
eMagin Corporation Income Statement 2022-2008 | EMAN
Brief overview of financial performance at eMagin Corporation
The overview follows changes across a five-year period. The revenue attributed to eMagin Corporation moved from 6.4 million dollars to 30.5 million dollars between the two endpoints. The cumulative result was +375.4%, corresponding to roughly 36.6% per year. The company expanded its revenue base at a high speed.
The five-year change in gross profit reached +480.3%: from 1.8 million dollars to 10.3 million dollars. The relationship between sales and direct costs improved over the period. Gross margin moved from 27.7% to 33.8%. The expansion indicates stronger pricing power or better control of direct costs.
EBITDA changed from −6.7 million dollars to −110 thousand dollars (+98.3%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was −103.8% at the start and −0.4% at the end. The company improved its ability to convert sales into EBITDA.
Net income moved from −875 thousand dollars at the start to −1.1 million dollars at the end. The negative result deepened, showing weaker final efficiency.
Over the period, capitalization shifted from 57.7 million dollars to 86.2 million dollars (+49.4%). The valuation may already include demanding future expectations.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. Key strengths include a stronger gross margin, revenue expansion and positive operating leverage. Caution is warranted because of declining net profitability and a low EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement eMagin Corporation
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
86.2 M | 92.7 M | 99.8 M | 16.8 M | 46.5 M | 57.7 M | 68 M | 36 M | 57.9 M | 67.1 M | 81.7 M | 84 M | - | - | - |
Shares |
75.6 M | 71.9 M | 60.5 M | 49.3 M | 45.2 M | 35 M | 31.6 M | 25.7 M | 24.9 M | 23.7 M | 23.5 M | 23.3 M | 19.2 M | 16.3 M | - |
Historical Prices |
1.14 | 1.29 | 1.65 | 0.34 | 1.03 | 1.65 | 2.15 | 1.4 | 2.32 | 2.83 | 3.47 | 3.6 | - | - | - |
Net Income |
-1.1 M | -5.21 M | -11.4 M | -4.3 M | -2.46 M | -875 K | -3.47 M | -2.12 M | -1.56 M | -8.7 M | 1.79 M | 1.22 M | -1.14 M | -2.27 M | - |
Revenue |
30.5 M | 26 M | 29.4 M | 26.7 M | 5.44 M | 6.42 M | 4.56 M | 6.71 M | 6.72 M | 6.13 M | 8.33 M | 8.03 M | 30.5 M | 23.8 M | - |
Cost of Revenue |
20.2 M | 21.5 M | 23.1 M | 20 M | 22.2 M | 16.9 M | 15 M | 18.2 M | 18.3 M | 19.6 M | 15.6 M | 13.7 M | 12 M | 10.2 M | - |
Gross Profit |
10.3 M | 4.59 M | 6.36 M | 6.73 M | -471 K | 1.78 M | 490 K | 904 K | 1.54 M | 59 K | 4.1 M | 5.24 M | 18.4 M | 13.6 M | - |
