eMagin reports its financial results for Q3 2017

Nov 10, 2017

OLED microdisplay maker eMagin reported its financial results for Q3 2017. Revenues in the third quarter were $4.3 million, the same as in Q3 2016. Net loss was $3 million in the quarter. As of September 30, eMagin had $2 million in cash and equivalents and a borrowing availability of $3.7 million.

eMagin XGA096 OLED-XL photo

The results were disappointing, in part due to a manufacturing issue that have since been resolved, according to eMagin. The company says it has experienced a heightened level of activity in the third quarter, both in its commercial initiatives as well as its military programs.

Kopin reports development orders for its OLED microdisplays from several tier-1 companies

Nov 08, 2017

n January 2017 Kopin unveiled its first OLED microdisplay, the 1-inch 120 Hz 2k x 2k Lightning panel, and later reported on an "overwhelming" reaction and a first design win with GoerTek. Kopin now updates that it has "received development orders for several Tier 1 global partners".

Kopin Lightning OLED microdisplay photo

In April 2017, Kopin announced that it reached agreements with both OLiGHTEK and BOE Technology to meet its production needs. Kopin has secured capacity from OLiGHTEK's OLED microdisplay fab for the near term (production should begin in Q1 2018) and will also utilize BOE and OLiGHTEK future OLED microdisplay fab.

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DSCC: Samsung's OLED business saw a decline in profits, but will likely rebound soon

Nov 03, 2017

Samsung recently announced its financial results for Q3 2017, and Specifically regarding its OLED business, SDC increased its sales of flexible OLEDs, but prices of rigid OLED panels declined. DSCC estimates that the utilization at Samsung's OLED fab fell from mid-80% to mid-70% mostly due to delays in shipments to Apple.

SDC OLED revenues, 2015-2017 (DSCC)

The low utilization rate resulted in a decline in OLED operating income, which fell 37% from Q2 2017. Revenues actually increased (as you can see in the chart above), but pricing pressure on rigid OLED panels meant that SDC's OLED operating margins fell from 22.5% in Q2 2017 to 12.4% in Q3 2017. DSCC estimates however that OLED profitability will rebound quickly as Apple are likely to increase iPhone X shipments and as utilization and yield improve. The higher demand for higher-cost flexible OLEDs are likely to enable SDC to return its operating margin to over 20%.

MagnaChip expects its OLED driver business to grow over 50% in 2018

Nov 03, 2017

MagnaChip reported its financial results for Q3 2017. The company generated revenues of $176.7 million with a 28.% gross profit margin and a net income of $5.6 million.

Regarding its OLED business, Magnachip was pleased to report that revenue from OLED display driver ICs increased 15.6% from Q2 2017. The company currently anticipate that it has the potential to generate OLED revenue that will exceed 50% growth and exceed $100 million in 2018.

UDC reports another excellent quarter, raises 2017 guidance

Nov 03, 2017

Universal Display reported its financial results for Q3 2017. Revenues in the quarter reached $61.7 million, up 104% from Q3 2016 ($30.2 million) driven by strong material sales and also increased royalty and license fees. Net income in the quarter was $13.5 million (up $15 million from a $1.5 million loss in Q2 2016).

UDC emitter and host materials photo

UDC's material sales increased 100% from Q2 2016 to reach $12 million, while royalties and license fees increased 131% to reach $12 million. UDC increased its revenue guidance for the full year 2017 to $310 million to $320 million. Revenues in the first nine months were $219.8 million.

The Korea Government approves LG's Guangzhou OLED TV fab

Nov 01, 2017

In July 2017 LG Display announced that it has decided to build a 8.5-Gen (2200x2500) OLED line in Guangzhou, China, to make OLED TV panels. The Korean government hesitated whether to approve this plan, as it sees OLED as a strategic technology Korea' economy and this is the first time a Korean company plans to build an OLED fab outside of Korea.

LG Display's LCD fab in Guangzhou, China

According to a rather confusing report from Business Korea, it seems that the Korean Government committee decided to approve this plan, and LG is now free to start constructing its fab. The new fab, according to the initial plan at least, will be a joint-venture with the local government and LGD will hold a 70% share. The total cost for this fab will be KRW2.6 trillion ($2.3 billion USD).

PPG and UDC complete their OLED material expansion project

Oct 31, 2017

In February 2017 Universal Display announced that the company will invest $15 million in PPG Industries' OLED facility in Barberton, Ohio. PPG will double its commercial production capacity of UDC's phosphorescent OLED emitter materials. The capacity expansion was scheduled to be completed in the third quarter 2017, and indeed today UDC announced that the expansion project is complete.

UDC PHOLED materials photo (2017)

PPG Industries and UDC established a strategic relationship in 2000, and PPG is the exclusive producer of UDC's PHOLED emitter materials. In 2013, the two companies opened this OLED production plant in Barbertron as demand for OLED materials increased.

LGD reports its financial results for Q3 2017, sees increased OLED TV shipments

Oct 25, 2017

LG display reported its financial results for Q3 2017 - revenues increased 4% over 2016 to reach $6.18 billion and operating profit increased 81% and reached $520 million.

LG Display 2017 Q3 earning results slide

LGD reported that it has increased its OLED TV panel shipments as it increased production capacity, and its wallpaper OLED TVs have received "excellent responses in the market". LGD says it will continue to focus on OLED products as part of its long-term preparation for the future.

Samsung may lower its A5 fab production capacity as competition still struggles with low yields and quality

Oct 20, 2017

Earlier this year, reports suggested that Samsung Display is considering a new flexible OLED plant, its largest OLED fab yet. The so called A5 fab was reportedly to have a monthly capacity of between 180,000 to 270,000 6-Gen substrates (it's current largest OLED fab, the A3, will have a monthly capacity of 135,000 substrates when the current expansion phase ends later this year).

A new report from Business Korea suggests that Samsung has confirmed the new fab, and is now debating whether the first phase in the A5 fab will have a capacity of 30,000 or 60,000 monthly substrates. Samsung will start constructing the fab in December 2017. The new fab building alone is estimated at $1.75 billion.

Samsung reported preliminary results for Q3 2017 - record profits, disappointing OLED profits

Oct 14, 2017

Samsung Electronics released its preliminary Q3 2017 financial results. Operation profits rose 15% from last quarter to reach 14.5 trillion Won (around $12.8 billion USD). Samsung's memory business enjoyed strong pricing, and while the company did not detail its smartphone sales breakdown, it said earlier that initial pre orders for the Galaxy Note 8 were the highest ever for any Note device.

Samsung Galaxy Note 8 photo

Samsung Display had a disappointing quarter - with profit falling 53% over last quarter. LCD panel pricing was lower in the quarter, and OLED sales were lower than expected due to delayed shipments of its flexible OLEDs to Apple.

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