Sunday, 5th September 2010
eMagin reports financial results for Q2 2010
16 August 2010

eMagin Corporation has issued its financial results for the three and six months ending 30 June 2010.

eMagin results for quarter and half year ended 30 June 2010
(US$ millions)
Q2 2010 Q2 2009 H1 2010 H1 2009
Product revenue 6.4 5.0 10.9 9.3
Contract revenue 1.9 0.9 3.3 1.7
Total revenue, net 8.3 5.9 14.2 11.0
Cost of goods sold 3.6 2.0 6.2 4.7
Gross profit 4.7 3.8 8.0 6.3
Total operating expenses 3.8 2.3 6.2 4.2
Income (loss) from operations 1.0 1.5 1.9 2.0
Other income (expense): (0.03) (0.1) (0.3) (0.3)
Net Income (loss) 1.0 1.3 1.8 1.7
Totals may not add up due to rounding

Highlights

  • eMagin completed the design phase of a $3.2 million subcontract for the U.S. Department of Defense for a specialized OLED microdisplay, with production volume to be delivered in Q3 2010.
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Aixtron reports financial results for Q2 2010
09 August 2010

Aixtron recently announced the consolidated financial results for the first half of 2010.

Key Financials

H1 2010 H1 2009 Change Q2 2010 Q2 2009 Change
Revenue 346.3 102.9 237% 191.8 56.7 238%
Gross Profit 183.9 44.5 313% 105.9 23.50 351%
Operating result (EBIT) 106.9 12.3 769% 60.6 4.7 1189%
Net result 74.1 8.8 742% 42.3 3.3 -55%
Net result per share - basic(€) 0.74 0.10 630% 0.42 0.04 -50%

Key points from the financial statement:

  • Q2/2010 saw a continuation of the positive growth trend in revenues and profitability seen in prior quarters. Supported by ongoing high system demand, mainly fuelled by High Brightness LED backlighting and lighting applications and positively influenced by the stronger US Dollar, Q2/2010 revenues increased by 24% over the first quarter from EUR 154.5m to EUR 191.8m.
  • In line with Management expectations; equipment orders continued to be recorded on a very high level (Q1/2010 EUR 168.5m; Q2/2010 EUR 175.4m) continuing the strong demand trend previously predicted.
  • Approximately 8% of the LED system orders recorded in H1/2010 were for our new generation systems, launched in Q1/2010.
Read more...
 
UDC announces financial results for Q2 2010
09 August 2010

Universal Display Corporation (UDC) has announced its results for the quarter and half year ended 30 June 2010.

UDC results for quarter and half year ended 30 June 2010
(US$ millions)

Q2 2010 Q2 2009 H1 2010 H1 2009
Commercial revenue 2.0 1.2 3.8 2.6
Developmental revenue 6.5 1.7 8.9 3.2
Total revenue 8.5 3.0 12.7 5.8
Total Operating expenses 10.4 9.2 18.8 18.1
Operating loss (1.9) (6.3) (6.1) (12.3)
Net loss (4.4) (6.4) (7.4) (12.0)

Key points from the financial statement:

Cash used in operating activities for the six months ended June 30, 2010 was $2,757,981, compared to $8,798,154 for the six months ended June 30, 2009. The improvement in cash used in operating activities was mainly attributable to the growth in revenues, partially offset by an increase in operating costs. The Company's balance sheet remained strong at quarter end, with cash, cash equivalents and short-term investments of $66,092,924 as of June 30, 2010, up over $2 million compared to cash, cash equivalents and short-term investments of $63,874,081 as of December 31, 2009.

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Bayer Technology Services collaborates with the University of Erlangen-Nürnberg
12 July 2010

Bayer Technology Services GmbH (BTS) and the Excellence Cluster for the Engineering of Advanced Materials - Hierarchical Structure Formation for Functional Devices (EAM) at the University of Erlangen-Nürnberg have signed a cooperation agreement.

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Thin Film Electronics registers share capital increase
12 July 2010

Thin Film Electronics (ThinFilm) has published a notice regarding the exercise of Warrants in ThinFilm and the share capital increase registered on 17 June 2010. Following the share capital increase, Thinfilm's registered share capital is NOK 25,963,522.64 divided into 236,032,024 ordinary shares each having a par value of NOK 0.11. There are 19,564,675 outstanding Warrants, and these are exercisable in the period 1 September-6 November 2010.

www.thinfilm.se

 
Photonis Technologies acquires 51% stake in MicroOLED
28 June 2010

Microoled Photonis Technologies has announced that the company has acquired a 51% stake in MicroOLED, developers of OLED based microdisplays.

MicroOLED designs and manufactures high-performance micro-displays for near-to-eye applications. The company’s core business consists of highly integrated micro-displays for use in defense systems for dismounted soldier head-up displays, in OEM instrumentation, in video glasses for mobile HD and 3D applications, and viewfinders for cameras.

Read more...
 
Prime View International (PVI) changes its name to E Ink holdings Inc
28 June 2010

Yuan Tai Technologies Inc. has recently announced that it has changed the international version of its name from Prime View International (PVI) to E Ink Holdings Incorporated (E Ink).

E Ink Holdings Inc. will offer its ePaper products under the brand name 'E Ink' and its LCD products under the brand name 'Hydis'. According to the announcement the company has over 20 million electronic paper displays in the field, the company's E Ink-branded ePaper displays are used in applications such as eBooks, eNewspapers, eTextbooks, Wristwatches, Smart Cards, Shelf Labels, Battery/Memory Indicators, Mobile Phones, Public Information and Promotional Signs. E Ink is now the world's largest supplier of displays to the eBook market.

Dr. Scott Liu, Chairman and CEO of E Ink Holdings Inc., said, "The E Ink name is synonymous with the ePaper industry that we pioneered and in which we enjoy a leadership position." Dr. Scott Liu, added, "We are now a globally recognized brand name and aim to have our displays on every smart surface."

E Ink is continuing to make major investments in research, development and capacity expansion to support the growing demand for its LCD and ePaper products.

www.pvi.com.tw     www.eink.com

 
Arrowhead Research raises $8,650,000 through sale of shares and warrants
21 June 2010

Arrowhead Research Corp. (ARWR) has said that the Company has priced and received firm commitments for a registered direct offering to raise $8.65 million through the sale of 6.6 million shares of its common stock, and warrants to purchase 3.3 million shares of common stock. The stock and warrants will be sold in units, at a price of $1.312 per unit.

The warrants have an exercise price of $1.65 per share of common stock, with an exercise term of five years, and are exercisable commencing 6 months following the closing of the offering.

Use of proceeds includes additional investments in current subsidiaries, new investments, and operating expenses. The closing is expected to take place on or about June 22.

www.arrowheadresearch.com

 
French consortium launches new organic photovoltaic project
21 June 2010

OSCAR Armor has recently announced the launch of project OSCAR (Organic Solar Cells by ARmor). The OSCAR project is made up of a consortium of five companies; Armor (project initiator and project leader), INES (Institut National de l'Energie Solaire), LCPO (Laboratoire de Chimie des Polymères Organiques), Plasto SAS and Amcor Flexibles Europe & Americas.

The new organic photovoltaic cells are expected to be ready to market by 2014.

www.amcor.com      www.ines-solaire.com     www.lcpo.fr      www.plasto.fr

 
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