Flexible Electronics News

Universal Display Announces 4Q, Full Year 2023 Financial Results

Total revenue in the full year 2023 was $576.4 million as compared to $616.6 million in the full year 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display Corporation reported financial results for the fourth quarter and full year ended Dec. 31, 2023. “In 2023, we achieved key milestones, strengthened our capabilities and infrastructure, and positioned the company for growth in the years ahead,” said Brian Millard, VP and CFO of Universal Display. “Looking to 2024 and beyond, we see multiple paths for growth in the coming years. The commencement of an OLED IT adoption cycle, the resumption of OLED TV growth, the rise of automo...

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