Coherent reports a positive Q4 2019 and sees an increase in OLED system orders

Photonics-based solutions provider Coherent reported its financial results for Q4 2019 - with revenues of $320.8 million, and a net profit of $5.8 million. The company says that these are encouraging results, and full-year outlook is improving.

Coherent's display orders were up significantly for LineBeam systems and service. These systems orders are all destined to China, and the increase in service orders "reflects higher demand for OLED-equipped smartphones in Q4 2019". Orders for OLED cutting using short pulse and CO₂ lasers were also up.