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.
Inpixon (Nasdaq: INPX) announced on February 16, 2021, a registered direct offering of 9,950,250 shares of common stock at $2.01 per share, raising approximately $20 million before fees. The offering includes warrants for an equal number of shares, exercisable immediately at the same price and valid for five years. The expected closing date is around February 18, 2021. Proceeds will support strategic activities, including potential acquisitions, to drive growth. Maxim Group LLC acts as placement agent, and all transactions are conducted under an SEC-approved registration statement.
Inpixon (Nasdaq: INPX) announced a registered direct offering of 15 million shares at $2.00 each, potentially raising $30.0 million before fees. The offering includes warrants for an additional 15 million shares at the same price, with an exercise period of five years. The proceeds are intended for strategic activities and potential acquisitions to drive growth. The closing is anticipated by February 17, 2021, pending customary conditions. This offering is registered via an effective shelf registration statement with SEC.
Inpixon (Nasdaq: INPX) has partnered with Unitronic to distribute its carbon dioxide (CO2) sensor modules, aiming to enhance indoor air quality and mitigate the risk of SARS-CoV-2 transmission. The agreement allows Unitronic to offer these sensors to its base of OEMs and system integrators, facilitating their use in building automation systems. As concerns about indoor air quality grow amid the pandemic, both companies anticipate significant demand for these solutions. The CO2 sensors can help organizations implement effective ventilation strategies to ensure safe environments.
Inpixon (Nasdaq: INPX) has unveiled its next-generation chirp RTLS anchor board, featuring reduced size, integrated antennas, and improved operating temperature tolerances. This affordable product aims to enhance the adoption of large-scale real-time location systems (RTLS) in various applications, including workplace safety and productivity. The Inpixon nanoANQ Chirp PCB allows OEMs and integrators to quickly implement location awareness into existing products without complex firmware coding.
Inpixon (Nasdaq: INPX) has released its first report, The State of Indoor Intelligence 2021, based on a survey of 143 business respondents. The report highlights the growing adoption of indoor intelligence technology, particularly its role in organizational operations and safety. Key findings include that 83% plan to use solutions for physical distance monitoring and 57% for digital contact tracing. Furthermore, 48% of businesses accelerated their timelines for adopting indoor intelligence solutions due to the pandemic. The report is available for complimentary download.
Inpixon (Nasdaq: INPX) announced a registered direct offering to sell 19,354,838 shares of common stock at $1.55 per share, along with warrants to purchase an equal number of shares, potentially raising $30 million in gross proceeds. The offering, managed by Maxim Group LLC, aims to fund future acquisitions and strategic activities to drive growth. The closing is expected around January 27, 2021, contingent on customary conditions. The offering is under a shelf registration statement effective since June 5, 2018, and does not constitute a solicitation in jurisdictions where it would be unlawful.
Inpixon (Nasdaq: INPX) announced the release of its updated Inpixon Aware solution on Jan. 5, 2021. This enhanced indoor security platform offers improved ultra-wideband (UWB) device detection, RF noise mitigation, and IPv6 support, enabling organizations to monitor wireless devices and enhance security. Inpixon Aware 5.17 is designed for enterprises and government agencies, helping them manage risks and improve operational efficiency. CEO Nadir Ali emphasized its utility in ensuring safety and security within organizations.
Inpixon (Nasdaq: INPX) announced a contract for its Inpixon Mapping service with a leading medical technology provider, covering nearly one million square feet across its headquarters campus. The mapping solution will enhance workplace productivity through digital wayfinding and room-booking capabilities. The agreement promises both one-time professional services revenue and ongoing revenue from the mapping platform license. CEO Nadir Ali emphasized the significance of this contract in improving employee experiences and supporting a safer workplace.
Inpixon (Nasdaq: INPX) has launched nanoLES 3.3, enhancing its real-time location systems (RTLS) with improved accuracy and scalability. The new version features advanced capabilities such as ultra-wideband (UWB) positional accuracy and a RESTful API for better interoperability. CTO Adam Benson emphasized the importance of precision and scalability for clients, while CEO Nadir Ali highlighted the market forecast of a 17.1% CAGR, reaching $39.2 billion by 2025, positioning Inpixon favorably in a growing sector.
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