Flexible Electronics News

Universal Display Announces 4Q, Full Year 2016 Financial Results

For full year 2016, the company reported revenue of $198.9 million, up from $191.0 million for 2015.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display reported financial results for the fourth quarter and year ended Dec. 31, 2016.   For the full year 2016, the company reported revenue of $198.9 million, up from $191.0 million for 2015, primarily driven by higher royalty and license fees and contract research services revenue from our recently completed acquisition, partially offset by lower revenue from commercial material sales.   The company posted operating income of $68.4 million for the year and net income of $48.1 m...

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