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Inpixon (Nasdaq: INPX) reported a 21% revenue growth for the fiscal year 2022, totaling $19.4 million compared to $16.0 million in 2021. The gross profit increased to $13.9 million, with a margin of 72%. Although the net loss decreased to $63.4 million from $69.2 million, Non-GAAP Adjusted EBITDA loss improved to $26.6 million. The spin-off of its workplace experience products is expected to benefit shareholders. For 2023, Inpixon aims to accelerate growth in its real-time location system (RTLS) business, projected to reach $12.7 billion by 2026 with a CAGR of 26.5%. The company was recognized as a Leader in the Gartner Magic Quadrant for Indoor Location Services.
On March 27, 2023, Inpixon (Nasdaq: INPX) announced a conference call scheduled for March 30, 2023, at 4:30 p.m. ET to discuss its financial results for the fiscal year ending December 31, 2022. The results will be released after market close on the same day, and the call will also provide updates on corporate progress and developments. Interested parties can access the call via telephone or through a webcast. Replays will be available post-call. Inpixon is recognized for its Indoor Intelligence solutions, enhancing safety and operational efficiency across various industries.
Inpixon (Nasdaq: INPX) has completed a tax-free distribution of 100% of the capital stock of CXApp Holding Corp. to its shareholders as of March 6, 2023. This distribution led to the business combination with KINS Technology Group Inc., now known as CXApp, with Inpixon Securityholders receiving a total of 7,035,000 shares of CXApp common stock. Under the terms, each share of Inpixon resulted in approximately 0.0975 shares of Class A and 0.3458 shares of Class C common stock, which will convert under specific conditions. Regular trading of CXApp shares will commence on Nasdaq as CXAI starting March 15, 2023.