Flexible Electronics News

Universal Display Corporation Announces 3Q Financial Results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation announced its results for the quarter ended Sept. 30, 2008.   For the third quarter of 2008, the company reported a net loss of $5,302,983, or $(0.15) per diluted share, versus a net loss of $2,960,565, or $(0.08) per diluted share, for the third quarter of 2007.  “The rise in net loss was partially attributable to a decline in revenue of approximately $450,000 and a decrease of $570,000 in interest income, due to reduced rates of return of investments.  This...

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