Universal Display reported excellent financial results for Q2 2017. Revenues increased 59% (compared to Q2 2016) to $102.5 million, with material sales increasing 110% to $46.8 million. Net income increased $25.4 million to $47.2 million.

UDC PHOLED materials photo (2017)

UDC has $380 million in cash and equivalents, and is on the lookout for opportunities to use this money. UDC also increased its guidance for 2017 to be in the range of $285 million to $300 million.

UDC says that they are progressing on their quest to develop a long-lasting blue PHOLED, and they are getting close to a commercial material. Another interesting remark was that most of the income from China comes from BOE Display.

Regarding ink-jet printing, UDC does not expect any OLEDs produced by printing technologies in the foreseeable future - and this includes LG's next-gen OLED TV fab (the P10). Finally, UDC's agreement with Samsung Display expires at the end of the year, and UDC is focused on signing an long-term extension and not just a temporary agreement.



UDC Haven't really given any

UDC Haven't really given any real update on blue performance since 2012 - only cryptic messages that they are making progress and hope to have a commercial solution "soon". Statements like that seem solely to keep investors and shareholders happy as if they had made reall progress they would give some details (color point, T95 etc).

Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs