eMagin Corporation (EMAN.OB) Announces Significant Improvements in Preliminary 2008 Financials
eMagin Corporation, a leading player in OLED microdisplay technology, today announced its preliminary fourth quarter and full-year results for 2008, still subject to independent audit. The company anticipates increases across the board, fueled by enhanced sales efforts. “Through ongoing cost reduction efforts, improvements in our production processes and growth in sales, we have been able to substantially improve our performance,” Andrew G. Sculley, eMagin’s CEO and president stated in the press release. eMagin anticipates report revenues for the quarter at $5.3 million, up 13.5 percent from the fourth quarter of last year. Fiscal 2008 revenues are expected at $18.7 million,…