Flexible Electronics News

Universal Display Announces 4Q, Full Year 2012 Financial Results

Reported second consecutive profitable year

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation announced its results for the fourth quarter and year ended Dec. 31, 2012. For the full year of 2012, the company reported revenues of $83.2 million, up 36% compared to revenues of $61.3 million for 2011. Operating income rose to $13.7 million for the year, up 141% from $5.7 million in 2011. The company reported net income of $9.7 million, or $0.21 per diluted share, for the full year of 2012, compared to net income of $3.2 million, or $0.07 per diluted share, f...

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