OLED Q1 2024 Earnings — Universal Display Corporation Revenue & Financial Results | Market Cap Arena

OLEDUniversal Display Corporation

$5B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$165M+26.7% YoY

Gross Profit

$128M77.6% margin

Operating Income

$63M38.0% margin

Net Income

$57M34.4% margin

EPS (Diluted)

$1.19

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$65M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$199M

Stockholders' Equity

$1.5B

Cash & Equivalents

$74M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$165M	$130M	+26.7%
Gross Profit	$128M	$97M	+31.6%
Operating Income	$63M	$45M	+38.6%
Net Income	$57M	$40M	+42.7%

Revenue Segments

Material Sales

$93M56%

Royalty And License Fees

$68M41%

Contract Research Services

$4M2%

Geographic Segments

KOREA, REPUBLIC OF

$102M62%

CHINA

$57M35%

UNITED STATES

$2M1%

Other Non U S

$2M1%

JAPAN

$1M1%