OLED microdisplay maker eMagin reported its financial results for Q1 2023, with revenues of $6.6 million (a decrease of 11% from last year). Net loss for the quarter was $2.6 million, down from an income of $0.1 million in Q1 2022. At the end of the quarter, eMagin had cash and equivalents of $3.8 million. 

eMagin says that the decrease in revenues is mostly attributed to late deliveries resulting from unexpected production downtime at one of the company's legacy tools and the timing of military orders. The company's total sales backlog remained at $16.0 million, comparable to the end of Q4 2022.

eMagin announced that it developed (and demonstrated) a 15,000 nits WUXGA (1920x1200) full-color OLED microdisplay, setting a new world record (surpassing eMagin's own 10,000 nits record from 2021).

This new microdisplay was deposited using the company's direct-patterning (dPd) technology, which means that there are no color filters. This is a single-stack device, and eMagin says that in the future it could use a tandem architecture to improve the performance further.

Universal Display reported its financial results for Q1 2023, with revenues of $130 million (down from $150 million last year) and net income of $40 million (down from $50 million in 2022).

UDC says that near-term demand for OLED displays is still soft, but the company remains confident on the long-term growth path for OLED displays. Looking ahead into 2023, the company expects yearly revenues to be in the range of $550 million to $600 million.

LG Display reported its financial results for Q1 2023, with revenues of 4,411 billion Won ($3.3 billion USD), down 40% from the previous quarter and 32% from 2022.

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The company says there is 'sluggish demand' for TV and IT products. The company plans to focus on automotive displays, smartphone OLEDs and IT OLEDs (mid-sized panels). LG also aims to increase its sales of OLED gaming monitor panels and transparent OLED displays.

China-based Hyperions, a developer of HTL, HIL, ETL and EIL OLED materials, has filed for an IPO.  The company is now going through financial inspection towards the IPO which will should happen before the end of 2023.

According to the comapny's IPO prospectus, Hyperions has been profitable since 2020. The company's income was around $43 million USD in 2022, up from $30 million in 2021 and $27 million in 2020. The company's net profit was $12 million in 2022, up from $6.6 million in 2021 and $7.3 million in 2020.

OLED microdisplay maker eMagin reported its financial results for Q4 2022, with another strong quarter. The company's revenues reached $8.4 million, up 17% from last year. This is the fifth consecutive quarter in which eMagin achieved year-over-year revenue growth. At the end of the quarter, eMagin had $4.3 million in cash and equivalents.

For the full year 2022, eMagin reported revenues of $30.5 million (up 17% from 2021) and an income (EBITDA) of $2.2 million. 

Universal Display Corporation reported its financial results for Q4 2022, with revenues of $169 million and a net income of $65 million. Looking at 2022 as a whole, revenues reached $617 million (up 11% from 2021) while net income was $210 million, up 14% from 2021. The company ended 2022 with $826 in cash and equivalents.

The company expects the OLED industry to begin a new investment cycle in 2024, but in the near term the company sees a "temporary backdrop", and so expects its 2023 revenues to be in the range of $550 million to $600 million.

OLED driver IC developer MagnaChip announced its financial results for Q4 2022, with revenues of $61 million, down 44.7% compared to Q4 2021, primarily due to severe 28nm wafer shortages.

In full-year 2022, the company reports revenues of $337.7 million, down 28.8% from 2021. The company does report, however, taht it signed a Tier-1 panel customer outside of Korea, and it qualified two new foundries to strengthen its supply chain. During the last quarter, MagnaChip successfully qualified two OLED projects with its two leading panel customers and expect to begin shipping at the end of this quarter.

Samsung Electronics reported its financial results for Q4 2022, with revenues of $57.3 billion, and an operating profit of $3.5 billion.

Samsung says that the "business environment deteriorated significantly in the fourth quarter due to weak demand amid a global economic slowdown". SDC's mobile AMOLED panel business earning declined, as demand for smartphones fell, but its large-area panel business seen a smaller loss as it is increasing sales of QD-OLED panels.

LG Display reports its financial results for Q4 2022, with an operating loss of around $710 million USD (down from a profit of $350 million in Q4 2021). The company says that high inflation and interest rates reduce consumer demand and it sees weak demand and falling prices for both OLED and LCD displays.

LGD says that LCD prices are at an all time low, and the company will accelerate its plans to wind-down its LCD production. During the quarter, the portion of OLED displays out of its total revenues have risen over 50% for the first time. LG Display will also adjust its utilization rate at its OLED TV factories to meet the lower demand.