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UDC announces 4Q 2009 financial results
Universal Display has announced their 4Q 2009 financial results: a net loss of $3.8 million with $4.8 in revenue. Commercial revenue (chemical sales and royalties) rose to $1.9 million from $1.4 million in 4Q 2008 (35%). This shows the fast growth of AMOLED production, mostly by Samsung , and also the fact that LG is gearing up towards a new 3.5G plant in a few month, and have bought more ‘development chemicals’. UDC also reports about AU Optronics efforts to build new production lines (they plan to start mass producing OLEDs again in 2011 ) – they say that AUO are using their PHOLED materials (which is not a big surprise since they used these back in 2006 )
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UDC announces 4Q 2009 financial results
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