Flexible Electronics News

OLED Materials Specialist Universal Display Announces 3Q 2021 Financial Results

Total revenue in the first nine months of 2021 was $407.3 million as compared to $287.3 million in the first nine months of 2020.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display reported financial results for the third quarter ended Sept. 30, 2021. Total revenue in the third quarter of 2021 was $143.6 million as compared to $117.1 million in the third quarter of 2020. The increase in revenue was due to higher royalty and license fees, as well as higher material sales primarily due to stronger demand in the OLED display market. Revenue from material sales was $75.6 million in the third quarter of 2021 as compared to $68.7 million in the third quarter ...

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