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Inpixon - INPX STOCK NEWS

Welcome to our dedicated page for Inpixon news (Ticker: INPX), a resource for investors and traders seeking the latest updates and insights on Inpixon stock.

Inpixon® (Nasdaq: INPX) is a leader in indoor positioning and data analytics, helping organizations create safer and more efficient environments through cutting-edge technology. The company's innovative solutions include sensors designed to detect all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. These sensors, when paired with Inpixon's high-performance data analytics platform, provide comprehensive visibility, security, and business intelligence for various commercial and government premises globally.

Inpixon's range of products and infrastructure solutions harnesses the power of mobile technology, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of indoor spaces. The company's professional services group assists customers in leveraging their indoor data to enhance operations, increase productivity, and ensure safety.

Inpixon's recent milestones include significant progress in mergers and acquisitions. The company has entered into agreements with two transportation disruptors: XTI Aircraft Company and Damon Motors Inc. XTI Aircraft is developing the TriFan 600, a revolutionary fixed-wing, vertical lift crossover airplane, with over 700 pre-orders representing potential gross revenues exceeding $7 billion. Following the merger, Inpixon will be renamed XTI Aerospace, and the new entity will trade under the ticker symbol XTIA.

Additionally, Inpixon is planning a spin-off of its newly formed subsidiary, Grafiti Holding, which will merge with Damon Motors. Damon is known for its advanced electric motorcycles, such as the HyperSport, which boasts over $85 million in pre-production consumer reservations. This merger aims to propel Damon’s innovative motorcycles into the market while maximizing shareholder value.

Financially, for the quarter ended September 30, 2023, Inpixon reported revenues of $2.0 million and a gross profit margin of 78%, reflecting improved operations despite an operating loss due to strategic transaction costs. With over $13.5 million in cash and equivalents, Inpixon remains focused on managing expenses carefully.

For the latest insights on Inpixon's innovative indoor positioning and data analytics solutions, follow the company on LinkedIn or X and visit inpixon.com.

News

Inpixon Announces Anticipated Closing Date for XTI Merger and Share Consolidation

Rhea-AI Summary
Inpixon announces the merger with XTI Aircraft Company to create XTI Aerospace, focusing on the TriFan 600 aircraft. The new entity will trade on Nasdaq under the ticker symbol 'XTIA'. Nadir Ali, CEO of Inpixon, highlights the potential of the TriFan 600 to revolutionize private air transportation, with over 700 conditional pre-orders indicating a potential revenue of over $7 billion.
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XTI Aircraft Company Receives Expanded Patent from China

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XTI Aircraft Company receives an expanded patent from CNIPA for the TriFan 600, enhancing intellectual property protection in China. The patent covers pivotal aspects of the aircraft's design, crucial for vertical takeoff and horizontal thrust. XTI and Inpixon are progressing with their merger, aiming for closure in Q1 2024.
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Inpixon Provides Update on Pending Strategic Transactions

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Inpixon (INPX) is working with XTI Aircraft Company to satisfy closing conditions for a business combination transaction. The combined company, XTI Aerospace, Inc. (XTIA), will focus on advancing the TriFan 600 and Inpixon's real-time location systems technology. The enterprise value of XTI is estimated to be between $252 million and $343 million. In addition, Inpixon has announced a spin-off of its subsidiary, Grafiti Holding Inc., and the shares will be distributed to participating securityholders prior to the closing of the business combination with Damon Motors, Inc.
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SOL Global Changes Auditor and Provides Corporate Update

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SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) announces a change of auditors, nomination of John Zorbas to the Board, grant of DSUs, and updates on Damon Motors. The company also entered into an intercreditor agreement and received an advance from the First Lien Lender.
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Inpixon Announces That Damon Motors Will Feature Its HyperFighter Superbike at CES 2024

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Inpixon (Nasdaq: INPX) continues to advance the planned spin-off and business combination between Inpixon Subsidiary Grafiti Holding and Damon Motors; Record Date Set for December 27, 2023
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Inpixon Announces Record Date and Details for Subsidiary Spin-off and its Planned Business Combination with Damon Motors

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Inpixon (Nasdaq: INPX) has set December 27th, 2023 as the record date for the spin-off of Grafiti Holding Inc. in connection with its planned business combination with Damon Motors, Inc. Upon completion, the combined company will be listed on the Nasdaq Capital Market. The spin-off is expected to provide an opportunity for shareholders to maximize value, while the business combination aims to introduce Damon's innovative HyperSport electric motorcycle to the market.
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Inpixon Announces Shareholder Approval of Proposals Related to Merger Agreement with XTI Aircraft Company, Developer of a Vertical Lift Crossover Airplane (VLCA)

