Investing in OLEDs: discover OLED stocks to invest in - Page 8

Samsung Electronics reported its financial results for Q1 2022. Revenues hit a new record of 77.78 trillion Won ($61.2 billion USD) and the operating profit was 14.12 trillion Won ($11 billion USD).

Samsung Display's revenues were 7.97 trillion Won ($6.3 billion USD) with an operating profit of 1.09 trillion Won ($900 million USD). Samsung says its mobile display earnings improved from 2021, led by strong demand for OLED smartphone displays and growing adoption of OLED displays in laptops and gaming devices.

Poland-based TADF developer Noctiluca went public at the Polish NewConnect stock exchange last week. The company now trades under the NCL ticker.

Noctiluca did not raise any funds in this IPO, as it has no need for more funds at this stage, but this move will enable some stock holders to realize their funds and other to join as stakeholders in the company.

Universal Display reported its financial results for Q4 2021. Revenues for the quarter were $146 million, while net income was $46 million

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

LG Display reported its Q4 2021 financial results. Revenues increased 18% compared to Q4 2020, and reached $7.3 billion, while net income fell to $150 million down from $500 million a year ago. LGD says that the drop in profit is due to one-off costs related to employee bonuses, and lower LCD panel prices.

For the whole of 2021, LG Display recorded all-time high revenues of $25 billion, with a 23% increase over 2020.

OLED microdisplay maker eMagin posted its preliminary financial results for Q4 2021. eMagin sees increased product revenues in the range of $6.8 to $7 million (up 10% to 13% from Q4 2020). Contract revenues were about $0.2 million (down from $1.5 million in Q4 2020).

eMagin says that its core military business is enjoying a ramp up in volume, and the company's backlog at the end of the year increased 26% from the end of 2020. The lower contract revenues were primarily due to timing of development work for a tier-one consumer customer, but eMagin continues to work on this project and anticipates ongoing contract revenue with this customer.

OLED driver IC developer MagnaChip announced that it is expanding its OLED IC product lineup as it is developing a next-generation OLED DDIC for automotive displays.

Magnachip is developing an OLED DDIC for automotive based on the 40nm process technology, targeting center stack displays and instrument cluster displays. The company plans to supply the new product to premium European car manufacturers in the first half of 2023. The new driver will support a wide range of resolutions (including FHD) and will work with both rigid and flexible OLED displays.

OLED microdisplay maker eMagin reported its financial results for Q3 2021. Revenues were $5.8 million in the quarter, down from $7.3 million in Q3 2021. Operating loss in the quarter was $3.3 million (down from $1.9 million in Q2 2021).

eMagin says that during the quarter it continued to grow its ENVG-B program revenues and also its medical customer revenues, but in total its revenues decreased due to timing issues of certain military orders, and also $1.3 million in shipments were delayed to Q4 due to to production issues and unexpected manufacturing tool downtime.

Universal Display reported its financial results for Q3 2021. Revenues were a record $143.6 million, up from $117.1 million in Q3 2020 and net profit was $46.1 million (up from $40.5 million from Q3 2020). The company has about $789 million in cash and equivalents, the it reiterates its full-year 2021 revenue guidance to be between $530 million and $560 million.

Regarding its blue PHOLED R&D effort, UDC says it is making "excellent progress", and the company believes that a commercial blue material is a question of when and not if.

Samsung Electronics reported its financial results for Q3 2021, with record quarterly sales ($63 billion USD) and an increase of 31% in net profits (to $10.5 billion).

The strong performance was mostly thanks to Samsung's chip business and the weak Korean won. Samsung's display business also enjoyed a good quarter, with strong sales of small and medium-sized OLED panels. Samsung's large-area LCD business, though, posted losses as prices of LCD panels declined.

Earlier this year, OLED driver IC developer MagnaChip announced that it is being acquired by China-based Wise Road Capital, for $1.4 billion. We reported that the Committee on Foreign Investment in the United States (CFIUS) is looking into blocking this deal, and now the CFIUS made its final decision.

The CFIUS stated that "It has confirmed the national security risks that may arise in the United States from the acquisition of MagnaChip by the Chinese private equity fund". This pretty much cancels the potential acquisition.