| (Values in U.S. Thousands) | Dec, 2024 | Dec, 2023 | Dec, 2022 | Dec, 2021 | Dec, 2020 |
| Sales | 647,680 | 576,430 | 616,620 | 553,530 | 428,870 |
| Sales Growth | +12.36% | -6.52% | +11.40% | +29.07% | +5.85% |
| Net Income | 222,080 | 203,010 | 210,060 | 184,210 | 133,370 |
| Net Income Growth | +9.39% | -3.36% | +14.03% | +38.12% | -3.56% |
Universal Display
(OLED)
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Universal Display Corporation is a leading developer of technology and intellectual property (IP) for the Organic Light Emitting Diodes (OLED) market. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light. This can be manufactured on both flexible and rigid substrates, making them highly suitable for use in full-color displays and also as lighting products. The company reports operations mainly under three heads, namely Material sales, Royalty and license fees and Contract research services. Material sales include revenues from both phosphorescent emitter and host materials. Royalty and license fees include fee payments under patent license agreement with SDC, and licensed sales and royalties from customers. Contract research services include revenues earned by Adesis, which performs organic and organometallic synthetics research, development and commercialization on a contractual basis for the company's customers.
Fiscal Year End Date: 12/31