UniPixel Inc (NASDAQ: UNXL)
UniPixel is having an incredibly strong day in the market today, and for good reason. The company recently announced a key design win that will lead to strong revenue heading forward. Today, we’ll talk about the details of the design win, how the market reacted to the news, and what we can expect to see from UNXL moving forward.
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UNXL Announces Its 15th Design Win For The Year
As mentioned above, UniPixel is having an incredibly strong day in the market today after announcing that it has reached its 15th design win for the year 2016. The design the company won was for a 2-in-1 convertible laptop that is designed for the education market. While the name of the customer has not been released, it has been announced that the design was created for a returning customer of UNXL.
According to the announcement, the design was for a device that will have an 11.6-inch screen. The design takes advantage of XTouch metal mesh touch sensor technology created by UNXL in order to deliver superior active stylus performance. The company also said that it is expecting the design to enter into production toward the end of the fourth quarter of 2016. So far, UNXL has 19 total program design wins. 15 of them have come in the year 2016, with 10 of them being 2-in-1 devices. In a statement Jeff Hawthorne, President and CEO at UniPixel, had the following to offer:
“We continue to gain traction in having our products included in the next wave of computing devices coming to the market. With stylus use becoming more important to technology end-users, our XTouch and Diamond Guard technologies deliver superior stylus performance while enabling some of the thinnest and lightest new products coming to market. We are pleased that our products are increasingly gaining acceptance by PC manufacturers worldwide.”
How The Market Reacted To The News
As investors, one of the first things that we learn is that the news moves the market. When positive news is released surrounding a publicly-traded company, we tend to see gains in the value of the stock that is representative of the company. Adversely, when negative news is released, we can expect to see declines. In this particular case, the news was overwhelmingly positive. After all, UNXL has now achieved its 15th design win for the year and it looks like there are going to be plenty more to come. As a result, we’re seeing strong gains in the value of the stock today. Currently (10:39), UNXL is trading at $1.90 per share after a gain of $0.04 per share or 2.15% 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’s innovation in both XTouch and Diamond Guard has led it to win several designs so far this year and, considering the traction it is gaining in the industry, I believe that we’re only seeing the beginning. The bottom line is that UNXL has come up with incredible product offerings and has a plan to ensure that those product offerings are profitable. Most importantly, it is clear that the company is following through with that plan. All in all, from everything I’ve seen, all signs seem to be pointing toward strong growth in both the short- and long-term views!
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What Do You Think?
Where do you think UNXL is headed moving forward and why? Let us know your opinion in the comments below!
[Image Courtesy of Wikipedia]