Universal Display reported their financial results for Q1 2014 - and the company had another great quarter. Revenues were $37.8 million (compared to $15 million in Q1 2013) and net income was $4.0 million. This does not include Samsung's license fees which will be $50 million in 2014, and will be paid in Q2 and Q4.
Green emitter sales were $17.2 million (up from $11.6 in Q4 2013, and 4.6 a year ago). Green host sales were $12.4 million (up from $9.3 million in Q4 2013 and 3.1 a year ago). Red emitter sales were $3.9 million (up from $2.8 million in Q4 2013 and Q1 2013). UDC now expects 2014 revenues to reach the high end of its $190 million to $205 million guidance range.
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Posted: May 09,2014 by Ron Mertens
