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Inpixon (Nasdaq: INPX) announced the launch of its indoor mapping platform Inpixon Mapping 4.14, featuring a customer administration tool and SDK-based dynamic wayfinding. These enhancements allow partners to manage customer interactions and automate pathway changes for social distancing and security. The platform is tailored for current pandemic challenges, enhancing user experience and operational efficiency. Inpixon aims to lead in the Indoor Intelligence market, addressing evolving business needs with innovative solutions.
Inpixon has announced a registered direct offering to an institutional investor, selling 8 million shares of common stock at $1.25 per share, along with warrants for an additional 8 million shares. The offering aims to raise approximately $10 million, supporting future acquisitions and strategic growth initiatives. Closing is expected around November 30, 2020. The securities are offered under a shelf registration statement effective since June 5, 2018.
Inpixon (Nasdaq: INPX) has announced that its Inpixon Mapping technology has been selected by a leading pharmaceutical company to visualize and track COVID-19 vaccine-related assets. The contract encompasses multiple facilities and includes both one-time professional services and recurring revenue from the mapping platform license. CEO Nadir Ali highlighted the company's commitment to supporting critical supply chain needs during the pandemic. This development underscores the growing demand for Inpixon’s Indoor Intelligence solutions, aimed at enhancing asset tracking in complex environments.
Inpixon (Nasdaq: INPX) reported a 66% increase in revenue for Q3 2020, totaling $2.55 million, compared to $1.53 million in Q3 2019. This growth was driven by strong sales in the Aware and Mapping product lines and new licensing from Systat. Despite the revenue rise, the net loss increased to $7.5 million from $6.6 million year-over-year due to higher operating expenses. The company holds approximately $31.4 million in cash, positioning it for future growth. Inpixon has made significant acquisitions to enhance its Indoor Intelligence capabilities and expand its market presence globally.
Inpixon (Nasdaq: INPX) has unveiled that its ultra-wideband (UWB) and chirp spread spectrum (CSS) products are now purchasable through Digi-Key Corporation, a major electronic component distributor. Key products include RTLS anchors, tag modules, and evaluation platforms, enhancing Inpixon’s Indoor Intelligence solutions. This strategic partnership aims to leverage Digi-Key's extensive global reach, potentially shortening sales cycles and increasing fulfillment speed. Inpixon's acquisition of nanotron Technologies strengthens its market position in IoT and location intelligence.
Inpixon (Nasdaq: INPX) will host a conference call on November 12, 2020, at 4:30 p.m. ET, to discuss its third-quarter financial results ending September 30, 2020. Results will be released after market close on the same day. The call will be accessible via telephone or through the company's Investors section on its website. Shareholders can submit questions via email before the call starts. A replay of the call will be available until November 19, 2020, and online until February 12, 2021.
Inpixon (Nasdaq: INPX) has launched its latest smart tag module, the swarm bee LE V3, designed for various location applications including real-time location systems (RTLS). This product follows Inpixon's acquisition of nanotron, which enhances its position in the growing location-based services market, projected to expand from $17.8 billion in 2020 to $39.2 billion by 2025. The swarm bee LE V3 incorporates advanced features like an on-board MCU and FOTA updates, streamlining integration for partners.
Inpixon (Nasdaq: INPX) announced its plans to acquire Nanotron Technologies GmbH for $8.7 million. This strategic acquisition aims to enhance Inpixon's Indoor Intelligence™ solutions and is projected to add over $5 million in annual revenue. Nanotron, a leader in location awareness technology, brings a range of patented technologies to strengthen Inpixon’s product offerings, particularly in ultra-wideband (UWB) and real-time location systems (RTLS). The transaction is expected to close on October 6, 2020.
Inpixon (Nasdaq: INPX) has announced a conference call scheduled for October 5, 2020, at 4:30 p.m. ET, aimed at providing significant updates on the company's business operations. The call will feature executives including CEO Nadir Ali, CFO Wendy Loundermon, and COO Soumya Das. Interested parties can participate by calling or visiting the company's Investor Relations webpage for a live webcast. A replay will be available for one year. Inpixon specializes in Indoor Intelligence solutions that leverage indoor data to improve operational efficiency across various industries.
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