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Unilens Vision Inc (UVICF/UVICF.OB) Wrap Up:

Unilens Vision, Inc., through its subsidiary, Unilens Corp. USA, develops, manufactures, distributes, and licenses specialty contact lens products. It operates in four business lines: disposable lenses, conventional soft lenses, gas permeable lenses, and replacement and other lenses. The disposable lenses line consists of the C-Vue, a multifocal cast molded blister-packed box of six lenses, which is sold for frequent replacement; and the C-Vue Aspheric single vision lens, a single vision disposable soft contact lens sold for two week replacement. The conventional soft lenses line includes the C-Vue Toric Multifocal that is designed for patients with an astigmatism that require bifocal correc...
www.unilens.com
Founded in 1982

Unilens Vision Inc (UVICF:OTC Bulletin Board Market)

LAST $3.60 USD
CHANGE TODAY -0.05 -1.37%
VOLUME 12.8K
As of 3:44 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Unilens Vision Inc (UVICF)

OPEN
$3.50
PREVIOUS CLOSE
$3.65
DAY HIGH
$3.65
DAY LOW
$3.46
52 WEEK HIGH
12/30/08 - $3.85
52 WEEK LOW
04/8/09 - $2.25
MARKET CAP
16.4M
AVERAGE VOLUME 3 mo
18.0K
DILUTED EPS TTM
--
SHARES OUTSTANDING
4.6M
EX-DATE
11/10/09
P/E TTM
NM
DIVIDEND
$0.36
DIVIDEND YIELD
10.00%
K = Thousands  M = Millions  B = Billions

UVICF Top Compensated Officers

Mr. Michael Pecora
Chief Executive Officer, President and Direct...
Age: 47
Total Annual Compensation: $160.5K
Mr. Leonard F. Barker
Chief Financial Officer, Vice President, Secr...
Age: 61
Total Annual Compensation: $81.5K
Ms. Kelly McKnight-Goelz
Vice President of Sales & Marketing
Age: 41
Total Annual Compensation: $117.2K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Unilens Vision Inc (UVICF)

Unilens Vision Inc. Declares Quarterly Dividend Payable on November 27, 2009

Unilens Vision Inc.'s Board of Directors declared its regular quarterly cash dividend of $0.09 per common share, payable on November 27, 2009 to stockholders of record at the close of business on November 13, 2009.

Unilens Launches Monthly Disposable C-VUE Advanced(R) Toric Multifocal Contact Lens

Unilens Vision Inc. announced the launch of the all new monthly C-VUE AdvancedŽToric Multifocal. The C-VUE Advanced Toric Multifocal for astigmatic presbyopes will be sold directly to independent eye care professionals offering technology so sophisticated, it will allow for complete customization including the capability to specify the ADD power and zone size. The monthly replacement lens features a free trial program, advanced hydration material and exceptional deliverability (typically ships within 2 to 3 days). C-VUE Advanced Toric Multifocal is available in new convenient blister packaging with hioxifilcon D, a material which offers advanced hydration properties that allow it to retain 97% of its moisture resulting in all day comfort. As the presbyopic population continues to grow faster than the population as a whole, this new product offering (for astigmatic presbyopes) and free trial program will provide independent practitioners with an additional specialty C-VUE contact lens option that contributes to patient retention and practice profitability. C-VUE Advanced Toric Multifocal is an easy to fit specialty toric multifocal contact lens, designed in an extremely wide range of customizable parameters with exceptional deliverability. The lens offers made to order base curves, diameters, powers and cylinders combined with axis in one degree steps. Practitioners can even specify individual ADD powers and zone sizes.

