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Dec 31, 2020
Universal Display Q4 2020 Earnings Report
Universal Display reported strong Q4 2020 results, marked by record quarterly revenue and significant growth in royalty and license fees.
Key Takeaways
Universal Display Corporation reported record quarterly revenue of $141.5 million in Q4 2020, a significant increase from $101.7 million in Q4 2019. The company's net income also rose to $53.9 million, or $1.13 per diluted share, compared to $26.4 million, or $0.56 per diluted share, in the same quarter of the previous year. Growth was primarily driven by an increase in royalty and license fees.
Total revenue reached $141.5 million, up from $101.7 million year-over-year.
Material sales revenue was $62.5 million, slightly up from $60.8 million year-over-year.
Royalty and license fees revenue significantly increased to $75.0 million from $37.8 million year-over-year.
Net income increased to $53.9 million, or $1.13 per diluted share, compared to $26.4 million, or $0.56 per diluted share, year-over-year.
Revenue by Segment
Forward Guidance
The company anticipates 2021 revenue to be approximately in the range of $530 million to $560 million.
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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