Universal Display announced record revenue of $11.3 million (a 33% increase compared to Q2 2010). Commercial revenue was $5.3 million - a 170% increase over last year - mostly due to Samsung AMOLED capacity expansion. Operating loss was $1.1 million (down from $1.9 million). When taking stock warrant liability into account, net income was $3.2 million. The company is operation-cash positive ($223,000 in the quarter), and has about $326 million in cash or short-term investments.
During the conference call, the company gave some interesting updates. They say that no-one is currently using their green PHOLED material in commercial product. But they say that about half of their development revenues were from the sales of green-emitter and host materials (and over 10 customers are evaluating green). Our (trusted) source said that Samsung are using green in their 5.5-Gen fab - perhaps UDC cannot say it's commercial until they sign a new license agreement with Samsung that includes green. Or perhaps our source was wrong.
The company also reports an increase interest in their OLED technology - "more companies are approaching us, taking access to our materials and license rights compared to this time a year ago".