Flexible Electronics News

Universal Display Announces 3Q 2016 Financial Results

Company reported revenues of $30.2 million, net loss of $1.5 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display reported financial results for the third quarter and nine months ended Sept. 30, 2016.   For the third quarter of 2016, the company reported a net loss of $1.5 million, or $0.03 per diluted share, on revenues of $30.2 million. For the third quarter of 2015, the company reported net income of $7.0 million, or $0.15 per diluted share, on revenues of $39.4 million.   “Our third quarter 2016 results were in line with our expectations for the year. As we noted last quarter, whil...

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