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Uni-Pixel, Inc. (UNXL)

  • Thu, May 21, 12:47 PM
  • Mon, May 11, 7:03 PM
    • UniPixel (NASDAQ:UNXL): "While we are in the early stages of integration of the [Atmel] XSense operations, at this point we anticipate XSense revenues of at least $10 million for the year. We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
    • The company also states in its Q1 report it's currently shipping a finished XSense touch sensor product to an unnamed U.S. tier 1 PC OEM (presumably HP or Dell) for 3 devices ranging in size from 8" to 11.6." Five designs are said to be "through initial qualification stage" with the existing customer and other tier 1 PC OEMs based in the U.S. and Asia. One design with a U.S. PC OEM is said to be in the "final qualification stage."
    • To cut XSense production costs, UniPixel is bringing catalytic coated film production for the touch sensors in-house. It expects to be finished within 6 months.
    • GAAP operating expenses fell 8% Y/Y in Q1 to $5.7M - SG&A spend totaled $3M, and R&D $2.7M. Ahead of the XSense deal, UniPixel ended Q1 with $20.7M in cash, down $3M Q/Q.
    • Shares are unchanged AH for now.
    • Q1 results, PR, 10-Q filing
  • Mon, May 11, 4:13 PM
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  • Sun, May 10, 5:35 PM
  • Tue, Apr. 28, 12:45 PM
  • Tue, Apr. 28, 9:12 AM
  • Mon, Apr. 27, 4:30 PM
    • UniPixel (NASDAQ:UNXL) has "exercised its right to terminate" its InTouch touch sensor manufacturing and supply agreement with Kodak (NYSE:KODK). UniPixel says it "concluded that the risks required to achieve a viable business model in a reasonable time frame were too great, particularly under an agreement that shared any profits generated." No termination penalties are expected. (8-K filing)
    • The decision follows UniPixel's purchase of Atmel's XSense touch sensor assets. Kodak has issued a statement declaring it's "committed to moving forward independently with development of copper mesh touch sensor technology," and that it "continues to believe that copper mesh technology for large-size touch screens, together with the silver-halide based touch sensors for phones and tablets that Kodak has been developing separately, will give the company a broad offering in the rapidly growing touch screen market."
    • UniPixel has fallen to $5.15 AH.
    • Update (8:40PM ET): UniPixel closed AH trading down 41.9% to $3.39.
  • Mon, Apr. 20, 3:12 PM
    • With the Nasdaq up 1.3%, many tech companies are posting big gains, and only a few are seeing major losses.
    • Notable gainers include audio codec chipmaker Cirrus Logic (CRUS +4%), gaming headset maker Turtle Beach (HEAR +11.4%), video processor developer Pixelworks (PXLW +6%), U.S. solar installer Vivint (VSLR +5.4%), CDN owner Limelight (LLNW +5.9%), cloud revenue management software firm ServiceSource (SREV +4.9%), language software firm Rosetta Stone (RST +4.6%), and storage hardware maker Quantum (QTM +5.3%).
    • Notable decliners include craft goods marketplace/recent IPO Etsy (ETSY -8%) and touch sensor developer UniPixel (UNXL -12.2%).
    • Cirrus, a major beneficiary of strong iPhone 6 sales, has made fresh 52-week highs; the company reports on April 28, a day after Apple. Beaten-down Turtle Beach is up 52% from an early April low of $1.85; new executive hires and product launches might be helping. Quantum (also making new 52-week highs) is up 38% since pre-announcing strong March quarter sales on April 9. Pixelworks reports on April 30.
    • Etsy is now down 18% from last Thursday's post-IPO opening trade of $31.00, as investors balance strong growth and a fervently loyal user base with steep multiples; shares are still up 60% from their $16 IPO price. Likewise, UniPixel is down 18% since announcing a deal to buy Atmel's XSense touch sensor assets on Friday morning.
    • Previously covered: Microsoft, Manhattan Associates, Ascent Solar, Check Point/FireEye, Rovi, FARO Technologies
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  • Fri, Apr. 17, 4:57 PM
    • After initially soaring on news it's buying Atmel's XSense touch sensor ops and taking out a related patent license, UniPixel (NASDAQ:UNXL) gradually sold off today. 1.01M shares were traded, far above a 3-month daily average of 133K.
    • In an 8-K filing, UniPixel discloses it paid $450K to Atmel for XSense equipment and inventories, using a promissory note. It also detailed the licensing agreement. "[UniPixel] agreed to pay an annual royalty fee ... of the greater of $3.25 million or 3.33% of the total net sales (as defined in the Patent License Agreement) of the Touch Sensors during the Initial Term. [UniPixel] has the right to renew the license for a term of 10 years. If [UniPixel] exercises this right, the annual royalty fee will consist of 2.5% of the total net sales of the Touch Sensors until it reaches a total of $16.75 million ... [UniPixel] paid a non-refundable, non-returnable prepayment of minimum annual royalty fees of $9.33 million."
