Universal Display (UDC) logoUniversal Display (UDC) posted their financial results for Q1 2011. Revenues were $9.6 million (126% increase over Q1 2010), operating loss was $2.74 million and net loss was $11.8 million (which included a $8.9 million non-cash loss on stock warrant limitability - due to the large increase in UDC's stock).

Investors do not seem happy, and the stock dropped around 16% in early trade.

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