Inpixon Reports Financial Results for the Third Quarter Ended September 30, 2017 and Provides Corporate Update

Conference Call to Be Held Today at 4:30 pm Eastern Time

PALO ALTO, Calif. – Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today reported financial results for the third quarter ended September 30, 2017 and provided an update on corporate developments.

Third Quarter 2017 Financial Highlights:

  • 2017 Q3 revenue of $11.9 million
  • 2017 Q3 gross margin of 19%
  • 2017 Q3 GAAP net loss of $1.56 per share
  • 2017 Q3 Proforma Non-GAAP net loss1 of $0.46 per share
  • 2017 Q3 Non-GAAP Adjusted EBITDA1 loss of $3.1 million

“Inpixon advanced the Indoor Positioning Analytics (IPA) products and services with a growing number of notable global channel partners in the third quarter. We believe that these partnerships, along with a few others that we hope to announce in the near future, will provide for faster growth and further commercial validation,” said Nadir Ali, Inpixon’s CEO. “We also have pilot programs underway with large prospective clients in both our Security and Retail segments and are encouraged by the valuable outcomes we are demonstrating. We continue to streamline operations and growth by separating our IPA and VAR business segments to drive efficiencies and reduce costs. We have made reductions in field offices and headcount which we believe will represent approximately $6M in cost savings on an annualized basis. We are also focusing our capital on market-driven product development […]

Inpixon To Announce Third Quarter 2017 Financial Results and Provide Company Update on Monday, November 20, 2017

PALO ALTO, Calif. – Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that it will issue Third Quarter 2017 financial results for the period ended September 30, 2017, and provide an update on corporate developments at 4:05pm eastern time on Monday, November 20, 2017.

Management will host a conference call on Monday, November 20, 2017, at 4:30pm Eastern Time to review financial results and corporate highlights. Following management’s formal remarks, there will be a question and answer session.

To listen to the conference call, interested parties within the U.S. should call 1-844-824-3831. International callers should call +1-412-317-5141. All callers should ask for the Inpixon conference call. The conference call will also be available through a live webcast, which can be accessed at http://client.irwebkit.com/inpixon/events.

A replay of the call will be available approximately one hour after the end of the call through December 20, 2017. The replay can be accessed via Inpixon’s website or by dialing 1-877-344-7529 (U.S.) or +1-412-317-0088 (international). The replay conference playback code is 10114477.

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform this technology delivers visibility, security, and business intelligence on any commercial or government premises world-wide. Inpixon’s products, infrastructure solutions, and professional […]

Inpixon Forges Partnership with GTRI to Boost Physical Cybersecurity Offerings

GTRI to avail Inpixon IPA Security Dome to help secure enterprise and governmental premises

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ:INPX), a leading indoor positioning and data analytics company, today announced a partnership with GTRI, an innovator in IT consulting and services, to render comprehensive three-dimensional physical cybersecurity solutions, including Inpixon Indoor Positioning Analytics (IPA) Security Dome, for physical premises, airwaves and wireless devices.

“Our partnership with GTRI, one of the top Federal solution provider firms in the United States, strengthens our reach in the security market by delivering the benefits of advanced security and visibility to combat risks associated with Bring-Your-Own-Device (BYOD) and IoT”

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Inpixon IPA Security Dome detects all transmitting signals within a physical zone to address the vulnerabilities of unknown Internet of Things (IoT) devices infiltrating the area and reinforce physical cybersecurity for both organizations and individuals. GTRI will leverage the technology to enable government organizations and enterprises to identify, prioritize and isolate any potential exposures while upholding availability, security and compliance standards and regulations.

“Our partnership with GTRI, one of the top Federal solution provider firms in the United States, strengthens our reach in the security market by delivering the benefits of advanced security and visibility to combat risks associated […]

By | 2017-08-24T14:53:07+00:00 August 22nd, 2017|Categories: News|Tags: , , , , , |

Inpixon Reports Financial Results for the Second Quarter Ended June 30, 2017 and Provides Corporate Update

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that it will issue Second Quarter 2017 financial results for the period ended June 30, 2017, and provide an update on corporate developments at 4:05pm eastern time on Monday, August 21, 2017.

Inpixon announcing Q2 corporate developments at 4:05pm ET on Monday, August 21, 2017.

