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Company reports revenues of $58.1 million, GAAP net loss of $0.25 per diluted share.
August 6, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Universal Display reported financial results for the second quarter ended June 30, 2015. For the second quarter of 2015, the Company reported a net loss of $11.8 million, or $0.25 per diluted share, on revenues of $58.1 million, compared to net income of $20.4 million, or $0.44 per diluted share, on revenues of $64.1 million for the second quarter of 2014. The 2015 net loss reflected a $33.0 million write-down of inventory, primarily of an existing host material and associated work-in-proces...
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