eMagin reports Q3 EPS 0c vs (5c) last year

Reports Q3 revenue $7.6M vs $5.8M last year. "eMagin’s third quarter was highlighted by a 31% year-over-year revenue increase leading to improved gross margins and positive EBITDA, along with new business wins and continued growth in our backlog of open orders," said eMagin CEO Andrew G. Sculley. "Our total revenues rose to $7.6 million, compared to $5.8 million a year ago, while our gross margin improved to 37% from 10% a year ago. This is the fourth consecutive quarter in which we realized year-over-year increases in throughput and product revenues of more than $7.0 million. The improved yields and increased throughput and revenues were the result of the new, government-funded equipment in our production facility and improvements in our manufacturing operations. Moreover, our EBITDA for the third quarter of 2022 was a positive $0.7 million."