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Total revenue increased 77% to $219.8 million in the first nine months of 2017.
November 3, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Universal Display reported financial results for the third quarter ended September 30, 2017. Total revenue increased 104% to $61.7 million in the third quarter, compared with $30.2 million in the third quarter of 2016, driven by higher material sales as well as royalty and license fees. “We are pleased to report another outstanding quarter of solid results,” said Sidney Rosenblatt, EVP and CFO of Universal Display. “During the quarter, momentum in the OLED industry continued to grow, fro...
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