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From a research and development standpoint, we meet significant advances with our new and next-generation red, green, yellow and blue emissive system.

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2017 revenues for $336 million, up 69% year-over-year; operating income was $146 million, up 114% year-over-year and net income was $104 million or $2.18 per diluted share.

Net income included a onetime charge of $11.5 million from the Tax Cuts and Jobs Act.

Steve Abramson Thanks, Darice and welcome to everyone on today's call.

We are pleased to cap off the stellar year with a solid fourth quarter results.

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Universal Display Corporation (NASDAQ: OLED) Q4 2017 Earnings Conference Call February 22, 2018 PM ET Executives Darice Liu - Director, IR & Corporate Communications Steve Abramson - President & CEO Sid Rosenblatt - EVP & CFO Analysts Brian Lee - Goldman Sachs Jim Ricchiuti - Needham & Company CJ Muse - Evercore Hendi Susanto - Gabelli & Company Rob Stone - Cowen & Company Sidney Ho - Deutsche Bank Mehdi Hosseini - Susquehanna International Group Operator Good day ladies and gentlemen and welcome to Universal Display's Fourth Quarter and Full Year 2017 Earnings Conference Call.

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My name is Rob and I will be your conference moderator for today's call.

At this time, all participants are in a listen-only mode and a brief question-and-answer session will follow the formal presentation.

All statements in this conference call that are not historical are forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995, such as those relating to Universal Display Corporation's technologies and potential applications of those technologies, the Company's expected results, as well as the growth of the OLED market and the Company's opportunities in that market.

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