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UDC Q1 Loss Widens

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EWING, N.J., May 11, 2009 -- Phosphorescent organic LED maker, Universal Display Corp. (UDC), reported a net loss of $5.5 million, or 15 cents a share, for the first quarter of 2009. The result compares to a net loss of $4.1 million for the first quarter of 2008. The company attributed the increase to increased operating expenses and a decrease in interest income. Revenues for the first quarter of 2009 were up slightly, $2.8 million compared to $2.7 million a year ago. Commercial revenue for the quarter, which includes commercial chemical revenue, licensing and royalities, was $1.3 million, down from 2008's $1.5...Read full article

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    Published: May 2009
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    ConsumerDisplayselectronicfirst quarterindustrialmonitorsMP3net lossNews & FeaturesOLEDsphotonicsrevenueSidney RosenblattTVSUniversal Display Corp.LEDs

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