Universal Display reported its financial results Q3 2016: revenues were $30.2 million (down from $39.4 million in Q3 2015) and the net loss was $1.5 million (down from $7 million in Q3 2015). UDC says that the lower revenues are due to increased customer production efficiency and product mix - and also a decline in host material sales. Royalties fees were $5.2 million, unchanged from last year.
UDC has $301 million in cash and equivalents, and in the third quarter the company generated $4.1 million. The company's guidance for full-year 2016 remains unchanged, and revenues are expected to be in the range of $190 million to $200 million.
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Posted: Nov 09,2016 by Ron Mertens
