Universal Display Corporation (NASDAQ:OLED) Q3 2023 Earnings Call Transcript

Brian Millard: Yes. Yes, absolutely. Our underutilization costs that we recorded in Q3 were $2 million, and in the prior quarter, they were approximately, I believe, slightly over $4 million. So, it is a decreasing trend. And as we head into next year, we also expect to be able to continue to utilize Shannon to a greater degree next year as well as in the years beyond that. It’s a great capability, excellent part of our manufacturing network, and we expect to be able to utilize it to a greater degree as our business continues to grow.

Operator: Thank you. This will conclude the question-and-answer session. I would like to turn the call back over to Brian Mallard for any additional or closing remarks.

Brian Millard: Thank you for your time today. We appreciate your interest and support. Have a good evening.

Operator: Thank you. This will conclude today’s conference. You now may disconnect your lines.