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Universal Display Corp (NASDAQ: OLED) is at the forefront of the OLED revolution, pioneering innovative technologies and materials that are transforming the display and lighting industries. Established in 1994, the company has built a strong foundation of intellectual property, boasting more than 4,500 issued and pending patents worldwide. Universal Display is renowned for its proprietary OLED technologies and high-efficiency UniversalPHOLED® phosphorescent materials, which are integral to the development of low power and eco-friendly displays and lighting solutions.
As a world-class IP innovator, technology developer, patent licensor, and materials supplier, Universal Display plays a critical role in the rapidly expanding OLED market. The company licenses its cutting-edge technologies, enabling manufacturers to produce high-quality, energy-efficient displays for various applications including mobile phones, tablets, televisions, wearables, personal computers, and automotive interiors.
Universal Display's commitment to research and development has positioned it as a leader in the OLED industry. The company's state-of-the-art UniversalPHOLED materials are recognized for their superior performance and sustainability, making them a preferred choice for leading display and lighting manufacturers. With a significant portion of its revenue generated in South Korea, Universal Display also has a robust presence in Japan, China, the United States, and other major markets worldwide.
Recent achievements and ongoing projects highlight Universal Display's dedication to innovation and excellence. The company continues to advance its technology portfolio, explore new applications for OLEDs, and forge strategic partnerships to strengthen its market position. Financially, Universal Display remains strong, leveraging its extensive patent portfolio and technological expertise to drive growth and create value for its shareholders.
Stay updated with the latest developments, performance metrics, and news about Universal Display Corp to understand the company's impact on the OLED industry and its future prospects.
Universal Display Corporation (NASDAQ: OLED) reported Q1 2021 financial results with total revenue of $134.0 million, up from $112.3 million in Q1 2020. Material sales increased to $79.8 million while royalty and license fees rose to $50.9 million. Net income was $51.7 million or $1.08 per diluted share, compared to $38.2 million or $0.80 per share last year. The company forecasts revenue between $530 million and $560 million for 2021. Additionally, a dividend of $0.20 per share was announced, payable on June 30, 2021.
Universal Display Corporation (Nasdaq: OLED) has approved a cash dividend of $0.20 per share for the second quarter. This dividend will be paid on June 30, 2021, to shareholders on record as of June 15, 2021. The decision reflects the company's strong cash flow generation and commitment to returning capital to shareholders. Future dividends will depend on Board approval. Universal Display, a leader in OLED technologies, holds over 5,000 patents globally and emphasizes its position in energy-efficient display solutions.
Universal Display Corporation (Nasdaq: OLED) has announced the extension of its long-term OLED material supply and license agreements with Visionox Technology, Inc. The agreements will ensure a continued supply of UniversalPHOLED phosphorescent materials for five more years. Visionox aims to enhance its OLED product portfolio while expanding manufacturing capabilities at its new Gen 6 flexible fab. This partnership aims to accelerate the growth of energy-efficient OLED displays in consumer electronics, leveraging Universal Display's extensive experience and patented technologies.
Universal Display Corporation (Nasdaq: OLED) will release its first-quarter results for 2021 on May 6, after market close. A conference call is scheduled for the same day at 5:00 PM ET, accessible via their Investor Relations website. The company specializes in OLED technologies and materials, holding over 5,000 patents worldwide. Their high-efficiency UniversalPHOLED® technology is crucial for energy-efficient displays and lighting. More details can be found on their website.
Universal Display Corporation (Nasdaq: OLED) has extended its long-term partnership with LG Display Co., Ltd. by signing new OLED Technology License and Material Purchase Agreements. These agreements, which span five years, aim to enhance the collaboration on OLED technology and materials. CEO Steven V. Abramson emphasized the significance of the nearly two-decade partnership, which dates back to the era of CRT displays. No specific financial details were disclosed regarding the agreements.
Universal Display Corporation (Nasdaq: OLED) announced its participation in upcoming virtual industry conferences. Notable events include the LOPEC Conference from March 23-25, 2021, where Dr. Mike Hack will discuss phosphorescent OLED technology, and the 2021 MRS Spring Meeting from April 17-23, 2021, featuring Dr. Michael Fusella's presentation on plasmonics for light-emitting devices. As a leader in OLED technologies, the company holds over 5,000 patents and is recognized for its UniversalPHOLED® materials that enhance energy efficiency in displays and lighting.
Universal Display Corporation (Nasdaq: OLED) and PPG (NYSE: PPG) announced a joint venture to establish a manufacturing site in Shannon, Ireland, for producing UDC’s UniversalPHOLED® materials. This facility aims to double production capacity and diversify the manufacturing base to meet rising OLED market demands. PPG, as the exclusive manufacturer, will adapt the previously operational pharmaceutical site for OLED emitter production, expecting to complete facility improvements and regulatory approvals within 12 months.
Universal Display Corporation (Nasdaq: OLED) reported strong financial results for Q4 and full year 2020. Q4 revenue reached $141.5 million, up from $101.7 million in Q4 2019. Notably, royalty and license fees doubled to $75.0 million. Full-year revenue was $428.9 million, a slight increase from $405.2 million in 2019, with a diluted EPS of $2.80. The company anticipates a revenue growth forecast for 2021 between $530 million to $560 million. Additionally, a cash dividend of $0.20 per share was announced for Q1 2021, payable March 31.
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