Uni-Pixel Earnings: Here’s Why the Stock is Down Now
Uni-Pixel, Inc. (NASDAQ:UNXL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.64%.
Uni-Pixel, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.07 in the quarter versus EPS of $-0.29 in the year-earlier quarter.
Revenue: Decreased 0% to $5.07 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Uni-Pixel, Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.12. It beat the average revenue estimate of $5 million.
Quoting Management: “Our record quarter was the result of the successful execution of our preferred price and capacity model for UniBoss,” said Reed Killion, president and CEO of UniPixel. “This included $5.0 million in a non-recurring engineering milestone payment from our major PC manufacturer licensee, marking strong progress towards worldwide commercialization of our UniBoss touch screen technology. The payment is helping to finance the ramp-up in our manufacturing capacity to meet anticipated customer demand, as we address a touch module market that Display Search expects to grow from $13 billion to $32 billion by 2018.”
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