Inpixon to Demonstrate IPA Intelligence at STORE 2018 in Toronto, Canada

Visit Booth 236 to Learn How the Inpixon Indoor Positioning Analytics (IPA) Intelligence Solution Supports Retail and Marketing Industry in Creating Destination Experiences Catered to Customer Personas

PALO ALTO, Calif. Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced that the company will present live demonstrations of its Indoor Positioning Analytics (IPA) Intelligence solution in booth 236 at STORE 2018 on May 29 – 30, 2018 at Toronto Congress Centre in Toronto, Canada. Inpixon IPA Intelligence helps to secure, digitize, and optimize any retail location by using IPA Sensor technology to find all accessible cellular, Wi-Fi, and Bluetooth signals and a rapid data-mining engine to deliver visibility and industry-based intelligence.

Event: STORE 2018
Date: May 29 – 30, 2018
Location: Booth 236 // Toronto Congress Centre // Toronto, Canada
More Information: storeconference.ca

“We are thrilled to welcome Inpixon back to STORE 2018,” said Kyle Tomlin, Retail Council of Canada Vice President, Events and Education. “As Canada’s largest retail conference, we are proud to host top-notch exhibitors presenting the industry’s most innovative technologies.”

Traditional footfall counters and Wi-Fi-only systems are unable […]

By | 2018-05-23T09:18:47+00:00 May 24th, 2018|Categories: News|Tags: , , , , , , |

Inpixon Partners with Wireless Integration Expert Genwave Technologies to Provide Commercial, Industrial, and Federal Customers with Bigger, Richer Data Stores

Partnership Nurtures Emerging Indoor Technology Market by Fusing Indoor Spaces with Location-Based Detection and Radio-Frequency Engineering Tools

PALO ALTO, Calif. Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced the company’s reseller partnership with Canadian-based wireless integration specialist Genwave Technologies Inc., known for its mastery of in-building radio-frequency (RF) engineering and design-build. Inpixon and Genwave join forces to nurture the indoor technology industry’s prosperous growth intertwined with the Internet of Things (IoT), RF systems, and Wi-Fi.

As a strategic partner in the location-driven and physical arenas, Inpixon’s Indoor Positioning Analytics (IPA) reinforces the shared spectrum bridging the IoT to RF engineering. Business Insider predicts business spending on IoT solutions will hit $6 trillion by 2021. IPA’s precise detection of universal IoT devices — found through cellular, Bluetooth, and Wi-Fi signals — depicts a complete bird’s eye view of indoor zones, refreshing the standard for location-based technology, and supported by Genwave’s indoor-centric proficiency of RF design and implementation.

“It’s a natural partnership between Inpixon and Genwave,” said John Piccininni, Inpixon VP of Business Development. “By advancing the location-based and wireless technology markets, our alliance produces solutions which both actively […]

By | 2018-05-20T09:53:36+00:00 May 21st, 2018|Categories: News|Tags: , , , , , , , , |

Inpixon Expands International Presence With Wave of New Channel Partnerships

Reseller Network Sees International Growth in Africa, Central America, North America, United Kingdom, and Portugal

PALO ALTO, Calif. — Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced the continued expansion of its reseller partner network. With new partnerships forged over recent weeks in Africa, Central America, North America, United Kingdom, and Portugal, the company is helping to secure, digitize, and optimize locations with its Indoor Positioning Analytics (IPA) solution for businesses and governments in various locations around the world.

According to the white paper Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, the number of mobile-connected devices per capita will reach 1.5 by 2021. An increase in devices that can be used to photograph, record, or transfer information — like confidential intellectual property — creates the potential of increased risk for government agencies and the security industry. Agencies that adopt Inpixon IPA are able to mitigate these risks. By using Inpixon IPA’s zone-based alerts and policy controls, it is simple to enforce no-cellphone zones, trigger network and data security policies based on location, and provide full forensic reporting should a safety or security incident occur.

The same increase in devices creates […]

By | 2018-05-15T19:47:59+00:00 May 16th, 2018|Categories: News|Tags: , , , , |

Inpixon Reports First Quarter 2018 Financial Results and Provides Corporate Update

PALO ALTO, Calif. Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today reported financial results for the first quarter ended March 31, 2018 and provided an update on corporate developments.

