Universal Display reported its financial results for Q4 2018 - with revenues of $70.1 million and a net income of $19.2 million. UDC increased its quarterly dividend to $0.1 per share, and expects its 2019 revenues to be in the range of $325 to $350 million.
UDC recently adopted a new accounting standard (ASC 606) which lowers its revenue and income in the early stage of each royalty and material sales contact.
UDC believes that 2019 will see return to growth in the OLED industry as new capacity comes on line and new OLED products are launched. For its R&D efforts, UDC is focused on blue material development and its OVJP production technology.
To read the entire article, sign up for OLED-Info Pro
Subscribe Now
OLED-Info Membership Benefits:
- Access to premium content
- A comprehensive guide to the OLED industry
- OLED Insights and trends analysis
- AI-powered assistant built specifically for the OLED industry
- A content library of 250+ brochures, catalogs, roadmaps, presentations and more.
- Detailed structured information on OLED devices, fabs, microdisplays, automotive applications and more
- Online access, easy subscription model, cancel at any time
- Only $199.99 per year (with group discounts)
Source:
Posted: Feb 22,2019 by Ron Mertens
