Investing in OLEDs: discover OLED stocks to invest in - Page 11

China-based OLED maker Visionox reported good preliminary financial results for 2020, with increased sales and improved revenues and profits. The company expects its net profit to be around 141-210 million Yuan ($21-31 million USD), which will represent an increase of 120-227% over 2019.

The company says that its ability to innovate OLED technologies (specially the world's first OLED with an under-the-screen camera and the world's first 144Hz refresh rate OLED) enabled the company to increase its customer base and in 2020 it has added OPPO and Motorola as customers.

Samsung Electronics reported its Q4 2020 financial results, with revenues of $55 billion and net income of $5.84 billion (less than expected by analysts). The company says that the lower revenues were due to a weakness in the memory and consumer devices businesses, offset by the best quarter ever for Samsung Display.

Samsung expects its OLED business to improve in the next quarter as major customers increase adoption of OLED displays. Looking ahead to 2021, Samsung sees increased demand for OLEDs for high-end and mid-range smartphones. The company aims to diversify into markets such as laptops, tablets and automotive applications.

LG Display reported its financial results for Q4 2020. Revenues reached $6 billion USD, up 11% from Q3 2020 and 16% from Q4 2019. Net profits jumped to $555 million, up from $10 million in Q3 2020 and a loss of $1.6 billion in Q4 2019.

LG Display says that demand for TV and IT products remained strong as the global work-from-home situation continued. Shipments of OLED TV panels and p-OLED smartphone panels increased meaningfully.

US-based Lumentum, a designer and manufacturer of innovative optical and photonic products, has announced that it is acquiring Coherent for around $5.7 billion. The two companies will merge to create a unified laser and photonics company.

Coherent is a leading supplier of ELA equipment for OLED production and in recent years the company reported a surge in system orders for flexible AMOLED production.

BOE announced it is raising new funds (a total of $3 billion) towards several projects, including an increase at its stake at its LCD lines and increase the capital at its 6-gen flexible AMOLED line in Chongqing.

According to the reports from China, one of these projects is a $155 million USD project to develop 12-inch OLED microdisplay production. This is a large sum that will also likely include funds to actually start 12-inch production and not just R&D.

According to reports from Korea, Visionox has started production at its M4 flexible OLED module line in Guangzhou.

Earlier this month Visionox announced that it lighted up its 6-Gen flexible OLED production line in Hefei, Anhui, China. The company is quickly ramping up its production capacity and is also planning a fourth panel production line in Chengdu.

A couple of months ago we reported that researchers at UDC developed an OLED device with plasmonic decay rate enhancement that dramatically increase device stability. It turns out that UDC filed for two new trademark applications that seem to hint it is aiming to commercialize this technology.

The two trademarks at PLASMON PHOLED and PLASMONLED, which both of course indicate that these are emitters that adopt plasmon technology.

OLED microdisplay maker eMagin posted its financial results for Q3 2020. While the company had a strong quarter in its main military market, but eMagin total sales were lower than expected as the medical and commercial markets were effected by the COVID-19 pandemic.

eMagin reports revenues of $7.3 million, a decline of $0.6 million from Q3 2019. Net loss for the third quarter of 2020 was $3.5 million compared to a loss of $0.3 million in 2019. At the end of the quarter, eMagin had cash and equivalents worth $10.3 million. The company's backlog at the end of the quarter was $10 million.

Universal Display reported its Q3 2020 financial results, with revenues of $117 million (up from $58 million in Q2 2020 and $98 million in Q3 2019, and a net income of $40.5 million. UDC ended the quarter with with $673 million in cash and equivalents

UDC reports a significant pickup in customer orders in the third quarter, and the company expects full-year 2020 revenues to be in the range of $385 million to $400 million. UDC sees meaningful growth in the OLED industry in 2021 and beyond.

China-based OLED maker Visionox posted its Q3 2020 financial results, with a net loss of $17.7 million, down from $35 million in Q3 2019. Demand for Visionox's AMOLED displays is on the rise, while demand for LCD displays (which Visionox does not produce) is down in China.

In the video above you can see Visionox's latest foldable, wrap-around, rollable and flexible panels, in several configurations, as shown at SID Displayweek 2020. Visionox recently started shipping OLED displays with an under-the-display camera.