08.12.16
UniPixel, Inc. reported financial results for the second quarter ended June 30, 2016.
“The just completed second quarter continues the transformation arc of the company,” Jeffrey A. Hawthorne, president and CEO of UniPixel, said. “We are extremely pleased with the success during 2016 on winning 19 program designs, and look forward to the revenues being recognized from that active order pipeline as shipments begin to ramp during the second half of 2016 and increase into 2017.”
“We continue to make improvements as we refine our manufacturing processes to effectively and efficiently meet the new demand we expect for our products,” continued Hawthorne. “In our discussions with existing and potential new customers around the world we continue to receive positive indications that metal mesh technology is gaining market share as it enables tablet and PC manufacturers to design products that are thinner, lighter, faster with highly responsive touchscreens and optimized advanced stylus capabilities. We are dedicated to continually enhancing our manufacturing capabilities at Colorado Springs to world-class status in order to meet the needs of our customers in the coming years.”
For the three months ended June 30, 2016 revenues were $1.0 million compared to $0.9 million for the three months ended March 31, 2016 and $1.4 million for the three months ended June 30, 2015.
Cost of revenues was $3.9 million for the three months ended June 30, 2016 and $3.4 million for the three months ended June 30, 2015. The company is currently ramping up its production to prepare to deliver product at increasing volumes in its Colorado Springs production facility.
SG&A expense was approximately $1.9 million for the three months ended June 30, 2016 compared to $3.7 million for the three months ended June 30, 2015 as the Company reduced expenses in SG&A after the acquisition of the Atmel touch sensor division due to expense synergies realized.
Net loss was $6.1 million, or $0.16 per basic and diluted share for the three months ended June 30, 2016, as compared to a net loss of $15.7 million, or $1.17 per basic and diluted share for the three months ended June 30, 2015.
As of June 30, 2016, the company maintained cash and cash equivalents of $11.3 million, working capital of $14.4 million and no convertible notes or debt on the balance sheet.vider of Performance Engineered Films to the touchscreen and flexible electronics markets, reported financial results for the second quarter ended June 30, 2016.
“The just completed second quarter continues the transformation arc of the company,” Jeffrey A. Hawthorne, president and CEO of UniPixel, said. “We are extremely pleased with the success during 2016 on winning 19 program designs, and look forward to the revenues being recognized from that active order pipeline as shipments begin to ramp during the second half of 2016 and increase into 2017.”
“We continue to make improvements as we refine our manufacturing processes to effectively and efficiently meet the new demand we expect for our products,” continued Hawthorne. “In our discussions with existing and potential new customers around the world we continue to receive positive indications that metal mesh technology is gaining market share as it enables tablet and PC manufacturers to design products that are thinner, lighter, faster with highly responsive touchscreens and optimized advanced stylus capabilities. We are dedicated to continually enhancing our manufacturing capabilities at Colorado Springs to world-class status in order to meet the needs of our customers in the coming years.”
For the three months ended June 30, 2016 revenues were $1.0 million compared to $0.9 million for the three months ended March 31, 2016 and $1.4 million for the three months ended June 30, 2015.
Cost of revenues was $3.9 million for the three months ended June 30, 2016 and $3.4 million for the three months ended June 30, 2015. The company is currently ramping up its production to prepare to deliver product at increasing volumes in its Colorado Springs production facility.
SG&A expense was approximately $1.9 million for the three months ended June 30, 2016 compared to $3.7 million for the three months ended June 30, 2015 as the Company reduced expenses in SG&A after the acquisition of the Atmel touch sensor division due to expense synergies realized.
Net loss was $6.1 million, or $0.16 per basic and diluted share for the three months ended June 30, 2016, as compared to a net loss of $15.7 million, or $1.17 per basic and diluted share for the three months ended June 30, 2015.
As of June 30, 2016, the company maintained cash and cash equivalents of $11.3 million, working capital of $14.4 million and no convertible notes or debt on the balance sheet.
