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