Operating Income |
-2.94 M | -9.96 M | -6.92 M | -5.57 M | -11.7 M | -8.73 M | -8.33 M | -4.06 M | -5.25 M | -5.2 M | 1.62 M | 3.28 M | 6.02 M | 4.75 M | - |
Interest Expense |
1.42 M | 396 K | 200 K | - | - | 12 K | 313 K | 43 K | 28 K | 31 K | 29 K | 103 K | 115 K | 466 K | - |
EBITDA |
-110 K | -7.15 M | -4.8 M | -3.52 M | -9.68 M | -6.66 M | -6.69 M | -2.53 M | -4.07 M | -4.3 M | 1.99 M | 3.44 M | 6.1 M | 4.83 M | - |
Operating Expenses |
13.3 M | 14.6 M | 13.3 M | 12.3 M | 15.7 M | 13.9 M | 14.8 M | 11 M | 12.6 M | 13.6 M | 13.3 M | 12.2 M | 12.4 M | 8.9 M | - |
General and Administrative Expenses |
7.88 M | 7.58 M | 7.57 M | 7.25 M | 8.97 M | 8.68 M | 8.41 M | 6.69 M | 8.12 M | 8.6 M | 8.58 M | 9.14 M | 10.1 M | 6.9 M | - |
All numbers in USD currency
Quarterly Income Statement eMagin Corporation
| 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
83 M | 82 M | 81.1 M | 76.8 M | 73.9 M | 72.8 M | 72.8 M | 72.5 M | 72.2 M | 70.3 M | 68.7 M | 57.7 M | 56.8 M | 51.6 M | 49.3 M | 49.2 M | 48.8 M | 45.2 M | 45.2 M | 45.1 M | 45.1 M | 42.3 M | 35 M | 35 M | 33 M | 31.6 M | 31.6 M | 30.3 M | 29.4 M | 29.4 M | 25.7 M | 25.3 M | 25.1 M | 25 M | 24.9 M | 24.8 M | 23.9 M | 23.8 M | 23.7 M | 23.7 M | 23.6 M | 23.5 M | 23.5 M | 23.4 M | 23.5 M | 23.5 M | 23.3 M | 23.1 M | 21.9 M | 21.5 M |
Net Income |
-11.2 M | -2.62 M | - | -334 K | -1.44 M | -137 K | - | 1.31 M | -278 K | -7.38 M | - | -3.53 M | -2.83 M | -1.37 M | -207 K | -315 K | -2.34 M | -1.44 M | -2.46 M | 63 K | -5.06 M | -2.08 M | -875 K | -2.99 M | -2.27 M | -2 M | -3.47 M | -2.43 M | -2.16 M | 14 K | -2.12 M | -2.23 M | -66 K | 320 K | -1.56 M | -1.04 M | -1.05 M | -1.62 M | -8.7 M | -4.56 M | -1.01 M | 205 K | 1.79 M | 340 K | 577 K | -452 K | 1.22 M | 4.12 M | 2.97 M | -3.34 M |
Revenue |
4.96 M | 6.6 M | - | 7.62 M | 7.16 M | 7.36 M | - | 5.78 M | 6.28 M | 6.77 M | - | 7.31 M | 7.7 M | 6.73 M | 7.33 M | 7.92 M | 5.36 M | 6.11 M | 5.44 M | 6.87 M | 7.07 M | 6.87 M | 6.42 M | 4.28 M | 5.26 M | 6.07 M | 4.56 M | 4.3 M | 5.53 M | 7 M | 6.71 M | 5.4 M | 7.03 M | 5.99 M | 6.72 M | 5.7 M | 7.02 M | 6.28 M | 6.13 M | 6.33 M | 7.03 M | 8.5 M | 8.33 M | 7.51 M | 8.59 M | 6.14 M | 8.03 M | 8.26 M | 7.45 M | 5.44 M |
Cost of Revenue |
5.46 M | 5.12 M | - | 4.77 M | 5.59 M | 4.87 M | - | 5.22 M | 5.71 M | 5.06 M | - | 5.62 M | 5.72 M | 5.3 M | - | 5.43 M | 5.14 M | 4.78 M | - | 4.49 M | 6.96 M | 4.89 M | - | 4 M | 4.01 M | 4.25 M | - | 3.02 M | 4.2 M | 3.67 M | - | 4.3 M | 4.43 M | 3.63 M | - | 3.95 M | 4.85 M | 4.35 M | - | 4.1 M | 4.64 M | 4.75 M | - | 3.86 M | 4.07 M | 3.46 M | - | 3.9 M | 3.82 M | 3.2 M |
