Universal Display Corp (PANL) Posts Q4 EPS of 12c
Universal Display Corp (NASDAQ: PANL) reported Q4 EPS of $0.12, versus analyst estimate of $0.06. Revenue for the quarter rose 73% to $18.7 million versus the consensus estimate of $17.83 million.
Last year, the company posted an operating loss of $210,000 and a net loss of $5.3 million, or $0.14 per diluted share, on revenues of $10.8 million.
Material sales were $10.8 million for the quarter, up 47% compared to $7.4 million for the fourth quarter of 2010, primarily due to increased material sales under commercial agreements. Royalty and license fees were $5.4 million for the quarter, up 207% compared to $1.8 million for the fourth quarter of 2010, due to $5 million in license payments from a large customer during the quarter.
"Strong demand for both our proprietary materials and technology sustained the momentum in our business, led to another quarter of top and bottom line growth, and lifted the company to its first ever full year profit," said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display.
For earnings history and earnings-related data on Universal Display Corp (PANL) click here.
Last year, the company posted an operating loss of $210,000 and a net loss of $5.3 million, or $0.14 per diluted share, on revenues of $10.8 million.
Material sales were $10.8 million for the quarter, up 47% compared to $7.4 million for the fourth quarter of 2010, primarily due to increased material sales under commercial agreements. Royalty and license fees were $5.4 million for the quarter, up 207% compared to $1.8 million for the fourth quarter of 2010, due to $5 million in license payments from a large customer during the quarter.
"Strong demand for both our proprietary materials and technology sustained the momentum in our business, led to another quarter of top and bottom line growth, and lifted the company to its first ever full year profit," said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display.
For earnings history and earnings-related data on Universal Display Corp (PANL) click here.