Rhea-AI Summary
Inpixon (NASDAQ: INPX) has received shareholder approval for its merger agreement with XTI Aircraft Company, forming XTI Aerospace, Inc. The merger is expected to create a publicly traded company focusing on advancing the TriFan 600 aircraft and offering Inpixon's real-time location systems technology. The enterprise value of XTI is estimated to be between $252 million and $343 million. Conditional pre-orders for more than 700 TriFan 600s indicate potential gross revenues of over $7 billion upon delivery.
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Inpixon Reports Third Quarter 2023 Financial Results and Provides Business Update

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Inpixon (Nasdaq: INPX) reported financial results for Q3 2023 and announced two definitive merger agreements. The company is merging with XTI Aircraft, developer of the TriFan 600, and spinning off SAVES UK business to merge with Damon Motors Inc. The merger with XTI is expected to close in Q4 2023, while the spin-off and merger with Damon is set for Q1 2024. Inpixon's Q3 2023 revenues were $2.0 million, with gross profit at $1.6 million and net loss from continuing operations at $10.8 million. The company will host a conference call at 4:30 p.m. Eastern Time today to provide a business update and presentation by Damon Motors' management.
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Inpixon Schedules Business Update Conference Call and Presentation by Damon Motors Management

Rhea-AI Summary
Inpixon will host a conference call presentation on November 14, 2023, to provide a business update and present Damon Motors Inc. The conference call will follow the planned spin-off of Inpixon's subsidiary, Inpixon Ltd., and its merger with Damon. Inpixon will release its financial results for Q3 2023 on the same day. Interested parties can access the conference call presentation and webcast replay on Inpixon's Investor Relations section of the website.
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Damon Motors, Makers of the Award Winning HyperSport EV Motorcycle, Announces Merger with Inpixon Ltd., and Plans for Nasdaq Listing of Combined Company

Rhea-AI Summary
Damon Motors signs definitive agreement with Inpixon for a reverse merger with Grafiti Holding. Damon's HyperSport electric motorcycle receives over $85 million in pre-production reservations. The enterprise value of Damon is estimated to be between $224 million and $284 million.
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FAQ

What is the market cap of Inpixon (INPX)?

The market cap of Inpixon (INPX) is approximately 10.2M.

What is Inpixon's core business?

Inpixon specializes in indoor positioning and data analytics, providing comprehensive solutions for visibility, security, and business intelligence in commercial and government premises.

What recent strategic moves has Inpixon made?

Inpixon has entered into definitive agreements with XTI Aircraft Company and Damon Motors Inc., aiming to leverage their revolutionary transportation technologies.

What is the significance of the merger with XTI Aircraft?

The merger with XTI Aircraft, developing the TriFan 600, is expected to create a combined entity named XTI Aerospace, offering substantial growth potential with over 700 pre-orders.

What does Inpixon's partnership with Damon Motors involve?

Inpixon's partnership with Damon Motors involves a business combination with its subsidiary Grafiti Holding. Damon is known for its advanced electric motorcycles, such as the HyperSport.

How has Inpixon's financial performance been in recent quarters?

Inpixon reported revenues of $2.0 million and a gross profit margin of 78% for the quarter ended September 30, 2023. The company is managing expenses while focusing on strategic transactions.

What products does Inpixon offer?

Inpixon offers sensors that detect cellular, Wi-Fi, and Bluetooth devices, an advanced data analytics platform, and real-time location system (RTLS) solutions for various industries.

How do Inpixon's solutions benefit customers?

Inpixon's solutions help customers optimize operations, increase productivity, enhance safety, and gain valuable insights from their indoor data.

What are the anticipated benefits of the Damon Motors merger?

The merger with Damon Motors is expected to maximize shareholder value by leveraging Damon's innovative electric motorcycles and extensive pre-production reservations.

Where can I find more information about Inpixon's updates?

You can find the latest information on Inpixon's website at inpixon.com, and by following the company on LinkedIn and X.

What is Inpixon's focus after the mergers?

Post-merger, Inpixon will focus on advancing XTI Aircraft's TriFan 600 and continuing its RTLS technology offerings, aiming to create smarter, safer, and more efficient environments.

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Inpixon

Nasdaq:INPX

INPX Rankings

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INPX Stock Data

10.24M
103.38M
21.55%
4.16%
0.08%
Software - Application
Technology
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United States
Palo Alto