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) reported a 21% revenue growth for the fiscal year 2022, totaling $19.4 million compared to $16.0 million in 2021. The gross profit increased to $13.9 million, with a margin of 72%. Although the net loss decreased to $63.4 million from $69.2 million, Non-GAAP Adjusted EBITDA loss improved to $26.6 million. The spin-off of its workplace experience products is expected to benefit shareholders. For 2023, Inpixon aims to accelerate growth in its real-time location system (RTLS) business, projected to reach $12.7 billion by 2026 with a CAGR of 26.5%. The company was recognized as a Leader in the Gartner Magic Quadrant for Indoor Location Services.
On March 27, 2023, Inpixon (Nasdaq: INPX) announced a conference call scheduled for March 30, 2023, at 4:30 p.m. ET to discuss its financial results for the fiscal year ending December 31, 2022. The results will be released after market close on the same day, and the call will also provide updates on corporate progress and developments. Interested parties can access the call via telephone or through a webcast. Replays will be available post-call. Inpixon is recognized for its Indoor Intelligence solutions, enhancing safety and operational efficiency across various industries.
Inpixon (Nasdaq: INPX) has completed a tax-free distribution of 100% of the capital stock of CXApp Holding Corp. to its shareholders as of March 6, 2023. This distribution led to the business combination with KINS Technology Group Inc., now known as CXApp, with Inpixon Securityholders receiving a total of 7,035,000 shares of CXApp common stock. Under the terms, each share of Inpixon resulted in approximately 0.0975 shares of Class A and 0.3458 shares of Class C common stock, which will convert under specific conditions. Regular trading of CXApp shares will commence on Nasdaq as CXAI starting March 15, 2023.
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