- Universal Display press release ( NASDAQ: OLED ): Q4 GAAP EPS of $1.36 beats by $0.42 .
- Revenue of $169.03M (+15.6% Y/Y) beats by $20.06M .
- Revenue from material sales was $88.3 million in the fourth quarter of 2022 as compared to $85.8 million in the fourth quarter of 2021. This increase was primarily the result of higher unit volume.
- Revenue from royalty and license fees was $75.6 million in the fourth quarter of 2022 as compared to $56.0 million in the fourth quarter of 2021. The increase was primarily due to the cumulative catch-up adjustment as well as higher unit material volume.
- The Company believes that its 2023 revenue will be the range of $550 million to $600 million vs. $628.7M consensus
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Universal Display GAAP EPS of $1.36 beats by $0.42, revenue of $169.03M beats by $20.06M