OLED Q1 2023 Earnings — Universal Display Corporation Revenue & Financial Results | Market Cap Arena

OLEDUniversal Display Corporation

$5B

Q1 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$130M-13.3% YoY

Gross Profit

$97M74.7% margin

Operating Income

$45M34.8% margin

Net Income

$40M30.5% margin

EPS (Diluted)

$0.83

QoQ Revenue Growth

-22.8%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$38M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$236M

Stockholders' Equity

$1.3B

Cash & Equivalents

$158M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$130M	$150M	-13.3%
Gross Profit	$97M	$117M	-16.9%
Operating Income	$45M	$62M	-27.1%
Net Income	$40M	$50M	-19.8%

Revenue Segments

Material Sales

$70M54%

Royalty And License Fees

$55M42%

Contract Research Services

$5M4%

Geographic Segments

KOREA, REPUBLIC OF

$66M51%

CHINA

$57M44%

UNITED STATES

$4M3%

JAPAN

$2M1%

Other Non U S

$1M1%