UDC, OLED market awaiting to bloom
On the 6th, Universal Display Corporation (UDC), the U.S panel company, announced on their website that the 3Q/2014 Performance Summary was released on 30th October.
The sales for the third quarter of 2014 is $32.9 million similar to $32.8 million which was the 3Q sales in the previous year. It is analyzed that the rise by a small margin is because the royalties and license fees were increased from $1.5 million in the third quarter of the last year to $5.4 million. In addition, another result includes the decrease of materials sales by 9% from $30.3 million to $27.5 million. It is considered that it fell due to the poor host materials sales. The business profit is $6.1 million, increased $1.9 million from the same period a year earlier.
The sales by the third quarter of 2014 is $134.9 million, increased by 39% as compared to the corresponding period last year. Though there is little demand for materials as the OLED industry is still in the preliminary stage, the UDC indicated on the report that there are variables to come. For that reason, the sales for this year is expected to be between $183 million and $185 million.
