Inpixon - INPX STOCK NEWS

Inpixon (INPX) Enters Definitive Merger Agreement with XTI Aircraft; Business Update Presentation Scheduled. The company aims to create value for shareholders by merging with XTI Aircraft, a leading aviation company developing a vertical lift crossover airplane. With over 700 conditional pre-orders, representing potential gross revenues of approximately $7.1 billion, the merger is expected to be completed in Q4 2023. The Business Update Presentation with XTI Aircraft Management will be held today at 4:30 p.m. ET.

INPX: Inpixon to Host Conference Call for Business Update and XTI Aircraft Company Merger Presentation. Inpixon, a leading provider of real-time location systems (RTLS), will host a conference call on August 14, 2023, to provide a business update and a presentation by XTI's management following the recently announced definitive merger agreement. Financial results for Q2 2023 will also be released. Interested parties can access the conference call presentation via the provided web link. Shareholders and interested parties can submit questions to Inpixon management via email.

Inpixon has entered into a merger agreement with XTI Aircraft Company to create a publicly traded company focused on developing vertical takeoff and landing aircraft. The merger is expected to be completed by Q4 2023.

Inpixon integrates ChatGPT, a generative AI, into its RTLS solution, offering enhanced data insights and conversational user interface. This innovation benefits operations managers in production and logistics, enabling faster communication and better understanding of data.

Inpixon completes spin-off of workplace experience business line, reports 17% increase in revenue for Q1 2023

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.