First Quarter 2018 Financial Highlights

  • 2018 Q1 revenue of $2.1 million (adjusted for new ASC 606 Revenue Policy Adoption)
  • 2018 Q1 gross margin of 59%
  • 2018 Q1 GAAP net loss of $1.85 per share
  • 2018 Q1 Proforma non-GAAP net loss1 of $1.24 per share
  • 2018 Q1 Non-GAAP adjusted EBITDA1 loss of $3.4 million

“The first quarter of 2018 has been the start of rebuilding Inpixon and strengthening the company to execute on its expansive growth strategies, including improving our balance sheet, enhancing our technology, adding to our product offerings, extending our channel partner network, regaining Nasdaq compliance for stockholders’ equity, and preparing for the spinoff of our VAR business into a separate, publicly traded, wholly owned subsidiary,” said Nadir Ali, Inpixon CEO. “We have cutting-edge indoor positioning technology and we expect its use in practical, high-value cases to be unparalleled in the burgeoning Internet of Things (IoT) world. With these strengthening factors, we are determined as ever to build a winning business.”

First Quarter 2018 Financial Results

Revenues
Total revenues for first quarter ended March 31, 2018 were $2.1 million compared to $13.5 million for the comparable period in the prior year. This […]

Inpixon to Announce First Quarter 2018 Financial Results and Provide Company Update on Tuesday, May 15, 2018

PALO ALTO, Calif. Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced that it will issue first quarter 2018 financial results for the period ended March 31, 2018 at 4:05 PM ET on Tuesday, May 15, 2018.

Management will host a conference call on Tuesday May 15, 2018, at 4:30 PM ET to review financial results, cover corporate highlights, and provide an update on developments. 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 client.irwebkit.com/inpixon/events.

A replay of the call will be available approximately one hour after the end of the call through June 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 10120262.

 

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA 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 location worldwide. Inpixon’s products […]

Inpixon Regains Compliance with NASDAQ Minimum Stockholders’ Equity Requirement

PALO ALTO, Calif.Inpixon (Nasdaq: INPX), (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company, today announced that, on May 2, 2018, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(1). As previously reported, following a decision by the Nasdaq Hearings Panel (the “Panel”), on December 14, 2017, the Company was granted an extension by the Panel to evidence compliance with the minimum stockholders’ equity requirement by April 23, 2018. The Company filed a Current Report on Form 8-K with the Securities and Exchange Commission on April 24, 2018, announcing the closing of a public offering of equity securities pursuant to which it raised gross proceeds of approximately $10.1 million allowing it to achieve compliance with the minimum stockholders’ equity requirement.

Accordingly, the Panel has determined to continue the Company’s listing on The Nasdaq Stock Market and the previously announced delisting proceedings are now closed.

 

About Inpixon

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA 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 […]

Inpixon Announces Filing of Form 10 Registration Statement for Planned Spin-Off

PALO ALTO, Calif. Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that the Form 10 Registration Statement in connection with the planned spin-off of its wholly-owned subsidiary, Inpixon USA (including its subsidiary, Inpixon Federal, Inc.) (“Sysorex”), which is expected to be renamed “Sysorex, Inc.” following the consummation of the transaction, creating two distinct, publicly traded companies, has been filed with the U.S. Securities and Exchange Commission.

The registration statement provides information regarding the business, strategy, and historical financial results of Sysorex, as well as further details on the anticipated terms of separation and distribution, employment matters, and tax matters agreements between Inpixon and Sysorex in connection with the planned spin-off. Sysorex expects to update its registration statement in subsequent amendments as additional information on the transactions is finalized prior to the separation.

“A technology company and a value-added reseller (VAR) company are two fundamentally different types of businesses. By separating them into two independent entities, we can empower them to realize their true potential with a single focus,” said Nadir Ali, Inpixon Chief Executive Officer. “We believe this spin-off will provide that opportunity. With this separation, Inpixon will be able to invest its capital and resources towards enhancing and developing its Indoor Positioning Analytics technology in order to deliver faster innovations and grow its customer base. Sysorex, with its […]

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 […]