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Technology Stocks : OLED Universal Display Corp
OLED 127.95+3.6%May 17 3:59 PM EDT

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From: qddb8/5/2021 2:35:36 PM
4 Recommendations

Recommended By
Dkjunior143
FenTech
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   of 27205
 
Yearly Guidance from prior year Q2 releases - a trip down memory lane.
Let's hope for a great quarter, no negative surprises, and just maybe a bump in full-year guidance. Fingers crossed here, good luck to all in a few hours.

2016: 2016 Guidance
While the OLED industry is still at a stage where many variables can have a material impact on its growth, based upon the most recent and best information on hand, the Company believes it is prudent to revise its 2016 revenues guidance. The Company now expects 2016 revenues to be in the range of $190 million to $200 million.

2017: 2017 Guidance

Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company believes that its revenues will be in the range of $285 million to $300 million for fiscal 2017.

2018: 2018 Guidance

Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company continues to expect that its 2018 revenues will be in the range of $280 million to $310 million. The guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2018 revenues would be approximately 10% to 15% higher than the revenue guidance range.

2019: 2019 Revised GuidanceAlthough the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company now believes that its 2019 revenue will be approximately in the range of $370 million to $390 million. The guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2019 revenues would be approximately $425 million to $435 million.

2020: 2020 Guidance

As a result of the ongoing uncertainties regarding both the scope and duration of the COVID-19 global pandemic, the Company continues to refrain from providing 2020 revenue guidance, which was withdrawn on May 7, 2020.
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