Universal Display reported its financial results for Q1 2022, with revenues of $150.5 million and a net income of $50 million. UDC's results were better than expected as the adoption of OLED displays increases in AR/VR, smartphones, foldables, TVs, IT and automotive markets.
UDC reiterated its estimation that it will be ready to introduce a commercial blue PHOLED material to the market in 2024.
Posted: May 06,2022 by Ron Mertens