Gross Profit |
-507 K | 1.47 M | - | 2.86 M | 1.57 M | 2.49 M | - | 559 K | 571 K | 1.71 M | - | 1.69 M | 1.98 M | 1.43 M | 2.68 M | 2.49 M | 225 K | 1.34 M | -471 K | 2.38 M | 106 K | 1.98 M | 1.78 M | 278 K | 1.25 M | 1.82 M | 490 K | 1.28 M | 1.34 M | 3.34 M | 904 K | 1.11 M | 2.61 M | 2.36 M | 1.54 M | 1.74 M | 2.17 M | 1.93 M | 59 K | 2.22 M | 2.39 M | 3.75 M | 4.1 M | 3.65 M | 4.51 M | 2.68 M | 5.24 M | 4.36 M | 3.63 M | 2.25 M |
Operating Income |
-11.2 M | -2.53 M | - | -109 K | -1.79 M | -1.16 M | - | -3.31 M | -2.91 M | -1.96 M | - | -1.87 M | -1.34 M | -1.34 M | - | -394 K | -2.85 M | -2.2 M | - | -1.25 M | -3.64 M | -2.56 M | - | -2.96 M | -2.08 M | -1.98 M | - | -2.42 M | -2.16 M | 22 K | - | -2.23 M | -60 K | 329 K | - | -1.03 M | -1.04 M | -1.61 M | - | -1.06 M | -1.14 M | 322 K | - | 558 K | 911 K | -722 K | - | 1.6 M | 624 K | -427 K |
Interest Expense |
250 K | 120 K | - | 22 K | 351 K | 96 K | - | 87 K | 192 K | 35 K | - | 148 K | 3 K | 12 K | - | 1 K | 37 K | 21 K | - | 1 K | 37 K | 21 K | - | -2 K | -1 K | 15 K | - | 4 K | 3 K | 10 K | - | 11 K | 11 K | 10 K | - | 11 K | 10 K | 11 K | - | 11 K | 11 K | 11 K | - | 10 K | 5 K | 3 K | - | 26 K | 30 K | 29 K |
EBITDA |
-9.65 M | -1.8 M | - | 2.13 M | -121 K | -443 K | - | -1.2 M | -1.48 M | -1.22 M | - | -379 K | -372 K | -862 K | - | 1.15 M | -1.86 M | -1.69 M | - | 232 K | -2.65 M | -2.07 M | - | -1.38 M | -876 K | -1.48 M | - | -1.21 M | -1.34 M | 437 K | - | -1.12 M | 643 K | 655 K | - | -168 K | -506 K | -1.36 M | - | -399 K | -715 K | 526 K | - | 726 K | 1.02 M | -665 K | - | 1.72 M | 694 K | -393 K |
Operating Expenses |
10.7 M | 4.01 M | - | 2.96 M | 3.36 M | 3.65 M | - | 3.87 M | 3.48 M | 3.67 M | - | 3.56 M | 3.31 M | 2.78 M | - | 2.88 M | 3.08 M | 3.54 M | - | 3.63 M | 3.75 M | 4.54 M | - | 3.24 M | 3.33 M | 3.8 M | - | 3.71 M | 3.49 M | 3.31 M | - | 3.33 M | 2.67 M | 2.03 M | - | 2.78 M | 3.21 M | 3.54 M | - | 3.28 M | 3.53 M | 3.43 M | - | 3.09 M | 3.6 M | 3.4 M | - | 2.76 M | 3 M | 2.67 M |
General and Administrative Expenses |
9.02 M | 2.8 M | - | 1.73 M | 1.9 M | 2.17 M | - | 2.2 M | 1.69 M | 1.82 M | - | 1.82 M | 1.71 M | 1.8 M | - | 1.84 M | 1.78 M | 1.94 M | - | 2.04 M | 2.03 M | 2.91 M | - | 1.97 M | 2.15 M | 2.46 M | - | 2.04 M | 1.99 M | 2.01 M | - | 2.18 M | 1.74 M | 1.13 M | - | 1.82 M | 1.93 M | 2.12 M | - | 2.04 M | 2.08 M | 2.24 M | - | 1.92 M | 2.34 M | 2.26 M | - | 1.99 M | 2.23 M | 2.14 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company eMagin Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.