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 remarkable 221% increase in revenue to $3.5 million for Q2 2021, up from $1.1 million in the same period last year, primarily driven by growth in Indoor Intelligence sales. The company achieved a net income of $14.8 million, significantly improving from a loss of $7.3 million a year ago. With approximately $70 million available, including $24.9 million in cash, Inpixon is poised for further expansion. The company highlights strong momentum in securing new customer relationships and enhancing its product offerings, focusing on smart workplace solutions.
Inpixon (Nasdaq: INPX) announced a conference call scheduled for August 16, 2021, at 4:30 p.m. Eastern Time. The call aims to discuss the company's financial results for Q2 2021, ending June 30, 2021, which will be released after market close that day. The call will also provide updates on corporate progress and developments. Investors can access the call via telephone or webcast. A replay will be available on the Investor Relations section of Inpixon's website until August 16, 2022.
Inpixon (Nasdaq: INPX) announced significant orders for its RTLS product line, totaling tens of thousands of units from partners across Europe, Asia, Africa, and North America. A key order involved over $500,000 for swarm bee tag modules for a European safety solution, aimed at enhancing operational efficiency and safety compliance. Additional orders include thousands of swarm bee LE V3 modules and nanoLOC transceivers. This demand is driven by stricter safety regulations in mining operations in South Africa. CEO Nadir Ali expressed optimism about future high-margin orders from these partnerships.
Inpixon (Nasdaq: INPX) announced a major contract win for its smart office app with a leading global social media company, aimed at enhancing workplace functionality in a post-pandemic environment. The app allows employees to reserve workspaces and integrates features like desk bookings, employee directories, and visitor management. This selection reflects a growing demand for digital workplace solutions. CEO Nadir Ali emphasized the app's role in connecting distributed workforces and facilitating workplace re-entry, highlighting its competitive edge in the market.
PALO ALTO, Calif., June 28, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership is expected to enhance the company's visibility and liquidity among institutional and retail investors. The Russell indexes are vital for investment managers and institutional investors for benchmarking and form part of FTSE Russell's objective market-capitalization rankings. CEO Nadir Ali noted that this achievement reflects Inpixon's growth through acquisitions and strong demand for its Indoor Intelligence solutions.
Inpixon (Nasdaq: INPX) announced on June 22, 2021, a significant purchase order for its smart office app from a major media and entertainment conglomerate. This app, acquired from The CXApp, will be implemented across multiple corporate campuses, including the global headquarters. The app integrates various functionalities like desk booking, visitor management, and hybrid meeting support, using over 100 Bluetooth beacons for proximity detection. CEO Nadir Ali highlighted the app's potential to reduce app overload and enhance employee productivity and engagement.
Inpixon (Nasdaq: INPX) has launched the Inpixon Asset Tag, a compact active RF tag for long-range real-time location system (RTLS) asset tracking. The tag supports indoor and outdoor use, achieving 300 meters range with one-meter accuracy. Its features include an integrated 3D accelerometer and configurable data transmission rates. The launch complements Inpixon's RTLS solutions and aligns with the growing demand for enterprise asset management, projected to reach USD 5.5 billion by 2026, according to MarketsandMarkets.
Inpixon (Nasdaq: INPX) announced a significant contract with a leading European banking firm, covering more than 75 locations. This seven-figure deal stems from the recent acquisition of The CXApp and involves the implementation of Inpixon's smart office app. The app aims to enhance workplace experiences for over 50,000 employees through features like desk and conference room booking, indoor navigation, and employee notifications. The contract spans two years, indicating a strong demand for Inpixon's Indoor Intelligence offerings.
Inpixon (Nasdaq: INPX) reported a 64% revenue increase for Q1 2021, totaling $3.0 million, attributed to product sales enhancements. Key strategic moves included acquiring The CXApp, enhancing offerings in smart workplace and hybrid events, and integrating AR and 3D technologies from Visualix to improve user experiences. The company settled a note receivable from Sysorex for around $9.1 million, gaining shares valued over $100 million. However, the net loss ballooned to $12.6 million, due to rising operating costs and stock-based compensation.
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