Cambridge Display Technology today reported its financial results for the first quarter of 2006. The Company is a pioneer in the development of polymer light emitting diode technology.
Revenues in the quarter were $1.0 million, compared with $1.6 million for the corresponding period in 2005. The majority of revenues arose from Technology Services and Development, but also included sales under Equipment and Supplies as the Company increased sales of inks for use in the evaluation of the technology by major display producers.
Gross profit for Q1 2006 was $0.7 million, compared with $1.1 million for the corresponding period last year.