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Universal Display Corporation - $OLED STOCK NEWS

Welcome to our dedicated page for Universal Display Corporation news (Ticker: $OLED), a resource for investors and traders seeking the latest updates and insights on Universal Display Corporation 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.

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Universal Display Corporation (Nasdaq: OLED) will hold its 2023 Annual Meeting of Shareholders in a virtual-only format on June 15, 2023. Shareholders of record as of April 10, 2023, can attend and participate by visiting www.virtualshareholdermeeting.com/OLED2023. The meeting will be available for replay on the Company's Investor Relations website.
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Universal Display Corporation and PPG have opened a new OLED manufacturing facility in Shannon, Ireland. The site is expected to double production capacity and create a positive economic impact on the region. PPG is the exclusive manufacturer of UDC's OLED materials. The facility will create high-tech roles and increase headcount to 100. The investment in Ireland reflects the availability of skilled talent and commitment to innovation. UDC's phosphorescent OLED emitters are used in consumer electronic products worldwide.
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Universal Display Corporation reports financial results for Q1 2023, reaffirms full-year outlook. Announces acquisition of Merck KGaA's phosphorescent emitter patent portfolio and a new collaboration agreement. Total revenue for Q1 2023 was $130.5 million, a decrease from Q1 2022. Revenue from material sales was $70.2 million, a decrease from Q1 2022. Revenue from royalty and license fees was $55.2 million, a decrease from Q1 2022. Operating income was $45.4 million, a decrease from Q1 2022. Net income was $39.8 million, a decrease from Q1 2022. The company affirms its previous revenue guidance for 2023. Announces a second quarter cash dividend of $0.35 per share.
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FAQ

What does Universal Display Corp do?

Universal Display Corp develops and supplies OLED technologies and materials for displays and lighting industries.

What is UniversalPHOLED® technology?

UniversalPHOLED® is a high-efficiency phosphorescent OLED technology developed by Universal Display Corp, enabling eco-friendly and low power displays.

When was Universal Display Corp founded?

Universal Display Corp was founded in 1994.

How many patents does Universal Display Corp own?

Universal Display Corp owns or has exclusive rights to more than 4,500 issued and pending patents globally.

In which markets does Universal Display Corp operate?

Universal Display Corp operates in markets including South Korea, Japan, China, the United States, and other countries around the world.

What are some applications of Universal Display's OLED technologies?

Applications include mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and solid-state lighting.

What makes Universal Display Corp's materials unique?

Their materials are known for high quality, state-of-the-art performance, and sustainability, making them a top choice for manufacturers.

How does Universal Display Corp generate revenue?

The company generates revenue through licensing its technologies and selling OLED materials to various display and lighting manufacturers.

What recent achievements has Universal Display Corp made?

Recent achievements include advancements in OLED technology, new strategic partnerships, and ongoing R&D projects.

Why is Universal Display Corp important in the OLED industry?

Universal Display Corp is a leader in innovation, providing essential technologies and materials that drive the growth and sustainability of the OLED industry.

Universal Display Corporation

Nasdaq:OLED

OLED Rankings

OLED Stock Data

9.55B
43.76M
7.7%
82.14%
1.92%
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
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