THE WOODLANDS, TX – UniPixel reported second-quarter revenue of $138,000, up 252% year-over-year.
Revenue for the period was primarily related to engineering services, as well as the sale of the company's thin film product.
During the quarter, the firm reported a net loss of $1.7 million, compared to net income of $676,000 in the prior year quarter.
“We raised our last round of funding in December 2010 specifically to bring mastering and manufacturing capabilities for our UniBoss performance engineered film technology in-house and commercialize the flexible printed circuit products that are enabled by the UniBoss manufacturing process,” said Reed Killion, president and CEO.
“In the second quarter, we achieved this major milestone by completing on schedule and under budget the installation and qualification of new in-house UniBoss mastering and production equipment," he said.
UniPixel provides performance engineered films for the touch screen, antenna, flexible printed circuit, lighting and display markets.