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) has formed a collaboration with Schauenburg Systems to supply real-time location technologies to mining companies in South Africa. The partnership aims to sell hundreds of thousands of nanoLOC chips, enhancing mine safety with features like tracking and collision avoidance. Schauenburg Systems, recognized for its smart mining solutions, will incorporate Inpixon's technologies into its offerings, targeting a significant gold mine. This move aligns with the industry's shift towards automation and safety improvement.
Inpixon (Nasdaq: INPX) announced that its Inpixon Swarm Chirp V3 RF transceiver module received FCC certification and certification from ISED Canada, as well as CE declaration of conformity. These certifications validate the product's compliance with industry standards, facilitating customer adoption. The module offers long-range real-time location system capabilities of up to 1,000 meters, significantly surpassing traditional devices. The RTLS market is projected to grow from USD 3.9 billion in 2021 to USD 12.7 billion by 2026, at a CAGR of 26.5%. Inpixon aims to leverage this growth with its innovative solutions.
Inpixon (Nasdaq: INPX) has been awarded Coworking Platform of the Year at the 2022 PropTech Breakthrough Awards for its significant contributions to the real estate technology sector. This recognition highlights the effectiveness of Inpixon Experience, which aids businesses in optimizing office space utilization, enhancing employee engagement, and improving productivity in hybrid work environments. Key features include an occupancy dashboard, automated booking systems, and real-time communication tools. The award underscores Inpixon's innovative approach to adapting workspaces post-COVID-19.
Inpixon (Nasdaq: INPX) reported robust financial growth for the second quarter of 2022, achieving $4.7 million in revenue, a 37% increase year-over-year, and $10.0 million for the first half, marking a 55% increase. The gross profit was $3.3 million for Q2, with a margin of 70%. Despite revenue growth, the company faced a net loss of $19.9 million for Q2, largely due to increased operating expenses. Inpixon has expanded its customer base, enhanced its organic growth and secured ISO/IEC certification for its enterprise apps. A conference call will discuss these results further.
Inpixon (Nasdaq: INPX) announced a conference call scheduled for August 15, 2022, at 4:30 PM Eastern Time to discuss its financial results for the second quarter ending June 30, 2022. The call will provide updates on corporate progress and developments. Investors can join via telephone or access a webcast on the company's website. A replay will be available until August 22, 2022. Inpixon focuses on Indoor Intelligence, offering solutions that enhance operational productivity and safety across industries.
Inpixon has achieved ISO/IEC 27001:2013 certification for its application platform, which focuses on mapping, locationing, and actionable intelligence for smart campuses and asset tracking. This certification validates the company's commitment to high standards in information security. Executive Vice President David Westgate noted that this accomplishment underscores Inpixon's rigorous security protocols, while CEO Nadir Ali indicated that this milestone is expected to accelerate sales by streamlining customer evaluations and contract approvals. The certification enhances Inpixon's enterprise-focused product line.
Inpixon (Nasdaq: INPX) announced that its subsidiary INTRANAV has joined SAP's PartnerEdge program, enhancing market reach for its smart factory and supply chain solutions. This collaboration allows Inpixon to access SAP's 440,000 global customers and offer solutions through the SAP Store. Inpixon's EVP stated that the partnership allows for improved location-based automation and real-time location system (RTLS) cloud solutions, aiming to optimize industrial processes for Industry 4.0. This strategic alignment could bolster Inpixon's growth and competitive edge in the market.
Inpixon (Nasdaq: INPX) reported a 77% increase in revenue for Q1 2022, reaching $5.2 million compared to $3.0 million in Q1 2021. This growth is attributed to rising sales in Indoor Intelligence and the acquisition of their enterprise app product line. Despite increased gross profit of $3.8 million (up 86%), the company reported a net loss of $11.2 million, though improved from $12.6 million a year prior. The gross profit margin stood at 73%.
Management plans to discuss these results in a conference call at 4:30 PM ET today.
Inpixon (Nasdaq: INPX) will host a conference call on May 16, 2022, at 4:30 PM ET to discuss its financial results for Q1 2022, ending March 31, 2022. The company will release these results after market close the same day.
Investors can dial in via telephone or access a webcast on Inpixon’s investor website. A replay will be available for one year. Inpixon focuses on Indoor Intelligence, offering insights for various sectors using advanced mapping and analytics.
Inpixon (Nasdaq: INPX) has launched a new Enterprise Apps section on its website, rebranding its CXApp products to align with a unified strategy. The new names include Inpixon Experience, Inpixon Events, and Inpixon CX Briefings. The announcement coincides with the one-year anniversary of the company's acquisition of The CXApp, which aims to enhance workplace experience and hybrid event management. The company is optimistic about continued growth in the digital workplace and event management markets, fueled by increasing demand for their innovative solutions.
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