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Management will host a conference call on Monday, August 21, 2017, at 4:30pm Eastern Time to review financial results and corporate highlights. Following management’s formal remarks, there will be a question and answer session.

To listen to the conference call, interested parties within the U.S. should call 1-844-824-3831. International callers should call +1-412-317-5141. All callers should ask for the Sysorex Corp. conference call. The conference call will also be available through a live webcast, which can be accessed at http://client.irwebkit.com/inpixon/events.

A replay of the call will be available approximately one hour after the end of the call through September 21, 2017. The replay can be accessed via Sysorex’s website or by dialing 1-877-344-7529 (U.S.) or +1-412-317-0088 (international). The replay conference playback code is 10111622.

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics […]

Inpixon To Announce Second Quarter 2017 Financial Results and Provide Company Update on Monday, August 21, 2017

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that it will issue Second Quarter 2017 financial results for the period ended June 30, 2017, and provide an update on corporate developments at 4:05pm eastern time on Monday, August 21, 2017.

Inpixon announcing Q2 corporate developments at 4:05pm ET on Monday, August 21, 2017.

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Management will host a conference call on Monday, August 21, 2017, at 4:30pm Eastern Time to review financial results and corporate highlights. Following management’s formal remarks, there will be a question and answer session.

To listen to the conference call, interested parties within the U.S. should call 1-844-824-3831. International callers should call +1-412-317-5141. All callers should ask for the Sysorex Corp. conference call. The conference call will also be available through a live webcast, which can be accessed at http://client.irwebkit.com/inpixon/events.

A replay of the call will be available approximately one hour after the end of the call through September 21, 2017. The replay can be accessed via Sysorex’s website or by dialing 1-877-344-7529 (U.S.) or +1-412-317-0088 (international). The replay conference playback code is 10111622.

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform […]

By | 2017-08-16T18:17:27+00:00 August 16th, 2017|Categories: News|Tags: , , , , , , , |

Inpixon Secures Increased Financing Facility to Process Growing Orders

Inpixon completes financial agreement with Payplant to continue supporting its growing opportunities and accelerating revenue

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ:INPX), a leading indoor positioning analytics company, announced that it has entered into a receivables and purchase order funding agreement with Payplant, LLC and replaced the existing $1.4 million loan to Gemcap. The Payplant facility will allow increased flexibility in meeting working capital needs by processing a growing amount of commercial and government purchase orders.

Inpixon welcomes Payplant as a finance partner, who shares our long-term vision for the company.

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“We’re very pleased to welcome Payplant as a finance partner going forward, as Inpixon strengthens its Indoor Positioning Analytics solutions to deliver IoT and wireless device security, customer insight and business intelligence to all indoor premises,” said Nadir Ali, Inpixon CEO. “After separating and refocusing the operations of the Company into Value-Added Reseller and Inpixon Product units, raising $6 million to mostly repay debts, we are excited to establish partnership with Payplant who share our long-term vision of the Company and the market.”

“Inpixon is an emerging leader in a very lucrative market of Indoor Positioning with a respectable customer base and we are happy to support its growth mission,” said Neerav Berry, Payplant CEO & Co-Founder. “Inpixon fits our objective of providing creative financing […]

Inpixon Federal Awarded Contract from The Bureau of Census

Providing Software Enterprise License Agreement (ELA) and 24×7 Maintenance

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that subsidiary, Inpixon Federal, received two delivery orders from the Bureau of Census, based on Inpixon Federal’s GSA IT 70 Schedule, for a one year software Enterprise License Agreement (ELA) and 24×7 maintenance. The value of the orders is over $1.4M.

Inpixon’s subsidiary, Inpixon Federal, received two delivery orders from the Bureau of Census.

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“We are pleased to continue our support to the Bureau of Census,” said Zaman Khan, President of Inpixon Federal. “Furthermore, this is another example of us strengthening our federal business relationships.”

The orders provide an enterprise licensing agreement to support the entire Bureau of Census and including maintenance support under two support agreements. Under the terms of the contract, the Bureau of Census can extend the contract for six months at the end of the one year base period of performance.

Inpixon Federal also holds several other federal contract vehicles including GSA IT Schedule 70, NITAAC CIO-CS, NASA SEWP V, FBI ITAP, Army ADMC-2, and a subcontract on the Army’s EITS.

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired […]

By | 2017-08-07T13:40:00+00:00 August 7th, 2017|Categories: News|Tags: , , , , , |

Inpixon Joins ng Connect Program to Advance the Adoption and Development of Indoor Positioning Analytics

Inpixon to collaborate with multi-industry open innovation ecosystem founded by Nokia to provide indoor positioning and analytics platform for next generation networks, cloud and IoT technologies

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ:INPX), a leading indoor positioning and data analytics company, today announced its participation in the ng Connect Program, founded by Nokia, to create new high value solutions. By joining this program, Inpixon plans to supply the benefits of sensor technology, real-time positioning, and data analytics to customers across numerous industries. Inpixon will collaborate with other members to develop solutions suites for several markets, including financial services, healthcare, manufacturing, energy, retail and government agencies.

Inpixon to collaborate with multi-industry open innovation ecosystem founded by Nokia.

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Inpixon Indoor Positioning Analytics (IPA) offer unique capabilities including positioning, device recognition, device reputation, visitor analytics, and location intelligence to enable the ng Connect community’s implementation of cutting edge IoT and 5G solutions to market. The combined product set, along with member offerings, will bring new security dimensions to IoT devices and superior user experiences to customers across smart buildings, manufacturing operations, healthcare facilities, retailers, shopping malls, and government agencies.

“ng Connect Program represents substantial engagement opportunities for us across the IoT and 5G community members to deliver rich positional context and analytics platform for any location-based applications,” said Craig Harper, Inpixon CTO. “Nokia has a historical reputation […]

Inpixon Announces Technology Refresh Deal With Leading Beverage Distributor

Contract worth over $750K spanning Q2 and Q3 will upgrade customer’s existing infrastructure

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ: INPX), an indoor positioning and data analytics company, today announced a major infrastructure refresh deal with a worldwide beverage distributor. The contract, worth over $750,000, involves significant server upgrades designed to improve the beverage distributor’s data processing, management capabilities, and operations.

Inpixon’s virtualization and network specialists ensure these new servers deliver the right balance of performance, storage, reliability, manageability and efficiency to meet the customer’s evolving needs. Equipped with a highly resilient dual data center featuring HPE and VMware products, the latest servers tie both computer environments together. The infrastructure refresh deal, signed in late Q2, will be completed by the end of Q3.

“We are thrilled to finalize this technology refresh deal with one of the world’s preeminent beverage distributors and a long-time customer,” said Inpixon CEO, Nadir Ali. “Our engineers have designed a solution that will save money and resources, as well as increase operational efficiencies across our customer’s data center for years to come.”

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform this technology delivers visibility, security, and business intelligence on any commercial or government […]

Inpixon Expanding Offering of Canon USA’s RadPRO SecurPASS Security Screening System

PALO ALTO, Calif. – July 20, 2017 – Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that subsidiary, Inpixon Federal, is partnering with Virtual Imaging, Inc., a wholly owned subsidiary of Canon U.S.A., Inc., to improve the safety and security of federal, state and local government correctional facilities.

Together, Inpixon Federal and Virtual Imaging, Inc. have delivered over 100 RadPRO SecurPASS Security Screening Systems across the nation’s correctional facilities. The SecurPASS Whole-Body Scanners feature the most technologically advanced full body images available and can detect all metallic, non-metallic, organic or inorganic contraband found in any body cavity. The scanners ensure correctional officers can safely and easily find weapons and other contraband including cell phones and illegal and prescription drugs that inmates might be carrying.

Inpixon Federal continues to fulfill orders as they are being issued and anticipate over $5.5M in revenue by the end of the 2017.

“The SecurPASS system is critical to the safety of correctional facilities across the nation ,” said Zaman Khan, President of Inpixon Federal. “This solution works well with Inpixon’s Indoor Positioning Analytics (IPA) as a layered approach to controlling contraband. Inpixon received an order for its IPA product as a pilot to detect mobile devices including cellular phones and portable electronic devices that have already made their way into inmate facilities as illegal contrabands. Our IPA […]

By | 2017-07-20T10:00:08+00:00 July 20th, 2017|Categories: News|