Inpixon Stock Price, News & Analysis

Inpixon (Nasdaq: INPX) has secured a purchase order exceeding one million dollars for its real-time location system (RTLS) products.

This order spans approximately 18 months and will be utilized for enhancing worker safety in industrial operations. The company aims to capitalize on the growing Industry 4.0 market, projected to reach USD165.5 billion by 2026, with a CAGR of 20.6%.

Inpixon (Nasdaq: INPX) announced a strategic transaction to spin off its enterprise apps business valued at $69 million with KINS Technology Group. Despite a 6% revenue decline in Q3 2022 to $4.2 million due to shipment delays, the company reported a 30% increase in nine-month revenue to $14.1 million. Overall, net losses decreased from $33.6 million last year to $17.6 million. Gross profit margins fell slightly to 70%, influenced by sales mix. A conference call is scheduled for today at 4:30 PM ET to discuss these results.

Inpixon (Nasdaq: INPX) will host a conference call on November 14, 2022, at 4:30 p.m. Eastern Time to discuss its financial results for Q3 2022, ending September 30, 2022. The results will be released after market close on the same day. During the call, updates on corporate progress and developments will be shared. Investors can join via telephone or webcast and submit questions in advance. A replay will be available post-call. Inpixon specializes in Indoor Intelligence, offering analytics and solutions to optimize operations across various industries.

Inpixon (Nasdaq: INPX) announced on November 2, 2022, that it regained compliance with Nasdaq's minimum bid price requirement, following a notice received on November 1, 2022. The company maintained a closing bid price of at least $1.00 for 18 consecutive business days, from October 7 to October 31, 2022. This achievement satisfies Nasdaq Listing Rule 5550(a)(2), and the compliance matter is now closed.

Inpixon (NASDAQ: INPX) announced a registered direct offering of approximately $15.0 million of common stock and warrants. The shares will be sold at $5.85 each, with pre-funded warrants priced at $5.849. The offering includes 2,564,102 shares and warrants to purchase up to 3,846,153 additional shares. Closing is expected on or about October 20, 2022. Maxim Group LLC is the placement agent for this offering, which is being conducted under a shelf registration statement effective since June 17, 2021.

Inpixon (Nasdaq: INPX) reported an influx of new purchase orders for its Industrial Internet of Things (IIoT) products since Q3 2022, with key contracts from major sectors including electronics distribution, government, and healthcare. Notable achievements include a purchase order for real-time location solutions to enhance safety in underground mining and additional contracts with prominent energy and health organizations. Inpixon's CEO highlighted increased demand, expecting momentum to continue, while the CTO emphasized the importance of automated visibility in improving operational compliance and safety.

Inpixon (Nasdaq: INPX) has announced a reverse stock split, consolidating 75 shares into one to comply with Nasdaq Listing Rules, effective October 7, 2022. The move aims to retain listing compliance and facilitate strategic transactions. Stockholders' ownership percentages will remain unchanged, and fractional shares will round up. The company is also working on initiatives to enhance shareholder value, including reducing corporate expenses and a planned spin-off of its subsidiary, CXApp Holding Corp., with an expected value of approximately $69 million in KINZ shares.

Inpixon has signed a merger agreement with KINS Technology Group for KINS to acquire Inpixon's enterprise apps business, valued at approximately $69 million. The deal, expected to close by year-end 2022, aims to enhance operational resources and management expertise in the growing workplace experience market. Inpixon stockholders will receive KINS shares, maintaining involvement in two public companies post-transaction. Key customers include numerous Fortune 500 companies, indicating a strong market position. The transaction is pending SEC and KINS stockholder approval.

Inpixon (Nasdaq: INPX) announces a significant 20% reduction in headcount as part of a broader strategy to reduce operating expenses. This decision is driven by the need to conserve cash resources amid global economic uncertainties. CEO Nadir Ali stated that despite previous successful investments in innovative technologies through M&A, the company must realign its focus to achieve profitability. The initiative includes minimizing special projects and streamlining operations, aiming to better meet customer and shareholder needs.