Universal Display (UDC) posted their financial results for Q1 2011. Revenues were $9.6 million (126% increase over Q1 2010), operating loss was $2.74 million and net loss was $11.8 million (which included a $8.9 million non-cash loss on stock warrant limitability - due to the large increase in UDC's stock).
Investors do not seem happy, and the stock dropped around 16% in early trade.
Posted: May 10,2011 by Ron Mertens
