Inpixon Prices $9 Million Public Offering in an Effort to Satisfy Nasdaq’s Stockholders’ Equity Requirement

PALO ALTO, Calif., April 20, 2018 (GLOBE NEWSWIRE) — Inpixon (NASDAQ:INPX), (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company, today announced the pricing of a public offering with anticipated gross proceeds of approximately $9 million, including the securities to be issued in connection with the satisfaction of outstanding trade payables and before deducting placement agent fees and other offering expenses. The securities offered by the Company consist of Units, at a price to the public of $1,000 per Unit, consisting of one share of the Company’s Series 4 Convertible Preferred Stock, each convertible into approximately 2,174 shares of common stock at a conversion price of $0.46 and a warrant to purchase 2,174 shares of common stock. The warrants will have an exercise price of $0.67 (subject to adjustment to the exercise price and the number of warrant shares in the event of recapitalization events, stock dividends, stock splits, stock combinations, dilutive issuances, reclassifications, reorganizations, or similar events), will be exercisable upon issuance and will expire five years from the date of issuance. The offering is expected to close on or about April 24, 2018, subject to customary closing conditions. In addition, the Company may issue an additional $1.5 million in Units to debtholders to satisfy trade payables.

Inpixon’s common stock is listed on the NASDAQ Capital Market under the symbol “INPX”. […]

Inpixon Launches Public Offering in an Effort to Satisfy NASDAQ’S Stockholders’ Equity Requirement

PALO ALTO, Calif. Inpixon (NASDAQ: INPX), (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company, today announced the launch of a public offering. The securities offered by the Company consist of Units consisting of one share of our Series 4 Convertible Preferred Stock, each convertible into shares of common stock and a warrant to purchase such number of shares of our common stock issuable upon conversion of a share of Series 4 Convertible Preferred Stock at the conversion price.

Inpixon’s common stock is listed on the NASDAQ Capital Market under the symbol “INPX.” The Company is conducting the offering in order to regain compliance with Nasdaq Listing Rule 5550(b)(1), which requires that listed companies maintain a minimum of $2.5 million in stockholders’ equity.  The Company expects to use the net proceeds of the offering for working capital and general corporate purposes (including research and development and sales and marketing and the satisfaction of outstanding amounts payable to our vendors in connection with trade payables) and transaction expenses.

Roth Capital Partners is acting as the sole placement agent for the offering on a “best efforts” basis.

The securities are being offered pursuant to an effective shelf registration statement on Form S-3, as amended (File No. 333-204159), that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on May 28, […]

Inpixon Announces Plans to Spin-Off Inpixon USA as a Separate Public Company

PALO ALTO, Calif. Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that its board of directors has authorized proceeding with a spin-off of its wholly-owned subsidiary, Inpixon USA (including its subsidiary, Inpixon Federal, Inc.) (“Sysorex”), which is expected to be renamed “Sysorex, Inc.” in connection with the consummation of the transaction. Following the proposed transaction, Sysorex will become an independent publicly traded company.

The strategic goal of the spin-off is to create two public companies, each of which will be better positioned to capitalize on growth opportunities and have a greater focus on their own individual strengths and operational plans.

Upon the completion of the proposed transaction, Inpixon plans to continue to focus its operations related to the development of its Indoor Positioning Analytics technology. Inpixon expects that its management team will be comprised of the same management team as prior to the spin-off and continue to be led by Nadir Ali, Chief Executive Officer. Inpixon will remain headquartered in Palo Alto, Calif. and continue to trade on the Nasdaq Capital Market under the ticker symbol “INPX”. Following the spin-off, Sysorex plans to continue focusing on its business of providing third-party hardware, software, and related maintenance and warranty products and services that it resells to commercial and government customers with a management team that will be led by Zaman […]

Inpixon Announces IPA Node with Less-Than-a-Meter Positional Accuracy for Wi-Fi Devices

PALO ALTO, Calif.Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced plans to offer an Indoor Positioning Analytics (IPA) Node, allowing for less-than-a-meter accuracy and delivering unparalleled Wi-Fi positional accuracy for IPA. The IPA Node will expand Inpixon’s IPA product line with an entry-level product and price-point to attract a wider customer base and assist in rapidly increasing product adoption.

The new IPA Node will be a miniaturized, Wi-Fi version of Inpixon’s IPA Sensor that can plug into any electrical outlet or USB connection. The air freshener-sized sensor will be able to communicate with any existing Wi-Fi network and position any Wi-Fi-enabled device on that network. In beta environments, the IPA Node delivers unheard of accuracy at less than one meter. Typical Wi-Fi access point providers deliver positioning as a by-product but are unable to do so effectively.

Historically, the promise and utility of indoor positioning using Wi-Fi has been limited to wide-ranging proximity solutions rather than the required positional accuracy. In proximity solutions, device location can be identified but positional accuracy for extracting meaningful intelligence has not been available. Inpixon’s IPA Node will be able to fulfill this previously unkept promise of Wi-Fi positioning by enabling […]

The Future of Retail

In Mediaplanet’s The Future of Retail campaign, we talk about the new rules for the changing retail game, and which key areas brands need to focus on to protect their bottom line.

In the campaign, you can learn from celebrities, influencers and thought leaders across every sector of the retail industry. The campaign was distributed through USA TODAY on March 30th, 2018 and is published online.

For the full campaign, visit: futureofbusinessandtech.com.

