What could be expected from UniPixel when they report earnings this year
Mumbai, India -- (SBWIRE) -- 10/09/2013 -- UniPixel manufactures the touch screen materials used in tablets, cameras, printers, TVs, laptops, and smartphones. It’s certainly the right time to be in this industry, at least for the foreseeable future, though it’s not going to be easy out there as it’s a field where more established players already are competing in.
On April 26, UNXL’s stock price was at its all-time high level of 38.70. It tumbled to a level of 12.30 on July 05. When the markets closed yesterday, October 3, the price was at 19.69. What are the reasons for this up and down trend in its share price? Can it make a comeback to its all-time high levels or beyond? These would be a few of the questions investors might be wondering about.
One of the reasons for the sharp decline after the peak in April was the news in May that Apple could be the direct competitor for some of UniPixel’s products. It unsettled the investors, and resulted in more than a 40% drop in share price.
Revenues for the first six months of this year were $5.1 million compared to $74,000 last year. R&D expense doubled as compared to last year. Net loss was $3.7 million or 35 cents per share for the six month period in 2013 compared to $4.1 million or 57 cents a share in 2012.
As per CEO Reed Killion, he’s very happy with their ongoing joint venture with Eastman Kodak which was formed in April. (It is this joint venture that was making the UNXL price go up and down.) The goal of this manufacturing and supply agreement is to produce the next-gen touch sensors based on UniPixel’s UniBoss multi-touch sensor film. Under the agreement, Kodak and UniPixel will open a new manufacturing facility within Eastman Business Park in Rochester later this year to produce touch screen sensors for the dynamic and growing touch module market that is predicted to more than double to $32 billion by 2018. The facility is expected to produce 1 million units per month and start producing them in Q4.
As per the PR released on 25 Sep., UniPixel announced that its joint venture with Kodak has made significant progress in their joint effort to commercialize and manufacture UniPixel’s next-generation touch-screen sensors, including product rebranding. InTouch Sensors is UniPixel’s newly developed and named pro-cap, multi-touch sensor film, previously named after the UniBoss manufacturing process. Kodak and UniPixel have further cobranded this new name as “InTouch Sensors Powered by Kodak,” which reflects the synergistic contributions the companies bring to this new touch-screen sensor solution.
UniPixel also announced that its global introduction of InTouch Sensors has created a buzz in the market and there have been numerous requests for price and delivery terms from smartphones, tablets, ultrabooks, notebooks manufacturers.
And as per CEO Reed Killion, who spoke at the recent 2013 Williams Financial Group Management Discussion Series event, they already have got over 20 active customer engagements.
What’s going to be UniPixel’s direction moving forward, let’s wait and watch…
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