Universal Display Q4 2020 Earnings Report
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.
Universal Display
Universal Display
Universal Display 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