By | 2018-04-05T12:03:54+00:00 March 30th, 2018|Categories: News, Retail|

Inpixon Works with U.S. Federal Government to Deploy Portable Sensor Kit and Empower Correctional Officers

Inpixon to Demonstrate Indoor Positioning Analytics (IPA) Platform and Portable Sensor Kit (PSK) at Mock Prison Riot 2018 in West Virginia on May 1 – 2, 2018

PALO ALTO, Calif.Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced deployment of the Inpixon Indoor Positioning Analytics (IPA) platform and Portable Sensor Kit (PSK) to detect and confiscate contraband mobile devices at U.S. federal and state correctional institutions.

The Inpixon Indoor Positioning Analytics (IPA) platform finds all accessible cellular, Wi-Fi, and Bluetooth signals and uses a lightning-fast data mining engine to allow for invaluable views of data to deliver visibility and intelligence. The ruggedized Inpixon Portable Sensor Kit (PSK) features a minimum of five (5) tripod mounted IPA Sensors for quick deployment, 24-hour battery power, and Wi-Fi data backhaul.

Teams of correctional officers at correctional institutions that utilize Inpixon IPA technology will be able to rapidly deploy the Inpixon PSK in a chosen area of interest, pinpointing rogue cellular, wireless, and Bluetooth devices. Deployment of the Inpixon PSK allows interdiction teams to quickly direct their resources and attention to areas where mobile devices are located which can assist in increasing the percentage of successful contraband confiscation.

“Due to the highly secure nature of the industry, we are unable to reveal the specifics of our customer and this implementation,” said Nadir Ali, […]

Inpixon Reports Fourth Quarter and 2017 Financial Results 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 fourth quarter and year ended December 31, 2017 and provided an update on corporate developments. All numbers are presented after giving effect to the reverse split implemented on February 6, 2018.

Fourth Quarter 2017 Financial Highlights

  • 2017 Q4 revenue of $4.6 million
  • 2017 Q4 gross margin of 41%
  • 2017 Q4 GAAP net loss of $15.29 per share
  • 2017 Q4 Pro-forma Non-GAAP net loss1 of $8.19 per share
  • 2017 Q4 Non-GAAP Adjusted EBITDA1 loss of $3.0 million

Full Year Financial Highlights

  • 2017 revenue of $45.1 million
  • 2017 gross margin of 24%
  • 2017 GAAP net loss of $137.79 per share
  • 2017 Pro-forma Non-GAAP net loss1 of $68.70 per share
  • 2017 Non-GAAP Adjusted EBITDA1 loss of $12.1 million

“We have overcome a number of challenges faced throughout 2017 and have raised funds to begin to implement our strategic growth plan for 2018, focusing on Inpixon as a leading provider of Indoor Positioning Analytics (IPA) products and services,” said Nadir Ali, CEO of Inpixon. “Our strategic plan for 2018 includes stimulating growth through channel partner expansion and improved marketing and sales efforts. We plan to deliver new competitive product enhancements, including the use of blockchain technology to propagate device reputation profiles, […]

By | 2018-03-22T16:14:49+00:00 March 22nd, 2018|Categories: In The News, News, Release Notifications|Tags: , , , |

Inpixon To Announce 2017 Fiscal Year End Financial Results and Provide Company Update on Thursday, March 22, 2018

PALO ALTO, Calif. — Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that it will issue 2017 Fiscal Year End financial results for the period ended December 31, 2017 and provide an update on corporate developments at 4:05 PM ET on Thursday, March 22, 2018.

Management will host a conference call on Thursday, March 22, 2018, at 4:30 PM ET 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 April 15, 2018. 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 10117888.

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 […]

Inpixon Appoints John Piccininni as VP of Business Development

Security Industry Veteran to Bring Physical Cyber Security to Enterprise Businesses

PALO ALTO, Calif.Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced the company has appointed John Piccininni as Vice President of Business Development. An industry veteran, Mr. Piccininni is a business development and channel sales management strategist who develops long-term relationships with channel partners and users to introduce new technologies. Inpixon is confident that Mr. Piccininni has the pedigree and leadership required to introduce Inpixon Indoor Positioning Analytics (IPA) physical cyber security and intelligence platform to businesses in various industries, including high-tech, pharma, manufacturing, energy, healthcare, and federal agencies.

During the past 25 years, Mr. Piccininni has built partner networks and managed large-scale, complex sales for sophisticated identity-based physical security solutions — such as Hirsch and Identiv — that span the globe. Mr. Piccininni holds an MBA from Loyola Marymount University and lives with his family in Newport Beach, Calif.

“After a quarter of a century building a thriving business with what is now a premier physical security systems provider, I am excited for the opportunity to bring Inpixon IPA to the market through similar channel networks,” said John Piccininni, Inpixon VP of Business Development. “Wireless and Internet of Things (IoT) technology is exploding in the workplace, and Inpixon’s ability to detect, identify, and secure the digital airwaves will be invaluable […]

Inpixon to Present at Roth Capital Partners 30th Annual Growth Stock Conference on March 13, 2018

PALO ALTO, Calif.Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced Nadir Ali, CEO, will be a featured presenter at the Roth Capital Partners 30th Annual Growth Stock Conference on Tuesday, March 13, 2018 at 2:00 PM Pacific Time in ORANGE – SALON 4 at the Ritz-Carlton Laguna Niguel, Calif.

Mr. Ali will provide an overview of the company’s business model and growth strategy and will be available for one-on-one meetings.

 

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 worldwide. Inpixon’s products, infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on Indoor Positioning and Data Analytics, follow Inpixon on LinkedIn, @InpixonHQ on Twitter, and visit inpixon.com.

 

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Act, and Section 21E of the Securities Exchange Act […]