Universal Display Q4 2022 Earnings Report
Key Takeaways
Universal Display Corporation reported strong financial results for the fourth quarter of 2022, with record revenues of $169.0 million compared to $146.2 million in the fourth quarter of 2021 and net income of $65.1 million or $1.36 per diluted share as compared to $45.9 million or $0.96 per diluted share in the fourth quarter of 2021.
Total revenue in Q4 2022 was $169.0 million, compared to $146.2 million in Q4 2021.
Material sales revenue was $88.3 million in Q4 2022, compared to $85.8 million in Q4 2021.
Royalty and license fees revenue was $75.6 million in Q4 2022, compared to $56.0 million in Q4 2021.
Operating income was $83.1 million in Q4 2022, compared to $56.5 million in Q4 2021.
Universal Display
Universal Display
Universal Display Revenue by Segment
Forward Guidance
The Company believes that its 2023 revenue will be in the range of $550 million to $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income