Inpixon Prices $18M Public Offering

PALO ALTO, CA, FEBRUARY 15, 2018 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 $18 million, before deducting placement agent fees and other offering expenses. The securities offered by the Company consist of (i) Class A Units, at a price to the public of $2.35 per unit, consisting of one share of the Company’s common stock and a warrant to purchase one share of common stock, and (ii) Class B Units, at a price to the public of $1,000 per unit, consisting of one share of our Series 3 Convertible Preferred Stock, and each convertible into approximately 426 shares of common stock, and warrants exercisable for the number of shares of common stock into which the shares of Series 3 Convertible Preferred Stock are convertible. The warrants will have an exercise price of $3.50 (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 February 20, 2018, subject to customary closing conditions. Inpixon’s common stock is listed on the […]

Inpixon Launches Public Offering

 

 

PALO ALTO, CA, FEBRUARY 14, 2018 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 (i) Class A Units, each consisting of one share of common stock and a warrant to purchase one share of common stock, and (ii) Class B Units, each consisting of one of our Series 3 Convertible Preferred Stock, each convertible into shares of common stock, and warrants exercisable for the number of shares of common stock into which the shares of Series 2 Convertible Preferred Stock are convertible.

The offering is expected to close on or about February 20, 2018, subject to customary closing conditions. Inpixon’s common stock is listed on the NASDAQ Capital Market under the symbol “INPX.” The net proceeds of the offering will be used for working capital and general corporate purposes and to support a divesture of the Company’s infrastructure business segment (including research and development and sales and marketing).

Roth Capital Partners is acting as the sole placement agent for the offering on a “best efforts” basis. Maxim Group LLC is acting as a financial advisor in connection with the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the […]

Inpixon Effects Reverse Stock Split

PALO ALTO, Calif. – Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that the Company’s Board of Directors has approved a reverse stock split of the Company’s common stock whereby every thirty (30) shares of common stock will automatically be combined into one (1) share of common stock. The reverse split was approved by the Company’s shareholders on February 2, 2018 and will be effective as of the commencement of trading on February 6, 2018.

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 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 and @InpixonHQ on Twitter.

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 […]

Inpixon’s Enterprise Voice-User Interface Digital Assistant Helps Marketers Make Better, Faster Decisions

VUI Technology Continues to Build on Inpixon’s Indoor Positioning Analytics Platform, Joining 2018 Enhancements in Blockchain Technology and Artificial Intelligence

PALO ALTO, Calif., Feb. 01, 2018 (GLOBE NEWSWIRE) — Inpixon (NASDAQ:INPX), a leading indoor positioning and data analytics company, today announced that in addition to blockchain technology, it will use enterprise voice-user interface (VUI) technology to support its growing network of retail/marketing customers in making better decisions with deeper intelligence. Inpixon’s Indoor Positioning Analytics (IPA) VUI will perform as a digital assistant for marketers, allowing them to make quick, hands-free decisions based on vetted, predictive information while providing a complete audit trail.

Through simple voice/speech commands, VUI makes direct human interaction with computers possible. The use of platforms such as Siri, Alexa, and Google Assistant have made VUIs modern household names. There is no monitor, no keyboard, no mouse ― only an audio input/output device that functions just like a search engine, listening for keywords.

The technology itself is not revolutionary. However, uniquely built for the enterprise marketing space, Inpixon’s IPA VUI digital assistant device will modernize meetings and brainstorm sessions. For example, envision Inpixon’s IPA VUI listening or speaking through Alexa or Google Assistant in the middle of a conference table. During a conversation, Inpixon’s device can be asked questions: “What were last month’s sales in Toronto? How […]

Inpixon Will Leverage Blockchain to Build Device Reputation Repository, Strengthen IoT Security and Secure Retail Payment

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced that it will use blockchain to develop a global repository of device reputations to help enterprise security and retailers mitigate rogue-device risk proactively.

