Universal Display reported its financial results Q3 2016: revenues were $30.2 million (down from $39.4 million in Q3 2015) and the net loss was $1.5 million (down from $7 million in Q3 2015). UDC says that the lower revenues are due to increased customer production efficiency and product mix - and also a decline in host material sales. Royalties fees were $5.2 million, unchanged from last year.
UDC has $301 million in cash and equivalents, and in the third quarter the company generated $4.1 million. The company's guidance for full-year 2016 remains unchanged, and revenues are expected to be in the range of $190 million to $200 million.
UDC is very optimistic about the future of the OLED industry and sees OLED makers building capacity for the next wave of high volume OLED production. This production will begin ramping next year, and UDC believes it has a strong leadership position in the OLED ecosystem
Disclosure: the author of this post holds some shares in Universal Display
