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 scheduled a conference call for May 13, 2021, at 4:30 p.m. ET to discuss its financial results for Q1 2021, ending March 31, 2021. The financial results will be released after market close on the same day. The call will cover corporate progress and include updates on the recent Sysorex note exchange, as well as growth prospects following Inpixon's acquisitions of The CXApp and augmented reality technologies from Visualix.
Inpixon (Nasdaq: INPX) announced the acquisition of Visualix's suite of augmented reality (AR) and computer vision technologies on April 26, 2021. This includes patents and software enabling 3D modeling and centimeter-level localization.
The mobile AR market is projected to grow from $7.6 billion in 2020 to $29.5 billion by 2025, driven by major tech interest. Inpixon aims to enhance its Indoor Intelligence platform and capture new market opportunities with these innovative technologies.
Inpixon (Nasdaq: INPX) has been recognized by Gartner for its robust capabilities in indoor location services, covering six use cases like Zonal Asset Tracking and Real-Time Location Services. This acknowledgment aims to assist organizations in selecting suitable vendors. CEO Nadir Ali highlighted this recognition alongside the company's recent designation as a Visionary in the 2021 Gartner Magic Quadrant. The report emphasizes the growing need for versatile indoor location services and the importance of integrating various technologies.
Palo Alto, Calif. - April 14, 2021 - Inpixon (Nasdaq: INPX) announced the conversion of a $9 million note receivable from Sysorex (OTCQB: SYSX) into approximately $17 million of Sysorex shares, post-evaluation on April 13, 2021. This comes as Sysorex finalized a reverse triangular merger with TTM Digital Assets & Technologies, a major Ethereum miner. Inpixon CEO Nadir Ali stated that while the company won't enter the crypto mining sector, it aims to leverage emerging digital currency opportunities to benefit shareholders.
Inpixon (Nasdaq: INPX) has introduced the Inpixon Personnel Tag, a lightweight ultra-wideband (UWB) locator tag designed for its real-time location system (RTLS). The tag provides 30-centimeter accuracy for locating individuals, enhancing safety and security in various environments. The UWB RTLS market is projected to grow at a CAGR of 24.8% from 2020-2025. Key features of the tag include wireless charging, an IP65-rated housing, and over-the-air firmware updates, supporting large-scale deployments and improving operational efficiency.
Inpixon (Nasdaq: INPX) announced the acquisition of a controlling interest in Game Your Game Inc., a sports performance analytics firm specializing in golf. The deal aims to leverage IoT technology for enhancing golfer performance and facility management. Additionally, Inpixon appointed Richard Clemmer, former CEO of NXP Semiconductors, to its advisory board, enhancing leadership with his experience in the IoT sector. The transaction aligns with Inpixon's strategy to expand its market presence and capitalize on synergies between its technology and Game's offerings.
Inpixon (Nasdaq: INPX) reported a 48% revenue increase for fiscal year 2020, totaling $9.3 million. The company raised approximately $78 million through direct offerings, enhancing its cash position of $18 million as of December 31, 2020. Key milestones included partnerships for CO2 sensors and acquisitions such as Nanotron Technologies. Gross profit rose to $6.7 million with a 72% margin, while net loss decreased to $29.2 million. Inpixon emphasizes growth in indoor intelligence and innovative technologies.
Inpixon (Nasdaq: INPX) will host a conference call on March 25, 2021, at 4:30 p.m. ET to discuss its 2020 fiscal year financial results and corporate developments. Results for the year ending December 31, 2020 will be released after market close on the same day. Investors can join via telephone or webcast. Management invites questions via email prior to the call. A replay will be available on the Investor Relations section of the website through March 25, 2022.
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