Universal Display announced their financial results for Q2 2013. Revenues were $49.4 million and net income was $15.4 million - this was higher than expected and was driven by high green materials (emitter and host) sales to Samsung (green was finally adopted for the GS4). UDC says material sales grew 111% compared to Q2 2012 to $12.8 million, and royalty and license fees were up 37% (to $21.2 million, out of which $20 million were from SDC).
UDC said it expects full-year results to reach the high-end of its previous forecast - which was $110-125 million.
Regarding patents, UDC says there have been no material or significant new challenges or decisions. In the second half of 2013 they are expecting a decision on one patent hearing and a couple of oral hearings are scheduled.
Disclosure: the author of this post holds some shares in Universal Display
