Universal Display reported their financial results for Q4 2015 - which were lower than expected. Revenues reached $62.3 million (including $30 million from SDC in licensing revenue) and the operating income was $26.6 million. Net income was $18.1 million up from $13.1 million in Q4 2014.
In 2015, UDC generated $191 million in revenues - exactly the same as in 2014. Material sales were $113.1 million and the net income was $14.7 million (down from $41.9 million in 2014, because of a large inventory write-down earlier in 2015). In 2015, UDC generated $113.6 in cash - more than double 2014's operating cash flow of $47.3 million. The company has $395.5 million in cash and equivalents.
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Comments
Takia - sorry, I forgot to include the disclaimer. Thanks for pointing that out.
I notice the lack of disclosure this time around, does this mean you no longer own OLED shares?