“The just completed second quarter continues the transformation arc of the company,” Jeffrey A. Hawthorne, president and CEO of UniPixel, said. “We are extremely pleased with the success during 2016 on winning 19 program designs, and look forward to the revenues being recognized from that active order pipeline as shipments begin to ramp during the second half of 2016 and increase into 2017.”
“We continue to make improvements as we refine our manufacturing processes to effectively and efficiently meet the new demand we expect for our products,” continued Hawthorne. “In our discussions with existing and potential new customers around the world we continue to receive positive indications that metal mesh technology is gaining market share as it enables tablet and PC manufacturers to design products that are thinner, lighter, faster with highly responsive touchscreens and optimized advanced stylus capabilities. We are dedicated to continually enhancing our manufacturing capabilities at Colorado Springs to world-class status in order to meet the needs of our customers in the coming years.”
For the three months ended June 30, 2016 revenues were $1.0 million compared to $0.9 million for the three months ended March 31, 2016 and $1.4 million for the three months ended June 30, 2015.
Cost of revenues was $3.9 million for the three months ended June 30, 2016 and $3.4 million for the three months ended June 30, 2015. The company is currently ramping up its production to prepare to deliver product at increasing volumes in its Colorado Springs production facility.
SG&A expense was approximately $1.9 million for the three months ended June 30, 2016 compared to $3.7 million for the three months ended June 30, 2015 as the Company reduced expenses in SG&A after the acquisition of the Atmel touch sensor division due to expense synergies realized.
Net loss was $6.1 million, or $0.16 per basic and diluted share for the three months ended June 30, 2016, as compared to a net loss of $15.7 million, or $1.17 per basic and diluted share for the three months ended June 30, 2015.
As of June 30, 2016, the company maintained cash and cash equivalents of $11.3 million, working capital of $14.4 million and no convertible notes or debt on the balance sheet.vider of Performance Engineered Films to the touchscreen and flexible electronics markets, reported financial results for the second quarter ended June 30, 2016.
“The just completed second quarter continues the transformation arc of the company,” Jeffrey A. Hawthorne, president and CEO of UniPixel, said. “We are extremely pleased with the success during 2016 on winning 19 program designs, and look forward to the revenues being recognized from that active order pipeline as shipments begin to ramp during the second half of 2016 and increase into 2017.”
“We continue to make improvements as we refine our manufacturing processes to effectively and efficiently meet the new demand we expect for our products,” continued Hawthorne. “In our discussions with existing and potential new customers around the world we continue to receive positive indications that metal mesh technology is gaining market share as it enables tablet and PC manufacturers to design products that are thinner, lighter, faster with highly responsive touchscreens and optimized advanced stylus capabilities. We are dedicated to continually enhancing our manufacturing capabilities at Colorado Springs to world-class status in order to meet the needs of our customers in the coming years.”
For the three months ended June 30, 2016 revenues were $1.0 million compared to $0.9 million for the three months ended March 31, 2016 and $1.4 million for the three months ended June 30, 2015.
Cost of revenues was $3.9 million for the three months ended June 30, 2016 and $3.4 million for the three months ended June 30, 2015. The company is currently ramping up its production to prepare to deliver product at increasing volumes in its Colorado Springs production facility.
SG&A expense was approximately $1.9 million for the three months ended June 30, 2016 compared to $3.7 million for the three months ended June 30, 2015 as the Company reduced expenses in SG&A after the acquisition of the Atmel touch sensor division due to expense synergies realized.
Net loss was $6.1 million, or $0.16 per basic and diluted share for the three months ended June 30, 2016, as compared to a net loss of $15.7 million, or $1.17 per basic and diluted share for the three months ended June 30, 2015.
As of June 30, 2016, the company maintained cash and cash equivalents of $11.3 million, working capital of $14.4 million and no convertible notes or debt on the balance sheet.
