Universal Display announced its financial results for Q2 2016. Revenues reached $64.4 million (an increase of $10.8 over Q2 2015 ) and net income was $21.8 million. This quarter includes a $33.7 million license payment from Samsung Display. UDC results disappointed investors which expected higher revenue and earnings. Operating cash flow in the quarter was $36.2 million and the company’s cash and equivalents at the end of the quarter were $332 million (down from $395 million in the end of Q1 2016, following the $96 million BASF IP acquisition and the $36 million Adesis acquisition ). Read more about UDC reported its financial results for Q2 2016

See original here:
UDC reported its financial results for Q2 2016