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Total revenue in the first quarter of 2024 was $165.3 million as compared to $130.5 million in the first quarter of 2023.
May 6, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Universal Display reported financial results for the first quarter ended March 31, 2024. Total revenue in the first quarter of 2024 was $165.3 million as compared to $130.5 million in the first quarter of 2023. Revenue from material sales was $93.3 million in the first quarter of 2024 as compared to $70.2 million in the first quarter of 2023. The increase in material sales was primarily due to strengthened demand for our emitter materials. Revenue from royalty and license fees was $68.3 mi...
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