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 that its CXApp event platform has been chosen by the Association of Briefing Program Managers (ABPM) as the exclusive management solution for its events in 2022. This partnership includes a range of conferences and workshops for over 100 Fortune 500 companies. The CXApp offers adaptable features for in-person and hybrid events, addressing challenges related to pandemic restrictions. Inpixon expects this collaboration to enhance visibility and sales opportunities within large enterprises, showcasing its platform as a leader in event management solutions.
Inpixon (Nasdaq: INPX) announced on December 14, 2021, that its board of directors authorized a review of strategic alternatives, which may include an asset sale, a merger, or a spin-off of business units. CEO Nadir Ali emphasized the company’s strong cash position and recent revenue growth, indicating they aim to maximize shareholder value amid stock trading below its potential. Inpixon recently received interest from another firm valuing it above its current market cap and plans to engage an investment bank for the review process. However, no timeline or guarantees for a strategic outcome have been established.
Inpixon (Nasdaq: INPX) has announced its definitive agreement to acquire IntraNav GmbH, a leader in industrial IoT and RTLS technology. This strategic acquisition aims to bolster Inpixon's capabilities in Industry 4.0, enhancing its location intelligence platform with advanced products and a broad IP portfolio. IntraNav's clientele includes major enterprises like Siemens Energy and Festo. The transaction is expected to close on December 9, 2021, and aims to create significant growth opportunities in the industrial IoT market by optimizing operations and improving supply chain efficiencies.
Inpixon (Nasdaq: INPX) reported a robust financial performance for Q3 2021, achieving 74% revenue growth year-over-year, with revenues reaching $4.5 million. For the nine months ending September 30, 2021, revenues doubled to $10.9 million. The increase is driven by enhanced demand for their smart office app and location-based technologies. However, the net loss attributable to stockholders rose to $33.6 million, mainly due to unrealized losses on the Sysorex note and increased operational expenses. The company retains strong liquidity of over $100 million.
On November 9, 2021, Inpixon (Nasdaq: INPX) announced a conference call set for 4:30 p.m. ET on November 15, 2021, to discuss its Q3 2021 financial results, ending September 30, 2021. The financial results will be released after market close on the same day. The call will cover updates on corporate progress and developments. Interested parties can access the call by phone or via a webcast, and a replay will be available post-call. Inpixon specializes in Indoor Intelligence™, providing analytics for various industries.
Inpixon (Nasdaq: INPX) and Ostendo Technology have partnered to deliver an augmented reality (AR) mobile app, ExperienceApp, to Miami Beach's Washington Avenue Business Improvement District. This collaboration, set for an initial two-year term, aims to enhance the visitor experience by integrating AR smart glasses and mapping technology with local cultural and business offerings. City officials, including Mayor Dan Gelber, endorse the initiative as a means to innovate Miami's tech hub and improve tourism engagement.
Inpixon (Nasdaq: INPX) announced its receipt of a Notice of Allowance from the U.S. Patent and Trademark Office for a patent covering geolocation and state-reporting methods for weapon tracking using GPS, cellular, sound, and vibration technologies. This patent strengthens Inpixon's intellectual property portfolio, enhancing its asset tracking capabilities for applications across military, law enforcement, and additional critical sectors. The company intends to utilize these patented methods in its existing weapon tracking products and future asset tracking solutions.
Inpixon (Nasdaq: INPX) announced the launch of Inpixon Mapping 4.15, enhancing its indoor mapping platform. The update introduces features like a redesigned CMS for venue management, Okta SSO for secure logins, and standalone SDK services aimed at improving app performance. Additional enhancements include better GeoJSON management and multi-building renderings. CEO Nadir Ali emphasized the importance of great maps for exceptional experiences across various industries. This release aligns with Inpixon’s strategy to strengthen its position in the growing indoor intelligence market.
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