eMagin Corporation (AMEX:EMAN) Q4 2022 Earnings Call Transcript

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Kevin Dede: Okay. Again, on the PEO, a PEO stride program. Can you give us some insight on timing when you think you’ll have something to show them prototype and when you think that goes to volume? Any sort of rough ideas?

Andrew Sculley: Remember, there are milestones. We’re going to show them things this year and we’re going to show them the final product next year. Remember, it was a 2-year program. And when you say in production, volume production, it’s direct pattern. So the new tool is important. So we’re looking at mid next year, mid-2024.

Kevin Dede: Okay. You mentioned plural on the consumer side. Could you, I mean, maybe take a couple of minutes just to run through your consumer customer portfolio?

Andrew Sculley: Well, I’m going to say that we have we have designed 2 displays for 2 different companies and you can guess who they are. One of them was a 4K that we demonstrated. In fact, we demonstrated at Display Week this last May in the Society of Information Displays that was very attractive to customers. And you’ll remember that, that also kicked off another design. So with the new R&D tool that is in since December and we’re working on it to get it up and running well with using our other displays, WUXGA displays. Those are the first ones. And then the — we’re going to do the 4K and this other one. I can’t tell you how big it is because the company will not let us. We’re going to make many samples of those.

Kevin Dede: Okay. All right. Any returned interest from some of the consumer developments that you had in the past, like the program where you stitch to display together?

Andrew Sculley: Well, we didn’t — well, when you say stitch, are you talking about because the size of the display is big, it has to be stitched at the founder — has to be stitched at the foundry?

Kevin Dede: Yes. Yes.

Andrew Sculley: And also we have to stitch because we put down the anode. So there — we believe that showing that display with the improved direct patterning will be a very exciting thing for many consumer companies and the company that paid us to design that is — has been willing to let us show it to everybody. So we’re doing that. That’s the goal.

Kevin Dede: Okay, very good. Thank you for taking my questions. Appreciate it.

Andrew Sculley: Well, you’re welcome.

Operator: I’m not showing any further questions at this time. I’d like to turn the call back over to our host for any closing remarks.

Mark Koch: Yes. I mean that concludes today’s call. We’d like to thank everybody for joining us and looking forward to keep you apprised of our product on the next quarter’s call and on investor conferences.

Andrew Sculley: Just one other thing. I want to remind everyone, our goal of getting to EBITDA positive, we have done that. And we’re working like Matt on the new technology and we’re very excited and the F-35 is one example for our technology but also the very high brightness of 10,000 candela per meter square going to 20,000 candela per meter square. No one else has touched that. Thank you very much, everyone.

Mark Koch: Thank you.

Operator: Ladies and gentlemen, this does conclude today’s presentation. You may now disconnect and have a wonderful day.

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