Flexible Electronics News

Universal Display Announces 2Q 2020 Financial Results

Total revenue in 1H 2020 was $170.2 million as compared to $205.9 million in 1H 2019.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation reported financial results for the second quarter ended June 30, 2020. “While COVID-19 uncertainties will likely continue to weigh on consumer demand in the near-term, we continue to invest and further strengthen our leadership position in the OLED ecosystem and expect to emerge a stronger partner to our customers and the OLED industry,” said Sidney D. Rosenblatt, EVP and CFO of Universal Display. “The challenges of this pandemic continued to impact us in the seco...

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