Universal Display Corporation announced its results for the fourth quarter and year ended December 31, 2009 today .Universal Display Corporation trades on the “NASDAQ” under the Stock Symbol “
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Universal Display Corporation (
Revenues for the fourth quarter of 2009 were $4,851,012, compared to $3,587,168 for the fourth quarter of 2008. Commercial revenue, which includes commercial chemical revenue, license and royalty revenues, and commercialization assistance revenue, was $1,888,490 for the quarter, compared to $1,355,282 for the fourth quarter of 2008. Developmental revenue, which includes development chemical revenue, contract research revenue, and technology development revenue, was $2,962,522 for the quarter, compared to $2,231,886 for the fourth quarter of 2008. Operating expenses were $9,020,669 for the fourth quarter of 2009, compared to $9,380,361 for the comparable quarter of 2008.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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