Uni-Pixel Inc (NASDAQ:UNXL)
Uni-Pixel Inc (NASDAQ:UNXL) has entered into a long-term deal with a key U.S.-based PC maker to offer XTouch touch screen sensors on a numerous year basis. The deal offers that the PC manufacturer will supply rolling projections to company who will utilize its reasonable measures to reserve engineering capacity for the PC manufacturer who, in turn, accepts to use its best commercial measures to make the purchases defined in the rolling forecasts.
Additionally, the deal offers the customer and company to share product advancement roadmaps and engage in innovation meetings. The client may also request limited, exceptional early access to specific technology.
Jeff Hawthorne, the CEO and President of Uni-Pixel Inc (NASDAQ:UNXL), said that this multiyear deal serves both parties and it offers an expectation from both firms to guarantee the timely development, introduction and delivery of new products. The company gains from long-term planning competences and capacity preparation while its associate is supported in resolving current market needs and getting new devices to the industry.
Hawthorne added that this is validation of the usefulness of touch screen know-how and it inspires confidence from a major PC manufacturer on the firm’s know-how. They consider this a collaborative and strategic association and they look forward to functioning with this industry major partner in the imminent years.
Uni-Pixel Inc (NASDAQ:UNXL) markets and develops Performance Engineered Films for flexible electronics and the touch screen markets. The firm’s roll-to-roll electronics making procedure patterns fine line conductive components on thin films. It markets its know-how for touch panel sensor, protective cover film uses and cover glass replacement under the Diamond Guard™ and XTouch™ brands.
Recently, the company reported that it intends to release its financial report for the fourth quarter and FY2016 on March 30, 2017. The financial report will be followed by a conference call from the management. 1.49 million shares traded hands in the most recent trading session. It reported its EPS in the previous quarter was loss of $0.17 per share – lagging the street analyst projection of decline of $0.11 per share.
Recently the target price for Uni-Pixel Inc (NASDAQ:UNXL) was revised and according to the revision, the stock price will hit $2.91 in the coming 52 weeks.
|Last Price a/o 3:21 PM EST||$0.80|
|Market Cap (mlns)||$44.60M|
|Shares Outstanding (mlns)||55.75M|
|Share Float (mlns)||54.95M|
|Short Interest Ratio||6.09|
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.