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Total revenue increased 87% to $55.6 million in the first quarter.
May 5, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Universal Display Corporation reported financial results for the first quarter ended March 31, 2017. Total revenue increased 87% to $55.6 million in the first quarter, compared with $29.7 million in the first quarter of 2016 driven by higher material sales as well as royalty and license fees. Revenue from material sales increased 92% to $46.6 million in the first quarter, compared with $24.3 million in the first quarter of 2016 and increased 60% sequentially from $29.2 million in the fourth ...
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