CE Sees ‘Path Forward’ in Bowing AR/VR Headsets: EMagin CEO

OLED microdisplay supplier eMagin had an 8% Q3 revenue decline, partly due to completing a project under a contract with a tier 1 consumer tech company that will become active again in Q4, said CEO Andrew Sculley on a Thursday investor call. “We completed the wafer design for this company and it is now being fabricated at a foundry,” he said. “We anticipate receiving these newly designed wafers in early Q2 and then we'll begin to directly pattern the OLED." The customer’s goal is to commercialize an augmented- or virtual-reality headset for the consumer electronics business, he said. He thinks "this market will take off is because we talked to the companies themselves who are interested.” Companies are shopping eMagin because they “want the next generation to be a display that has no screen door effect,” he said. That’s a mesh-like appearance when gaps between pixels can be seen on-screen. “The companies that we're dealing with certainly are pushing us very hard to get these things done quickly,” he said. "There's great belief in consumer electronics companies that this is a path forward.” The stock closed 15.7% lower Thursday at $1.13.