Flexible Electronics News

Universal Display Announces 1Q 2013 Financial Results

Revenues increased from 1Q 2012

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation announced its results for the first quarter of 2013. The company reported a net loss of $4.8 million, or ($0.10) per diluted share for the quarter ended March 31, 2013, compared to a net loss of $1.2 million, or ($0.03) per diluted share, in the first quarter of 2012. Revenues for the first quarter of 2013 were $15 million, up 19% compared to first quarter 2012 revenues of $12.6 million, led by a 21% increase in material sales to $12.8 million compared to first q...

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