Universal Display’s Irish Arm Reports Heavy Losses

News Source: 

U.S. OLED manufacturer Universal Display Corporation’s office in Ireland reported a US $21 million loss in 2015 on revenue of US $98.2 million, reported Irish media Independent recently.

UDC is a US $2.4 billion publicly-listed company that invests heavily in the R&D, marketing and selling of OLED lighting products and components.

The company acquired US $87 million to acquire OLED intellectual property of German industrial giant BASF, and used its Irish subsidiary to seal the deal this June.

The Irish business latest accounting reports indicate losses last year escalated compared to the US$ 1 million loss back in 2014.

The company’s revenue was generated from the sale of "non-hazardous chemical materials and licensing", the accounts note.

Nearly all of the ocmpany’s revenue of US $98.2 million in 2015 was from sales in East Asia.

The latest financial results showed UDC’s R&D spending in 2015 amounted was up to US $36.2 million in total, compared to US $34.1 million a year before. The company’s Irish arm comprises seven staff members, including two in sales, and paid in total US $1 million in salaries last year.

UDC parent company in U.S. is expected to release its third quarter earnings this week.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan – 25 January 2023: Nichia, the world’s largest LED manufacturer and inventor of high-brightness blue and white LEDs, is pleased to announce the additions of the NVSW719AC and NVSW219C-V2 to its industry standard ce... READ MORE

Pro9™ LEDs set the new standard for high fidelity (90 & 95 CRI min) LEDs   15% higher efficacy for 90 & 95 CRI LEDs 90 CRI light quality at 80 CRI LPW 95 CRI light quality at 90 CRI LPW Upgrade light quality without sacrific... READ MORE