UniPixel Reports First Quarter 2015 Results
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UniPixel (UNXL) Misses Q1 EPS by 2c; $3M Cash Burn
May 11, 2015 4:15 PM UTCUniPixel (NASDAQ: UNXL) reported Q1 EPS of ($0.46), $0.02 worse than the analyst estimate of ($0.44).
Cash and cash equivalents totaled $20.7 million at March 31, 2015, as compared to $23.7 million at December 31, 2014.
"During the quarter, we continued to make progress improving the features and cost structure of our InTouch" and Diamond Guard" technology as we conducted extensive due diligence and evaluation of Atmel Corporation's XSense technology," commented Jeff Hawthorne, UniPixel's president and CEO. "We determined that by combining the best elements from XSense and our InTouch technologies, we expect to substantially reduce our go-to-market risk and provide a... More
