Universal Display reported its financial results for Q2 2020. The COVID-19 pandemic continued to impact UDC, as customer orders and shipments declined. UDC reports $58 million in revenues (down from $112 million in Q1 2020 and $118 million in Q2 2020) and a net income of $800,000. Part of the reason for the revenue drop were two orders made in Q1 (worth $44 million) as safety-stock due to the trade concerns and COVID-19 uncertainties.

Universal Display PHOLED materials photo (2020)

While the second quarter was very disappointing for UDC, the company reports that demand has picked up in July (the first month of Q3) as customer orders increased. There are still "significant uncertainties" ahead and the company will not provide any guidance until visibility improves.

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Blue

Ron - what are your thoughts on the discussion about blue on the conference call? Sounds like a promising development. Looks like the market thinks so too, at this time.

Honestly - I am not sure I

Honestly - I am not sure I have anything smart to say about the current status of the blue PHOLED R&D.

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