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Mar 31, 2020
Universal Display Q1 2020 Earnings Report
Universal Display's Q1 2020 financial results were announced, with revenue increasing year-over-year, but 2020 revenue guidance was withdrawn due to the COVID-19 pandemic.
Key Takeaways
Universal Display Corporation reported a revenue of $112.3 million for Q1 2020, an increase from $87.8 million in Q1 2019. The company's net income was $38.2 million, or $0.80 per diluted share, compared to $31.5 million, or $0.66 per diluted share, in the previous year. Due to the uncertainty of the COVID-19 pandemic, the company has withdrawn its 2020 revenue guidance.
Q1 2020 revenue increased to $112.3 million from $87.8 million in Q1 2019.
Material sales revenue was $66.6 million, up from $54.5 million in the prior year.
Royalty and license fees revenue increased to $43.1 million from $30.3 million year-over-year.
Net income rose to $38.2 million, or $0.80 per diluted share, compared to $31.5 million, or $0.66 per diluted share, in Q1 2019.
Universal Display
Universal Display
Universal Display Revenue by Segment
Revenue by Segment
Material Sales Revenue
CapyFin.comRoyalty and License Fees Revenue
CapyFin.comContract Research Services Revenue
CapyFin.com Forward Guidance
Due to the ongoing uncertainty regarding both the scope and duration of the COVID-19 global pandemic, the Company is withdrawing its previously issued 2020 revenue guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income