UDC reports Q3 2013 results - $32.8 million in revenues and a net income of $5.5 million

Universal Display announced their financial results for Q3 2013 - $32.8 in revenues (up from $12.5 in Q2 2012) and a net income of $5.5 million. Those excellent results are "directly attributable to the commercial adoption of its red emitter, green emitter and green host materials".

Looking forward, UDC says that the "OLED industry is poised for robust growth as product roadmaps are further developed, new manufacturing capacity ramps and new display and lighting manufacturers enter the market". They raised their guidance for 2013 revenues to be $142-$144 million (the previous estimate was $110-$125 million).

Disclosure: the author of this post holds some shares in Universal Display

Posted: Nov 09,2013 by Ron Mertens