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Universal Display Announces 1Q 2022 Financial Results

Total revenue in the first quarter of 2022 was $150.5 million as compared to $134.0 million in the first quarter of 2021.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation reported financial results for the first quarter ended March 31, 2022. Total revenue in the first quarter of 2022 was $150.5 million as compared to $134.0 million in the first quarter of 2021. Revenue from material sales was $86.7 million in the first quarter of 2022 as compared to $79.8 million in the first quarter of 2021. Revenue from royalty and license fees was $59.8 million in the first quarter of 2022 as compared to $50.9 million in the first quarter of...

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