Universal Display reported their financial results for Q1 2012: revenues were $12.6 million, and the net loss was $1.2 million. This is a surprise as most analysts expected a profit, and the stock price is dropping around 10%. In Q1 2011 the company reported $9.6 million in revenue.

The company hosted a conference call after releasing the results. First of all we learned that Samsung will pay $30 million in licence fees in 2012. The agreement states that Samsung pays twice a year, in Q2 and Q4. The license fees will grow in 2013.

UDC also reported that the number of customers purchasing OLED materials in the first quarter increased by approximately 50% from the first quarter of 2011. Green phosphorescent emitters and green host material sales slowed in Q1 compared to the second half of 2011. The company believes that the slowdown is temporary.

UDC re-iterated their 2012 revenue guidance ($90 million to $100 million). They do not take any OLED TV related revenue into account.



source: Seeking Alpha

Disclaimer: the author of this post holds shares in UDC

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