Welcome to our dedicated page for Universal Display news (Ticker: OLED), a resource for investors and traders seeking the latest updates and insights on Universal Display stock.
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) has announced its participation in several upcoming conferences focused on display and lighting technologies. Key events include the BofA Securities 2023 Asia Pacific Telecom, Media and Technology Conference on March 15-16 in Taipei, Taiwan, and the International Conference on Display Technology (ICDT) from March 31 to April 3 in Nanjing, China. Presenters include Vice President and CFO Brian Millard and Vice President of PHOLED R&D Dr. Mike Weaver, discussing advances in OLED technology. Universal Display is recognized for its leading role in the OLED market, holding over 5,500 patents globally.
Universal Display Corporation (Nasdaq: OLED) reported strong financial results for Q4 and FY 2022, achieving record revenues and net income. In Q4 2022, total revenue hit $169 million, up from $146.2 million in Q4 2021, with net income of $65.1 million ($1.36 per diluted share). Full-year revenue reached $616.6 million compared to $553.5 million in 2021, with net income of $210.1 million ($4.40 per diluted share). The company anticipates a 2023 revenue range of $550 million to $600 million. A dividend of $0.35 per share will be paid March 31, 2023. Despite uncertainties in the global economy, Universal Display aims to build on its OLED market leadership.
Universal Display Corporation (Nasdaq: OLED) announced an increase in its cash dividend to $0.35 per share for Q1 2023, up from $0.30 in the previous quarter. The dividend is payable on March 31, 2023, to shareholders of record by March 17, 2023. This increase reflects the company’s confidence in ongoing cash flow generation and its commitment to returning capital to shareholders. Future dividends will depend on Board approval.
Universal Display is a leader in OLED technology, holding over 5,500 patents globally, and focuses on energy-efficient displays and lighting solutions.
Universal Display Corporation (Nasdaq: OLED) will release its financial results for Q4 and the full year ended December 31, 2022, on February 23, 2023, after market close. A conference call will follow at 5:00 p.m. Eastern Time on the same day. Investors can access the conference via the company's Investor Relations website. Universal Display is a leader in OLED technologies, holding over 5,500 patents. Their UniversalPHOLED technology enables energy-efficient displays and lighting. The company does not provide specific financial metrics in this release but invites stakeholders to review their results on the specified date.
Universal Display Corporation (Nasdaq: OLED) has entered into an OLED evaluation agreement with Seiko Epson Corporation (TSE: 6724). Under this agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology for AR/VR display applications. Specific details and financial terms remain undisclosed. CEO Steven V. Abramson highlighted the ongoing partnership and the growing demand for OLED technologies in consumer electronics. Universal Display leads in OLED development, holding over 5,500 patents globally and offering high-efficiency OLED products.
Universal Display Corporation (NASDAQ: OLED) announced its participation in the 25th Annual Needham Growth Conference, where CEO Steve Abramson and CFO Brian Millard will discuss the company's growth prospects and the status of the phosphorescent blue program. The event is scheduled for 1:30 PM ET today. The company reaffirms its 2022 revenue guidance of $600 million, plus or minus $10 million. Abramson stated the OLED industry’s long-term growth remains strong despite near-term demand fluctuations, with expectations for a pivotal 2024 due to progress in developing a commercial phosphorescent blue emissive system.
Universal Display Corporation (NASDAQ: OLED) announced its participation in upcoming investor and industry conferences. The 25th Annual Needham Growth Conference is scheduled for January 10, 2023, at 1:30 PM ET in New York City, featuring presentations by CEO Steve Abramson and CFO Brian Millard. Additionally, the company will present at LOPEC 2023 on February 28, 2023, in Munich, Germany, with Dr. Mike Hack discussing advancements in phosphorescent OLED technology. Universal Display is a leader in OLED technologies, holding over 5,500 patents globally.
Universal Display Corporation (NASDAQ: OLED) has been awarded the Excellent Paper Award at the International Conference on Display Technology (ICDT) 2022 for their paper on "Highly Efficient Near-Infrared Phosphorescent OLEDs." The award was presented on December 8, 2022, during a virtual event. The research emphasizes advancements in near-infrared phosphorescent OLEDs for biomedical applications, highlighting a photoluminescence quantum yield exceeding 39% and an external quantum efficiency of approximately 9%. The company seeks to further enhance OLED technologies to meet industry demands.
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