Universal Display Corp (OLED) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Good day, ladies and gentlemen, and welcome to Universal Display s First quarter 2021 Earnings Conference Call. My name is Sherry, and I will be your conference moderator for today s call. [Operator Instructions] I would now like to turn the call over to Darice Liu, Director of Investor Relations. Please proceed.
Darice Liu
Director of Investor Relations and Corporate Communications
Thank you, and good afternoon, everyone. Welcome to Universal Display s first quarter earnings conference call. Joining me on the call today are Steve Abramson, President and Chief Executive Officer; Sid Rosenblatt, Executive Vice President and Chief Financial Officer. Before Steve begins, let me remind you today s call is a property of Universal Display. Any redistribution, retransmission or rebroadcast of any portion of this call in any form without the express written consent of Universal Display is strictly prohibited.
Universal Display powers to record sales on OLED boom
24 Feb 2021
Universal Display Corporation (UDC), the Nasdaq-listed New Jersey company that has pioneered the development of light-emitting materials for organic LED (OLED) displays, is predicting a sharp increase in revenues this year as the technology finds new applications in larger screens.
CEO Steve Abramson and colleagues said last week that they expect to post sales of between $530Â million and $560Â million in 2021 - a figure that would represent a rise of 25-30Â per cent on the 2020 total.
The final three months of last year had already delivered record quarterly sales, as UDCâs licensing revenues doubled year-on-year, to $75Â million.