Universal Display Q4 2021 Earnings Report
Key Takeaways
Universal Display Corporation reported a revenue increase for Q4 2021, driven by material sales growth, although royalty and license fees decreased. The company is on track to meet preliminary target specifications with its phosphorescent blue by year-end 2022, which should enable the introduction of our all-phosphorescent RGB (red, green and blue) stack into the commercial market in 2024.
Total revenue increased to $146.2 million from $141.5 million in Q4 2020.
Material sales revenue rose to $85.8 million compared to $62.5 million in Q4 2020.
Royalty and license fees decreased to $56.0 million from $75.0 million in Q4 2020.
Net income was $45.9 million, or $0.96 per diluted share, compared to $53.9 million, or $1.13 per diluted share, in Q4 2020.
Universal Display
Universal Display
Universal Display Revenue by Segment
Forward Guidance
The Company believes that its 2022 revenue will be approximately in the range of $625 million to $650 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income