CommercializationThe biggest incremental update provided on the call was around the timing of blue commercialization, which OLED now expects to occur in 2025.
Product DevelopmentUDC’s update on its efforts to achieve commercial specifications on its phosphorescent blue emissive materials was modestly disappointing, as the company now expects this work to extend beyond this year, into 2025.
RevenueRoyalty and License revenues were down 13% Q/Q.