Unilens Vision Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2009

Unilens Vision Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2009. For the quarter, the company reported net sales excluding royalty income decreased 4.4% to $1,731,370 compared to $1,811,447 in the prior-year. Net sales of the Company's C-Vue brand disposable contact lenses increased approximately 7% during the fourth quarter of FY2009, while Low Vision stocking orders to exclusive distributor declined, along with the expected decline in replacement lens category. Income before taxes increased 4.0% to $880,954 compared with $846,701 in the prior-year. The company reported net income of $597,965 or $0.13 per diluted share. This compared with net income of $508,651 or $0.11 per diluted share in the prior-year fourth quarter, which included net income tax expense of $338,050. Income from operations was $150,316 compared to $101,684 for the same period of last year. Income before income tax expense was $880,954 compared to $846,701 for the same period of last year. Cash provided by operating activities was $945,249 compared to $845,756 for the same period of last year. For the full year, the company reported net sales, excluding royalty income, increased 0.9% to $6,724,181 compared with $6,665,566 in the previous fiscal year. The increase was primarily a result of continued growth of the Company's C-Vue brand disposable specialty contact lenses, sold exclusively to licensed eye care professionals. Income before taxes increased 13.8% to a record $3,001,179 compared with $2,636,652 in the prior-year. After recording net income tax expense of $1,131,052, the company reported net income of $1,870,127 or $0.41 per diluted share. In 2008, the company reported net income of $1,630,592 or $0.36 per diluted share, which included income tax expense of $1,006,060. Income from operations was $184,171 compared to $24,818 for the same period of last year. Income before income tax expense was $3,001,179 compared to $2,636,652 for the same period of last year. Cash provided by operating activities was $3,201,023 compared to $2,694,414 for the same period of last year.

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UVICF Competitors

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Industry Analysis

Valuation UVICF Industry Range
Price/Earnings 8.5x
Price/Sales 2.4x
Price/Book 3.4x
Price/Cash Flow 8.5x
TEV/Sales 2.1x

UVICF

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UVICF transactions

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More Recent News About Unilens Vision Inc

More news for UVICF

Unilens Announces Stock Repurchase Agreement Funded by $6.9 Million Loan Facility and $1.5 Million Credit Line

LARGO, Fla., Nov. 9 /PRNewswire-FirstCall/ -- Unilens Vision Inc. (OTC Bulletin Board: UVICF - News; TSX Venture Exchange: UVI - News) today announced the Company entered into a Stock Purchase Agreement in which it agreed to repurchase 2,188,861 shares of its common stock, representing approximately 48% of it's outstanding shares, from its largest shareholder, Uniinvest Holding AG in Liquidation for an aggregate purchase price of $6,894,912 or $3.15 per share. The repurchased shares will be returned to the Company's treasury. The Sale is expected to close in the first quarter of calendar year 2010. It is subject to the Company receiving minority shareholder approval in accordance with TSX Venture Exchange policy as well as Uniinvest satisfying certain requirements applicable to it due to its pending bankruptcy proceedings.The Company will fund the transaction primarily through a $6.9 million 5-year term loan facility provided to the Company's wholly owned subsidiary Unilens Corp., USA, by Regions Bank, facilitated by the Company's Investment Bankers, Hyde Park Capital Partners, LLC. Unilens Corp., USA also obtained a $1.5 million line of credit from Regions Bank for working capital purposes. Th...
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Unilens Announces Director Resignation

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Unilens Vision Inc. Declares Regular Quarterly Cash Dividend of U.S. $0.09 Per Share

LARGO, Fla., Nov. 2 /PRNewswire-FirstCall/ -- The Unilens Vision Inc. (OTC Bulletin Board: UVICF - News; TSX Venture Exchange: UVI - News) Board of Directors today declared its regular quarterly cash dividend of U.S. $0.09 per common share, payable November 27,( )2009 to stockholders of record at the close of business on November 13, 2009. "We are pleased to continue the U.S. $0.09 per share quarterly dividend, which on a annualized dividend rate of U.S. $0.36 per share provides a dividend yield of 11.1% based on the closing price of our common stock in the U.S. on Friday October 30, 2009", stated Michael J. Pecora, Chief Executive Officer of Unilens Vision Inc.About Unilens Vision Inc. - "The Eye Care Professionals Specialty Contact Lens Company"C-Vue brand directly to Independent Eye Care Professionals. Additional information on the Company may be accessed on the Internet at www.unilens.com. The Company's common stock is listed on the OTC Bulletin Board under the symbo...
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Unilens Launches Monthly Disposable C-VUE Advanced(R) Toric Multifocal Contact Lens

