2023-05-03 16:39:14 ET
- Universal Display press release ( NASDAQ: OLED ): Q1 GAAP EPS of $0.83 beats by $0.02 .
- Revenue of $130.46M (-13.3% Y/Y) misses by $4.73M .
- Revenue from material sales was $70.2 million in the first quarter of 2023 as compared to $86.7 million in the first quarter of 2022. This decrease was primarily the result of lower unit material volume.
- Revenue from royalty and license fees was $55.2 million in the first quarter of 2023 as compared to $59.8 million in the first quarter of 2022. This decrease was primarily the result of lower unit material volume.
- The Company affirms its previous revenue guidance and believes that 2023 revenue will be the range of $550 million to $600 million.
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Universal Display GAAP EPS of $0.83 beats by $0.02, revenue of $130.46M misses by $4.73M