in questo caso non perderesti un centesimo, pero' rischieresti di non guadagnare nulla ma ti tieni aperta la possibilita' nel caso facesse il botto, in positivo s'intende).

tornando a quanto già postato e più precisamente questo:

"our business experienced significant revenue growth during the first nine months of 2007. This trend, if it continues, may result in higher accounts receivable levels and may require increased production and/or higher inventory levels both of which require additional working capital. We anticipate that our cash requirements to fund operating or investing cash requirements over the next twelve months will be greater than our current cash on hand."

sembrerebbe che si aspettino un forte incremento nella richiesta dei loro prodotti tale da mettere in crisi la cassa, se questo può essere negativo dal punto di vista della ricerca di fondi, mi fà ben sperare sul futuro di questo settore di nicchia, tutto questo giustificherebbe visto anche l'esiguità del capitale investito un investimento a lungo termine, (Uno o due anni)

Ciao Dago che è sta cosa ?

http://quotemedia.10kwizard.com/dow...temedia&msrc=68a2dcc319463f7fa6367eee2437b37d

insider ?

non vorrei sbagliarmi ma sembra un acquisto da parte di K.C. Park, interim CEO and president di Emagin

BigNick ha scritto:

Ciao Dago che è sta cosa ?

http://quotemedia.10kwizard.com/dow...temedia&msrc=68a2dcc319463f7fa6367eee2437b37d

insider ?

non vorrei sbagliarmi ma sembra un acquisto da parte di K.C. Park, interim CEO and president di Emagin

Clicca per espandere...

E' la prima volta che lo vedo, ma mi sento di confermare
(tra l'altro il form e' molto simile a quelli degli internal dealing di Borsa Italiana).