Inpixon will use blockchain to develop a global repository of device reputations

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Inpixon believes that the use of blockchain in connection with its Indoor Positioning Analytics (IPA) platform will lessen overall risk for retailers by creating a self-managing payment platform that will deliver value and reward its customers for loyalty, while also reducing threat by layering device reputation onto simple account management. Blockchain technology allows for the rapid identification and quarantining of mal-devices to prevent fraudulent transactions with the potential to protect millions of dollars.

For enterprise security, where the burgeoning use of the Internet of Things (IoT) is exposing businesses to unaccounted amounts of threat, the use of blockchain technologies in our IPA will assist to maintain and propagate device reputation, enforcing security policies and attaining compliance. One of our objectives in 2018 is to incrementally develop and append IPA’s on-premise components and maintain blockchain certificate stores for use across installations globally.

“The use of blockchain technology is one of several strategic product development plans we have for 2018 that we believe will modernize Indoor Positioning radically,” said Nadir Ali, CEO of Inpixon. […]

Inpixon Recognized in Gartner Report as a Representative Vendor

Listed in Market Guide for Indoor Location Application Platforms

PALO ALTO, Calif.–(BUSINESS WIRE)–Inpixon (NASDAQ:INPX), a leading indoor positioning and data analytics company, today announced its listing in the Gartner “Market Guide for Indoor Location Application Platforms” report as a Representative Vendor.

“Market Guide for Indoor Location Application Platforms”

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Gartner states, “since our last iteration of this Market Guide in May 2016, we’ve seen uninterrupted interest in indoor application platforms among Gartner clients. We’ve also seen the realization and adoption of indoor location technology by many different verticals, including retail, healthcare, construction, transportation, manufacturing, natural resources, utilities and the public sector. The most active geography still seems to be North America. However, we are seeing more projects in Europe, where the retail industry and logistics/transportation organizations are starting to see high value in engaging with customers and in asset tracking.”(1)

Inpixon’s Indoor Positioning Analytics (IPA) dashboard delivers positional analytics to capture data in an integrative platform. Through passive, anonymous detection of cellular, Bluetooth, and Wi-Fi signals, IPA presents clients with a visual tool compiling real-time device detection data. Enhanced business insights are presented through mapping, visualization, and analytics, a vision materialized by innovative IoT sensors. Inpixon aims to amplify business intelligence solutions, heighten security authorization, and offer in-depth insights rooted in data science.

“We believe our presence in the Market […]

Inpixon Announces Customer Win with Cadillac Fairview, Capturing Untapped Data to Reinvigorate Retail Space

Pilot program set to launch at Cadillac Fairview Champlain Mall, identifying the customer journey and behavior

PALO ALTO, Calif. – Inpixon (NASDAQ:INPX), a leading indoor positioning and data analytics company, today announced Cadillac Fairview (CF) has chosen to implement Inpixon’s Indoor Positioning Analytics (IPA) technology in their CF Champlain Mall location. With a heightened need for retail digitization, compiling and analyzing accurate data of the customer journey is paramount to better understand and serve incredible customer experiences.

“We’re extremely proud to partner with one of the largest real estate operators in North America and Canada,” said Nadir Ali, CEO of Inpixon. “This is a testament that the brick-and-mortar retail industry is embracing innovative technologies that enhance the retail environment. Cadillac Fairview is leading the charge and we’re proud to support their vision.”

Despite the retail challenges in 2017, businesses are fighting back through technological advancement in sensor-based indoor positioning, dynamic digital displays, machine learning, data analytics and social media integration, to name a few. This replaces the yesteryears dependency on traditional systems to collect visitor information, which was myopic, and only a fragment of the data detailing customer counts, dwell times, and repeat visits could be extrapolated.

By passively gathering data through cellular, Bluetooth, and wireless device detection, Inpixon IPA will aid Cadillac Fairview in discovering numerous data points, including mastering the customer journey to craft better […]

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: , , , , , |