Seeking Alpha
 

Uni-Pixel, Inc. (UNXL)

- NASDAQ
  • 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
    | Comment!
  • 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.
    | 4 Comments
  • Fri, Apr. 17, 9:21 AM
    | Comment!
  • 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.
    | 11 Comments
  • 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 58.com (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 500.com (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. 500.com 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
    | Comment!
  • Fri, Feb. 27, 12:55 PM
    | 2 Comments
  • 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
    | 3 Comments
  • Thu, Feb. 26, 4:33 PM
    | 5 Comments
  • 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.
    | 18 Comments
  • Nov. 14, 2014, 1:03 PM
    • UniPixel (NASDAQ:UNXL) has signed memorandums of understanding to settle two shareholder suits. If/when the deals are finalized, UniPixel will pay $2.5M in cash and issue $2.3M worth of shares, and implement "certain governance improvements." The cash payments would be covered by insurance.
    • Shares are adding to the gains they saw a week ago following UniPixel's Q3 report.
    | Comment!
  • Nov. 7, 2014, 1:45 PM
    • Though UniPixel (NASDAQ:UNXL) is still dealing with "a limited number of challenges" related to starting mass-production for its InTouch sensors, the company expects "low volume sampling to our development customers in [Q4] and ramping to commercial production in 2015."
    • Citing the progress seen for an InTouch roll-to-roll pilot plating line at partner Kodak's (KODK +0.3%) NY facility, UniPixel is "in the process of moving plating lines from the Texas facility to the Kodak facility where they will be eventually commissioned for production."
    • The company also states it's working with Kodak on "an initial [InTouch] development project for the tablet market while working closely with a certain tablet manufacturer," and claims it's "engaged with an all-in-one PC OEM customer and their touch module integrators" regarding development efforts for an InTouch product aimed at the all-in-one PC market.
    • UniPixel's cash balance fell by $3.6M Q/Q in Q3 to $26.8M. SG&A spend rose 18% Y/Y to $2.9M; R&D spend fell 5% to $2.7M.
    • UniPixel and Kodak will host an analyst day on Dec. 4.
    • Q3 results, PR
    | 3 Comments
  • Nov. 6, 2014, 7:01 PM
    | 4 Comments
  • Sep. 19, 2014, 3:44 PM
    • Dan Van Ostrand, a UniPixel (UNXL -9.2%) co-founder and until now its SVP of R&D, has "resigned to pursue other interests."
    • He's being replaced by Arnold Kholodenko, whose resume includes stints as a director at chip equipment makers Applied Materials and Lam Research. UniPixel states Kholodenko "has been responsible for the granting of 72 patents in the U.S. and 39 internationally, and is the author of 115 scientific articles" over his 45-year career.
    • The management change comes as UniPixel continues with its efforts to start mass-production of its InTouch sensors following multiple delays. The company's market cap is now at $82M.
    | 5 Comments
  • Aug. 7, 2014, 5:58 PM
    • UniPixel (NASDAQ:UNXL) says it's "working closely" with Kodak (NYSE:KODK) to transfer the pilot plating technology for its InTouch sensors from its Texas facility to the companies' NY production facility.
    • The pilot line is said to be producing "appreciable quantities of sensors on a weekly basis to support yield ramp activities and sampling for our development customers." UniPixel adds it's making "measured progress" in improving yields.
    • UniPixel and Kodak have provided InTouch samples to an unnamed tablet maker, and have "engaged an all-in-one PC OEM customer and their touch module integrators."
    • Q2 GAAP opex rose 29% Y/Y to $6.07M. R&D spend totaled $2.99M, and SG&A $3.08M. UniPixel ended Q2 with $30.4M in cash, down from $34.4M at the end of Q1.
    • Q2 results, PR
    | 2 Comments
  • Aug. 7, 2014, 4:49 PM
    | 4 Comments
  • Jul. 22, 2014, 12:47 PM
    | 10 Comments
Visit Seeking Alpha's
UNXL vs. ETF Alternatives
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.