Flexible Electronics News

Universal Display Announces 3Q 2024 Financial Results

Total revenue in the first nine months of 2024 was $485.4 million as compared to $418.1 million in the first nine months of 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display reported financial results for the third quarter ended Sept. 30, 2024. Total revenue in the third quarter of 2024 was $161.6 million as compared to $141.1 million in the third quarter of 2023. Revenue from material sales was $83.4 million in the third quarter of 2024 as compared to $92.5 million in the third quarter of 2023. The decrease in material sales was primarily due to changes in customer mix as material volumes were relatively flat between periods. Revenue from...

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