$EMAN follow the money: Our revenue for the second quarter reached $7.7 million, an increase of 44% year-over-year, and 15% sequentially from the first quarter of 2020. We had solid bookings during the quarter and ended the quarter with a backlog of $13.3 million of product to be shipped within the next 12-months. Our operating loss declined to $1.3 million from a loss of $2.8 million a year ago. It was sequentially flat with the first quarter of 2020. This resulted from higher R&D expenditures. Our R&D in Q2 compared to Q1 was higher as we focused on the installation and qualification of the redesigned dPd tool and the OLED XLE display. And we just received $40M in DoD awards.
  • 7