Universal Display reported Q1 2016 financial result, with a net income of $1.9 million on revenues of $29.7 million (down from $31.2 million in Q1 2015). Commercial emitter revenue grew 8% and royalty and license fees increased 22% (to $5.3 million). The decrease in revenue is due to a decline in host material sales. UDC has $395.7 million in cash and equivalents as of March 31 2016.

UDC did not change its guidance for 2016 of $220 million (a 15% increase over 2015) plus or minus 5%.

Disclosure: the author of this post holds some shares in Universal Display

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spin much?

Wow, this site provides great info on the science, and it should just stick to that. Total revenue was the lowest in 3 years. I won't go into everything else, but why didn't you link to the transcript like you usually do. Is it because analysts were up in arms as management pretty much lied in response to their questions and then got caught in the act?