Universal Display Q4 2019 Earnings Report
Key Takeaways
Universal Display Corporation reported record financial results for Q4 2019, with total revenue reaching $101.7 million, a significant increase compared to $70.1 million in Q4 2018. The company's net income also rose to $26.4 million, or $0.56 per diluted share, compared to $19.2 million, or $0.40 per diluted share, in the same period last year. The strong performance was attributed to the continued proliferation of OLEDs in smartphones, TVs, wearables, and early commercial headway into the IT and automotive markets.
Total revenue increased to $101.7 million from $70.1 million year-over-year.
Material sales grew to $60.8 million compared to $39.9 million in the prior year.
Royalty and license fees rose to $37.8 million from $25.9 million year-over-year.
Net income increased to $26.4 million, or $0.56 per diluted share, compared to $19.2 million, or $0.40 per diluted share, in the prior year.
Universal Display
Universal Display
Universal Display Revenue by Segment
Forward Guidance
The Company believes that its 2020 revenue will be approximately in the range of $430 million to $470 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income