UniPixel Inc (NASDAQ: UNXL)
UniPixel is having an incredible day in the market today and for a very good reason. The company announced today that it has been awarded a new 2-in-1 convertible program from a very important customer. Today, we’ll talk about what the convertible program is, how the market reacted to the news, and what we can expect to see from UNXL moving forward. So, let’s get right to it…
UNXL Is Awarded A New Convertible Program
UniPixel announced earlier today that it had been awarded a new 2-in-1 convertible program from a Tier 1 customer. Under the new program, UNXL’s XTouch touchscreen sensors will be used to simultaneously deliver finger touch and capacitive stylus performance. However, XTouch isn’t the only UNXL technology being used in the program. They will also take advantage of their Diamond Guard hardcoat technology. Doing so will help to reduce the cost of the touch modules created by eliminated the need for other costly materials. It is expected that production of the beta validation units will be delivered no later than the second quarter of 2016. It is also expected that mass production of the new product will start around the end of the year 2016. In a statement Jeff Hawthorne, president and CEO at UNXL had the following to say…
“We are pleased that this leading PC manufacturer, upon deciding it wanted to build a new product with best-in-class touch and stylus performance, turned to UniPixel for our XTouch sensor technology. The low sheet resistance and proprietary design features of XTouch copper-based metal mesh sensor enable an exceptional end-user experience for both finger-touch and stylus usage. Coupled with our Diamond Guard hardcoat, this customer will be able to produce a device that is lighter, thinner, and faster with exceptional stylus performance. Our technologies support product designers who want to offer new devices with thinner bezels and cover lenses.”
How The Market Reacted To The News
As investors, we know that the news moves the market. Ultimately, any time there is positive news with regard to a publicly traded company, we can expect to see gains in the value of the stock associated with that company. Adversely, when there is negative news associated with a publicly traded company, we can expect to see declines. In this particular case, UNXL released overwhelmingly positive news. Ultimately, the size of the orders associated with the program haven’t been released yet. However, I could imagine that it is relatively large. That considered, this program will likely lead to massive gains in revenue and earnings, exciting investors. As a result, we’re seeing strong gains in the value of the stock today. Currently (12:23), UNXL is trading at $0.71 per share after a gain of $0.05 per share or 8.20% thus far today.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from UniPixel. The company has proven that it has exceptional products, and now, it has received what may just be the largest order the it has ever seen. With the new program in mind, revenue and profits are likely to soar for UNXL in either the fourth quarter of 2016 or the first quarter of 2017. As a result, UNXL is likely to report strong earnings and excite investors further. So naturally, we can expect for this to lead to strong long run gains! All in all, things are looking great for this company.
What Do You Think?
Where do you think UNXL is headed moving forward and why? Let us know your opinion in the comments below!