    • In an SA PRO column under embargo until 10:06AM ET Saturday, Paulo Santos argues the deal will "enable Uni-Pixel to finally deliver product to the market and register revenues." However, he remains far from positive about UniPixel's long-term outlook.
  • Fri, Apr. 17, 9:21 AM
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  • Fri, Apr. 17, 9:17 AM
    • UniPixel (NASDAQ:UNXL) is acquiring all manufacturing assets related to Atmel's (NASDAQ:ATML) XSense touch sensor ops, a rival to UniPixel's InTouch sensor line, and assuming related costs.
    • UniPixel is also taking out a 5-year license (with a 10-year renewal option) on Atmel's XSense patent portfolio and other IP. Atmel will "receive minimum royalties during the initial five year term equal to $16.25 million, of which $9.33 million is being prepaid in cash at close."
    • The deal comes two months after Atmel took a $26.6M charge on XSense manufacturing assets, and ahead of Atmel's May 6 Q1 report. It also follows numerous delays by UniPixel in ramping InTouch production.
    • UniPixel has soared to $8.55 premarket. Atmel is unchanged.
    • Update: UniPixel wound up closing down 6.9% following the news.
  • Fri, Mar. 27, 3:12 PM
    • Today's notable tech gainers include next-gen firewall leader Palo Alto Networks (PANW +3.5%), touchscreen tech developer UniPixel (UNXL +5.9%), solar microinverter leader Enphase (ENPH +5.8%), optical transport/switching hardware vendor Infinera (INFN +3.8%), telecom service/analytics provider Neustar (NSR +4.4%), and Chinese online classifieds leader (WUBA +4%). The Nasdaq is up 0.3%
    • There are relatively few major decliners today. The group includes Infinera rival Ciena (CIEN -4.5%), Chinese sports lottery site (WBAI -5.3%), and Chinese online video leader Youku (YOKU -3.4%).
    • Palo Alto is adding to Thursday gains seen amid a broader cybersecurity stock rally. Likewise, Enphase gained on Thursday following rival SolarEdge's IPO, Neustar gained after announcing a $150M buyback, and Infinera gained following a bullish MKM note.
    • Ciena is reversing the Tuesday gains seen after Stifel reported the company's share of a major Verizon 100G metro contract (has been officially announced) could be larger than expected. is giving back major Thursday gains; yesterday morning, SA Instablog author/former i-banker MNS Global reported hearing Chinese authorities are thinking of indefinitely extending recently-placed bans on online sports lottery sales, after uncovering corruption.
    • Previously covered: EMC, HP, Voxeljet, Skyworks, SuperCom, Stratasys, Qunar, Pandora, SanDisk
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  • Fri, Feb. 27, 12:55 PM
  • Thu, Feb. 26, 6:07 PM
    • UniPixel (NASDAQ:UNXL) states in its Q4 report the company and Kodak (NYSE:KODK) have "achieved integration yields in the high 80 percentile" with a previously-disclosed for an InTouch Sensor solution meant for a tablet OEM partner. "Our tablet customer understands the touchless plating line modifications we’re undertaking and remains patient with the process. We are currently working with the customer in planning follow-on integration trials."
    • UniPixel also states a previously-disclosed all-in-one PC OEM partner "recently approved UniPixel’s all-in-one product design, and UniPixel is now working with two module integrators approved by the customer." Using Kodak's manufacturing facility, UniPixel plans "initial commercial shipments" to the OEM in Q2.
    • Also planned for Q2: Commercial production of UniPixel's Diamond Guard hard-coat resin, and the modifying of an operational InTouch Sensor plating line to make its web handling touchless.
    • UniPixel had no revenue in Q4, or in any other quarter within 2014. Q4 SG&A expenses fell 6% Y/Y to $2.88M, and R&D expenses fell 14% to $2.65M. The company's cash balance fell by $2.9M Q/Q to $23.7M.
    • Shares have risen to $5.45 AH.
    • UniPixel's Q4 results, PR
  • Thu, Feb. 26, 4:33 PM
  • Nov. 26, 2014, 2:24 PM
    • UniPixel (NASDAQ:UNXL) is rallying ahead of a Dec. 4 analyst day (co-hosted with Kodak) where it will show off its InTouch manufacturing process, whose full commercialization has been repeatedly delayed. 138K shares have changed hands vs. a 3-month average of 108K.
    • Many shorts have taken profits in recent months: While 2.4M shares (22% of the float) remained shorted as of Nov. 14, that figure is down sharply from 4.5M as of June 30, and 6.3M as of Nov. 15, 2013.
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Company Description
Uni-pixel Inc is a pre-production stage company. It develops PEF products for the display, touch screen & flexible electronics market. It rebranded its PEF production process as Copperhead, & touch sensors made with Copperhead process as InTouch sensors.