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Mar 31, 2022
Universal Display Q1 2022 Earnings Report
Reported solid first quarter results with revenue growth driven by material sales and royalty and license fees.
Key Takeaways
Universal Display Corporation reported first quarter 2022 financial results with total revenue of $150.5 million, an increase compared to $134.0 million in the first quarter of 2021. Net income was $50.0 million, or $1.05 per diluted share, compared to $51.7 million, or $1.08 per diluted share in the first quarter of 2021.
Total revenue was $150.5 million, up from $134.0 million year-over-year.
Material sales revenue increased to $86.7 million from $79.8 million year-over-year.
Royalty and license fees revenue rose to $59.8 million from $50.9 million year-over-year.
The company is on track to meet preliminary target specs with its phosphorescent blue by year-end, which should enable the introduction of its all-phosphorescent RGB stack into the commercial market in 2024.
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
The Company continues to believe that its 2022 revenue will be approximately in the range of $625 million to $650 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income