The company Universal Display has reported for the last quarter of 2016 and the year as a whole
Universal Display specializes in developing technologies and materials for organic led displays and lighting products, has published a report for the fourth quarter of 2016 and the year as a whole.
Universal Display revenue for the quarter amounted to 74.6 million us dollars, which is 20% more than in the fourth quarter of 2015. Sales of materials for OLED for the year has increased by 5%, to 29.2 million, and license fees by 27%, to 43.6 million dollars. Another $ 1.8 million brought the research on third-party contracts, which is a subsidiary of Adesis. Operating profit in the fourth quarter of 2016 34.8 million dollars, which is 31% higher operating profit in the fourth quarter of 2015, equal to 26.6 million dollars. Net profit for the year rose from 18.1 to 25.8 million dollars.
Income for the year amounted to 198,9 million dollars. In 2015 it was equal to 191,0 million dollars. Income from sale of products amounted to 99.3 million dollars, which is 12% lower than in 2014, when the materials were sold to 113,1 million dollars. In turn, income from licensing increased from 77.8 million to $ 96,1 million dollars. Research on third-party contracts added to the total revenue of 3.5 million dollars. Operating profit for the year amounted to 68.4 million dollars, while in 2015 it was equal to 32.3 million dollars. Net profit for the year increased from $ 14.7 million to 48.1 million dollars.
As at the end of the year, the company had 343,3 million dollars in cash and cash equivalents.
Source: Universal Display