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) 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.
Universal Display Corporation (NASDAQ: OLED) announced the passing of its Founder, Sherwin I. Seligsohn, on December 3, 2022. His visionary leadership was pivotal in the creation of two influential companies in the OLED and wireless technology sectors. Seligsohn founded Universal Display in June 1994, following his groundbreaking observation of organic materials at Princeton University. Under his guidance, UDC evolved from a start-up to a global OLED leader, holding over 5,500 patents. His legacy will continue to inspire the company as it moves forward in its growth and innovation initiatives.
Universal Display Corporation (NASDAQ: OLED) has signed long-term OLED material supply and license agreements with Samsung Display Co., Ltd. These agreements, valued for their strategic importance, ensure the continued supply of proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung for its OLED displays. The contracts are set to last until December 31, 2027, with a possibility of a two-year extension. The financial terms remain undisclosed, emphasizing the ongoing partnership that has evolved over two decades.
Universal Display Corporation (Nasdaq: OLED) reported record revenues of $160.6 million for Q3 2022, up from $143.6 million in Q3 2021. Key revenue drivers included $84.2 million from material sales and $71.5 million from royalties. Despite a 77% gross margin, a dip from 78% in the previous year was noted, impacted by costs from its new facility in Ireland. The company reaffirmed its 2022 revenue guidance of approximately $600 million and announced a cash dividend of $0.30 per share.
Universal Display Corporation (Nasdaq: OLED) has announced a fourth quarter cash dividend of
Universal Display Corporation (NASDAQ: OLED) announced that its third-quarter financial results, for the period ending September 30, 2022, will be released on November 3, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, with details available on the Company's Investor Relations website. Universal Display specializes in organic light emitting diode (OLED) technologies and holds over 5,500 patents worldwide. Their UniversalPHOLED® technology promotes energy-efficient displays and solid-state lighting.
Universal Display Corporation (NASDAQ: OLED) rang the closing bell at the New York Stock Exchange on September 30, 2022, to honor Hispanic Heritage Month. Cynthia Comparin, a board member, participated alongside other Latino Corporate Directors Association members. CEO Steven V. Abramson highlighted the company's commitment to diversity and innovation. Universal Display is known for its cutting-edge UniversalPHOLED technology, holding over 5,500 patents globally, and focuses on energy-efficient OLED technologies for displays and lighting solutions.
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