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.
On September 27, 2021, Inpixon (Nasdaq: INPX) announced the release of Inpixon Aware 5.18.2, incorporating nanoLES RTLS and multi-tech radio frequency sensors with enhanced encryption. The platform allows users to track high-value assets and monitor unauthorized wireless activity through a single dashboard. The launch emphasizes advancing physical and cybersecurity. Inpixon Aware has received accolades, including the 2021 IoT Evolution Security Excellence Award, highlighting its industry recognition.
PALO ALTO, Calif., Sept. 21, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX) announced it received a Notice of Allowance for its patent application covering a multi-channel spatial positioning system. This patent is significant for sensor fusion, enhancing location accuracy by integrating various positioning methods like radio frequency and inertial measurements. Inpixon believes this technical innovation positions the company to deliver superior location solutions across multiple industries, addressing needs such as logistics optimization and asset tracking.
Inpixon (Nasdaq: INPX) has entered a securities purchase agreement to raise approximately $54.1 million by issuing 58,750 shares of Series 7 convertible preferred stock and warrants for 47 million shares of common stock. Each preferred share is priced at $920, with a conversion price of $1.25 per share. The offering, expected to close on September 15, 2021, allows holders to vote and redeem shares for cash after six months. The warrants, expiring in five years, will also enable investment flexibility.
Inpixon (Nasdaq: INPX) hosted its Demo Day 2021 on September 8, showcasing its Indoor Intelligence solutions. The virtual event featured product demonstrations, insights into business outlook, and discussions led by CEO Nadir Ali and other executives. Attendees were encouraged to engage by submitting questions. Inpixon focuses on providing actionable insights through mapping, positioning, and analytics, aiming to enhance safety and productivity across various industries. For more information and follow-up, visit their Investor Relations website.
Inpixon (Nasdaq: INPX) announced details for its Demo Day event scheduled for September 8, 2021, from 4:30 p.m. to 5:30 p.m. Eastern Time. The virtual event will highlight Inpixon's latest innovations in Indoor Intelligence, including smart office applications, mapping, and augmented reality. Key executives, including CEO Nadir Ali, will present and engage with attendees. Registration for the Demo Day is available via a provided link.
Inpixon (Nasdaq: INPX) announced that its CXApp event platform powered Aruba's Atmosphere Digital 2020 Conference, which won the Judges' Choice Award at EXHIBITOR Magazine's 2021 Corporate Event Awards. The event saw participation from over 22,000 attendees, marking a 389% increase from 2019. Inpixon's CEO, Nadir Ali, emphasized the platform's unique capability to host in-person, virtual, and hybrid events, catering to a global audience. The CXApp platform features advanced engagement tools that enhance attendee experiences, which are crucial as businesses adapt to post-COVID event formats.
Inpixon (Nasdaq: INPX) will host a Live Demo Day on September 8, 2021, aimed at investors and interested parties. This virtual event will showcase Inpixon's Indoor Intelligence solutions, including its smart office app, events platform, and mapping technologies. Attendees will also preview upcoming innovations in augmented reality and employee experiences. Presenters include CEO Nadir Ali and CTO Adam Benson. Registration details will follow shortly, and inquiries can be sent to inpx@crescendo-ir.com.
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