Company Revenue Surges
Universal Display Corp., a maker
of organic LED technology for the display and lighting markets, has announced its
fourth-quarter and full year 2010 financial results. Fourth-quarter 2010 revenue
was $10.8 million, more than double that of the same period in 2009. The rise was
primarily the result of increased commercial and developmental chemical sales, the
Ewing, N.J.-based company said. It reported that the sequential growth of commercial
chemical sales in the fourth quarter was driven mainly by its penetration of the
handheld device market. The company expects its technology to migrate to larger
size displays and to the global lighting market. Also, for fourth-quarter 2010,
it reported an operating loss of $201,276, compared with $4.1 million for the same
period in 2009.
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