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Uni-Pixel, Inc. (UNXL)

  • 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.
  • 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.
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  • 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
  • Nov. 6, 2014, 7:01 PM
  • 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.
  • 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
  • Aug. 7, 2014, 4:49 PM
  • Jul. 22, 2014, 12:47 PM
  • Jun. 26, 2014, 12:45 PM
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  • Jun. 26, 2014, 9:17 AM
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  • Jun. 25, 2014, 5:54 PM
    • Citing a "technical breakthrough in roll-to-roll plating process," UniPixel (UNXL) says it has achieved roll-to-roll pilot production for its InTouch sensor film.
    • The company claims it now has "a fully-functional, roll-to-roll pilot production line comprised of a plating line at the company's Texas facility, and printing, final testing and packaging at the Kodak (KODK) facility" in Rochester, NY.
    • UniPixel will now focus on improving manufacturing yields. Its announcement coincides with an operational update CC (webcast).
    • With 40% of the float shorted as of June 13, a short squeeze is quite possible tomorrow.
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  • Jun. 17, 2014, 2:47 PM
    • After Intel stated in a June 1 presentation UniPixel (UNXL) has begun production of its roll-to-roll metal mesh touch sensor film in Q2, UniPixel contacted Intel to tell them production hasn't begun, says SA author Richard X. Roe. Intel later removed the comment from its presentation.
    • Roe doesn't expect a June 25 operational update call (previous) to reveal major progress towards mass-production, and declares "a failure to start production would simply be admission of another delay," given UniPixel and partner Kodak (KODK) have forecast commercial production would start by July 1.
    • He adds recent CEO comments and the website of a UniPixel sub-contractor suggest improving roll-to-roll plating yields remain a challenge, and states the company's Diamond Guard film is "apparently nothing more than a commodity off-the-shelf acrylic coating."
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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.