UNIVERSAL DISPLAY CORP PA

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

OLED$90.01+1.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(in thousands, except share and per share data)

	Year Ended December 31,
	2024	2023	2022
REVENUE:
Material sales	$365,419	$322,029	$331,081
Royalty and license fees	266,820	238,389	267,115
Contract research services	15,445	16,011	18,423
Total revenue	647,684	576,429	616,619
COST OF SALES	148,461	135,376	127,896
Gross margin	499,223	441,053	488,723
OPERATING EXPENSES:
Research and development	157,187	130,481	117,062
Selling, general and administrative	74,286	67,387	77,886
Amortization of acquired technology and other intangible assets	18,200	15,993	17,459
Patent costs	8,699	9,356	8,329
Royalty and license expense	2,048	647	877
Total operating expenses	260,420	223,864	221,613
OPERATING INCOME	238,803	217,189	267,110
Interest income, net	40,682	28,166	7,811
Other loss, net	(7,357)	(184)	(6,691)
Interest and other loss, net	33,325	27,982	1,120
INCOME BEFORE INCOME TAXES	272,128	245,171	268,230
INCOME TAX EXPENSE	(50,049)	(42,160)	(58,169)
NET INCOME	$222,079	$203,011	$210,061
NET INCOME PER COMMON SHARE:
BASIC	$4.66	$4.25	$4.41
DILUTED	$4.65	$4.24	$4.40
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:
BASIC	47,548,931	47,559,669	47,390,352
DILUTED	47,652,662	47,622,763	47,468,507
CASH DIVIDEND DECLARED PER COMMON SHARE	$1.60	$1.40	$1.20

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.