Loading...
•
Sep 30, 2021
Universal Display Q3 2021 Earnings Report
Reported solid third quarter results with record revenue.
Key Takeaways
Universal Display Corporation reported strong third-quarter results, highlighted by a record revenue of $143.6 million, driven by increased royalty and license fees, as well as higher material sales due to stronger demand in the OLED display market. The company reaffirms its revenue guidance range of $530 million to $560 million despite global supply chain disruptions.
Total revenue reached a record $143.6 million, up from $117.1 million in Q3 2020.
Revenue from material sales increased to $75.6 million, compared to $68.7 million in the prior year.
Royalty and license fees revenue rose to $63.9 million, a significant increase from $44.6 million in Q3 2020.
Operating income was $57.7 million, compared to $48.4 million in the third quarter of 2020.
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 2021 revenue will be approximately in the range of $530 million to $560 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income