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Total revenue increased 26% to $77.6 million in the third quarter of 2018.
November 2, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Universal Display reported financial results for the third quarter ended Sept. 30, 2018. Total revenue increased 26% to $77.6 million in the third quarter of 2018, compared with $61.7 million in the third quarter of 2017. Total revenue for the third quarter of 2018 would have been $91.6 million without the impact of ASC Topic 606. Under ASC Topic 606, license fee revenue is recognized on a per gram sales basis, whereas under the previous rules, revenue was recognized for license payments upon ...
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