PlayNitride reported its earning results for Q3 2024 - with an increase in revenues to $16.1 million USD (up 49% from Q3 2023). The company reported its first net income, of $1.8 million (up from a loss of $2.7 million in Q3 2023). For the first nine months of 2024, PlayNitride reported revenues of $32.5 million USD, up from $21.5 million in the first nine months of 2023.
PlayNitride also approved a bond issue, raising $24.6 million USD. The company's stock price has risen shapely in recent months.
Last year AUO announced a $21.5 million agreement with PlayNitride to build a 6-inch microLED production line at AUO's Longtan factory. Earlier in 2023, PlayNitride said that it is increasing its production volume to 10,000 6" wafers per month.
PlayNitride is developing a wide range of displays: tiled large-area displays (PixeLED Matrix), wearable panels, microdisplays, transparent displays, and more. In 2022, PlayNitride started to sample microLED panels for over 5 potential automotive customers.
