Universal Display Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Universal Display

OLED 145.89

-0.9%

9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: MorganBucks	5/4/2017 8:21:03 PM
	of 129

What happened with Universal Display this quarter? This quarter did not include payments under under Universal Display's long-term patent and material-supply agreement with Samsung Display (SDC). As a reminder, last quarter, management confirmed that Samsung's total license fee this year will be $90 million -- up from $75 million in 2016 -- to be received in two equal payments in the second and fourth quarters.As I noted last week, some industry watchers speculate that Samsung Display may opt to convert to a more lucrative running royalty arrangement when the current deal expires at the end of this year. That deal could be similar to the one Universal Display signed in early 2015 with LG Display, which runs through 2022.Material sales grew 92% year over year, to $46.6 million, driven by higher emitter sales.Royalty and license fee revenue increased 32%, to $7.0 million.Contract research services revenue was $1.9 million, generated by Universal Display's acquisition of contract research organization Adesis last summer.It ended the year with $325 million in cash, cash equivalents, and short-term investments.It maintained a quarterly cash dividend -- which was initiated last quarter -- at $0.03 per share.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next