This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Universal Display Corporation Holds 2012 Annual Meeting Of Shareholders

Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED ® technology and materials, today held its 2012 Annual Meeting of Shareholders at the Crowne Plaza Philadelphia West in Philadelphia, PA. The company updated shareholders on its strong financial performance over the past year including its first full-year profit, significant business milestones led by a long-term licensing agreement with Samsung in 2011, and the introduction of an expanded line of UniversalPHOLED products and OLED technologies supported by an ever-strengthening intellectual property portfolio.

“The OLED industry is growing rapidly as the markets for high-performance OLED displays expand and the potential for energy-efficient white OLED lighting builds, and Universal Display is at the forefront of providing state-of-the-art OLED technologies and materials to maximize this potential,” said Steven V. Abramson, Universal Display’s President and Chief Executive Officer. “Our UniversalPHOLED materials and technology are recognized as key elements for energy-efficient OLED displays and white OLED lighting. Our goal is to continue to develop and market OLED technologies and materials that create growth opportunities for Universal Display as well as long-term shareholder value.”

Mr. Abramson highlighted Universal Display’s significant revenue growth and first-ever full-year profit in 2011. Universal Display reported revenues of $61.3 million for the full year of 2011, up 101% compared to $30.5 million in revenue for 2010. Operating income for 2011 rose to $5.7 million, a nearly $16 million increase from an operating loss of $10.2 million for 2010. Universal Display reported net income of $3.2 million in 2011, compared to a net loss of $19.9 million.

Mr. Abramson also noted major business milestones achieved during 2011 including agreements with Samsung Mobile Display Co. (SMD), under which Universal Display will license its technologies and sell its proprietary materials to SMD for use in its line of OLED display products. “For more than a decade, SMD has been an excellent partner and a true visionary in seizing the potential for OLEDs,” said Mr. Abramson. “Our continued partnership will support the introduction of new, high-performance OLED display products and the realization of the full growth potential for the OLED industry.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 -0.76%
FB $101.00 1.47%
GOOG $684.12 0.89%
TSLA $143.67 -3.09%
YHOO $27.10 1.04%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs