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Jun 30, 2020
Universal Display Q2 2020 Earnings Report
Second quarter 2020 financial results announced with revenue decreasing due to weakened demand for emitter products and the impact of advanced purchases.
Key Takeaways
Universal Display Corporation reported a decrease in revenue for Q2 2020, primarily due to weakened demand for emitter products as a result of the COVID-19 pandemic and the impact of advanced purchases in the prior quarter. Total revenue was $58.0 million, compared to $118.2 million in Q2 2019. Net income was $815,000, or $0.02 per diluted share, compared to $43.4 million, or $0.92 per diluted share in Q2 2019.
Total revenue for the second quarter of 2020 was $58.0 million, a decrease from $118.2 million in the second quarter of 2019.
Revenue from material sales was $31.9 million in the second quarter of 2020, compared to $76.3 million in the second quarter of 2019.
Revenue from royalty and license fees was $22.4 million in the second quarter of 2020, compared to $38.9 million in the second quarter of 2019.
Net income was $815,000, or $0.02 per diluted share, in the second quarter of 2020, compared to $43.4 million, or $0.92 per diluted share in the second quarter of 2019.
Revenue by Segment
Forward Guidance
Due to the ongoing uncertainties regarding the scope and duration of the COVID-19 global pandemic, the Company continues to refrain from providing 2020 revenue guidance, which was withdrawn on May 7, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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