Universal Display Corp at Needham Growth Conference (Virtual) Transcript
Good morning. Welcome to the 24th Annual Needham Growth Conference. Our next session is going to feature a Q&A session with the CFO of Universal Display.
UDC as our audience is no doubt aware has been around for a number of years, the only pure-play OLED company. Every smartphone with an OLED screen is produced with UDC's OLED technology, including the red, green, phosphorescent emitter materials and likewise. The OLED TV market where we've seen the industry's major manufacturer LG established OLED TVs as the premium TV technology. These displays are also enabled by UDC's technology.
The company's revenues through the first 9 months of 2021, up about 42% or so, over $400 million, much stronger increase in profitability, operating margins, I think, north of, I think, around 42% through the first 3 quarters. So pretty strong financial performance. And approximately 57% or so of these revenues for the first 9 months came from the sale of materials, 40% from royalties and licenses.
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