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Xebec and eMagin news +3
Legislation has been introduced to the Senate which would provide a dollar per gallon tax credit for sellers of renewable natural gas to transportation. XEBEF remains at lows with a rebate rate bouncing on either side of 100%. If this gets through Congress it would be a major boost for the company, and far better than the limited and politically expedient moves from the White House. However, relying on Washington to get anything done is risky business.
eMagin has also pre-announced earnings:
The Company currently estimates revenues in the second quarter of 2022 will be between $7.0 million to $7.2 million, which would represent an 11% to 14% increase from revenues of $6.3 million for the second quarter of 2021. The estimated improvement in year-over-year revenues reflects strength in military demand as well as increased revenue contributions from medical customers, partially offset by decreases in contract revenue related to the timing of development activities. As of June 30, 2022, the Company’s backlog of open orders was $14.3 million, including $12.8 million of orders that were shippable within 12 months.EMAN is up a couple cents and percent and I don't care, as this was expected.