LARGO, Fla., Oct. 7 /PRNewswire-FirstCall/ -- Unilens Vision Inc. (OTC Bulletin Board: UVICF; TSX Venture Exchange: UVI), which develops, licenses, manufactures, distributes and markets specialty contact lenses, today announced the launch of the all new monthly C-VUE Advanced® Toric Multifocal. The C-VUE Advanced Toric Multifocal for astigmatic presbyopes will be sold directly to independent eye care professionals offering technology so sophisticated, it will allow for complete customization including the capability to specify the ADD power and zone size. The monthly replacement lens features a free trial program, advanced hydration material and exceptional deliverability (typically ships within 2 to 3 days). C-VUE Advanced Toric Multifocal is available in new convenient blister packaging with hioxifilcon D, a material which offers advanced hydration properties that allow it to retain 97% of its moisture resulting in all day comfort. As the presbyopic population continues to grow faster than the population as a whole, this new product offering (for astigmatic presbyopes) and free trial program will provide independent practitioners with an additional specialty C-VUE contact lens option that contributes to patient retention and practice profitability.C-VUE Advanced Toric Multifocal is an easy to fit specialty toric multifocal contact lens, designed in an extremely wide range of customizable parameters with exceptional deliverability. The lens offers made to order base curves, diameters, powers and cylinders combined with axis in one degree steps. Practitioners can even specify individual ADD powers and zone sizes."The launch of the C-VUE Advanced Toric Multifocal continues our time honored tradition of providing outstanding specialty lens technology exclusively to licensed optical professionals," stated Michael Pecora, C...
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Unilens Vision Reports Record Revenue, Pretax Earnings and Royalty Income for Year Ended June 30, 2009

LARGO, Fla., Sept. 30 /PRNewswire-FirstCall/ -- Unilens Vision Inc. (OTC Bulletin Board: UVICF; TSX Venture Exchange: UVI), which develops, licenses, manufactures, distributes and markets specialty contact lenses, today reported its operating results for the fourth quarter and fiscal year ended June 30, 2009 (FY2009). C-Vue brand disposable specialty contact lenses, sold exclusively to licensed eye care professionals.Royalty income for FY2009 increased 9.3% to a record $2,874,028 compared with $2,629,123 in the prior-year. Sales of licensed products by our licensee Bausch & Lomb continue to increase, resulting in continued royalty income growth and record royalty payments.FY2009 income before taxes increased 13.8% to a record $3,001,179 compared with $2,636,652 in the prior-year. After recording net income tax expense of $1,131,052, Unilens reported net income of $1,870,127 an increase of 14.7% compared to FY2008, or $0.41 per diluted share. In FY2008, the Company reported net income of $1,630,592, or $0.36 per diluted share, which included income tax expense of $1,006,060.C-Vue brand of lenses sold exclusively to independent practitioners, combined with a 9% growth in royalty revenue derived from Bausch & Lomb's sales of multifocal lenses that use our key technologies, was responsible for our record performance."C-Vue brand disposable contact lenses increased approximately 7% during the fourth quarter of FY2009, while Low Vision stocking orders to our exclusive distributor declined, along with the expected decline in our replacement lens category.Royalty income for the fourth quarter ended June 30, 2009 increased 2.6% to a record $759,813, compared with $740,482 in the prior-year, demonstrating continued demand for sales of licensed products by our licensee Bausch & Lomb.Income b...
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UNILENS VISION INC Financials

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