Universal Display reported its financial results for Q1 2021. UDC's revenues for the quarter were $134 million (down from $141.5 million in Q4 2020 and up from $112.3 million from Q1 2020) and net income was $51.7 million.

UDC RGB PHOLED materials photo

At the end of the quarter, UDC had $727 million in cash or equivalents. The company retained its 2021 guidance with revenues between $530 - $560 million.

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