OLED Q2 2023 Earnings — Universal Display Corporation Revenue & Financial Results | Market Cap Arena

OLEDUniversal Display Corporation

$5B

Q2 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$147M+7.3% YoY

Gross Profit

$114M78.1% margin

Operating Income

$59M40.0% margin

Net Income

$50M33.9% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$74M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$202M

Stockholders' Equity

$1.3B

Cash & Equivalents

$93M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$147M	$137M	+7.3%
Gross Profit	$114M	$109M	+4.7%
Operating Income	$59M	$53M	+10.0%
Net Income	$50M	$41M	+20.4%

Revenue Segments

Material Sales

$77M53%

Royalty And License Fees

$64M44%

Contract Research Services

$5M3%

Geographic Segments

KOREA, REPUBLIC OF

$82M56%

CHINA

$58M39%

UNITED STATES

$4M2%

Other Non U S

$2M1%

JAPAN

$2M1%