Uni-Pixel, Inc. (UNXL)-NasdaqCM 3.13 +0.32 +11.39%
52wk Range: 2.76 - 9.30
2 year Range: 2.76 - 37.44
Shares Outstanding: 12.47M
Float: 11.90M
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
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."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
