Universal Display Corp Stock Price, News & Analysis

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.

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 $0.30 per share, payable on December 30, 2022, to shareholders of record on December 16, 2022. This decision highlights the company’s strong cash flow generation and commitment to returning capital to shareholders. Universal Display is a leader in OLED technologies and holds over 5,500 patents worldwide. Future dividends will be subject to Board approval, reflecting ongoing confidence in the company's financial position.