The company, embodying the OLED technology, finished the quarter with losses
Universal Display this summer at BASF purchased more than 500 patents in the field of OLED, reported for the last quarter.
Quarterly revenue, which represents the OLED technology (by the way, Universal Display owns the domain OLED.com) amounted to 30.2 million dollars. This is significantly less than the same period last year, when Universal Display income was equal to 39.4 million dollars. What is worse, net profit a year ago amounting to USD 7 million in the last quarter gave way to a loss of $ 1.5 million.
However, the developer of technologies and manufacturer of materials for OLED does not lose optimism. According to him, growth will resume next year as the leading OLED panel manufacturers are expanding production, hoping to start production of the next wave of products just next year.
In General, the year Universal Display expects revenue in the range of 190-200 million dollars.
Source: Universal Display