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eMagin Corp. (Amex:EMAN), the leader in OLED technology for the design and manufacture of OLED microdisplays for high resolution imaging products, announced financial results for the third quarter of 2011 ended September 30, 2011. Revenues for the third quarter were $8.3 million, essentially the same as for the comparable period in 2010. On a sequential basis, third quarter revenue was up 10.9% over second quarter revenue of $7.4 million. Gross margin for the third quarter was 53% of revenues for gross profit of $4.4 million, compared to a gross margin of 66% for gross profit of $5.5 million in the same quarter last year. Gross margin for the third quarter improved over the second quarter gross margin of 49% due to semi-fixed production expenses being spread over a higher revenue base.
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