Universal Display reported their financial results for Q2 2015. UDC generated $58.1 in revenues (down from $64.1 million in Q2 2014) and saw a net loss of $11.8 million (due to a $33 million green host inventory write-down).
Material sales were $24.3 million (down 32% from Q2 2014) and royalties and license fees were $33.7 million (up from $28.1 million in Q2 2014) - out of which SDC paid $30 million. Excluding the inventory write-down, operating income was $28.5 million and the company generated $28.2 million in the quarter and now has $356.2 million in cash and equivalents.
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Posted: Aug 07,2015 by Ron Mertens
