How did Universal Display's revenue and expenses trend in Q4 2024?

**Universal Display's Revenue and Expenses Trend in Q4 2024**: 1. **Revenue Trend**: - **Q4 2024 Projection**: The company lowered its full-year revenue forecast to $625 million to $645 million, indicating a reduction in expected fourth-quarter sales. - **Year-to-Date Performance**: Revenue through Q3 2024 was $485 million, up 16% year-over-year. This suggests a strong performance leading up to Q4, but the expectation for Q4 is lower. 2. **Expense Trends**: - **Gross Profit**: In Q3 2024, the company had a gross margin of 78%, which is a positive indicator of efficient production costs. - **Operating Expenses**: Q3 2024 saw operating expenses of $59 million, with operating profit and net income reaching $67 million. - **R&D and SG&A**: Specific Q4 2024 data for R&D expenses and SG&A expenses is not available. However, the company has been investing significantly in new OLED facilities, with approximately $20 billion in new Gen 8.6 OLED facilities. 3. **Profitability Metrics**: - **Net Income**: Q3 2024 reported net income was $67 million, with earnings per diluted share of $1.40. - **Operating Margin**: The operating margin was 41% in Q3 2024, reflecting efficient operations. 4. **Challenges in Q4**: - **Customer Order Cuts**: Orders were cut across multiple customers, affecting growth projections for Q4. - **Inventory Adjustments**: Inventory adjustments and customer expectations for certain models contributed to the order cuts. In conclusion, while Universal Display has shown strong revenue growth and profitability in previous quarters, the Q4 2024 outlook reflects challenges with lower-than-expected sales and customer order cuts, impacting the growth rate and revenue figures for the period.