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Inpixon Joins SAP® Partner Program, Offering Location Intelligence for Advanced RTLS-Enabled Industrial Automation
https://www.inpixon.com/company/news/inpixon-joins-sap-partner-program-offering-location-intelligence-for-advanced-rtls-enabled-industrial-automation
Membership in SAP’s PartnerEdge Program Increases Customer Reach to Accelerate Deployment of Inpixon’s Solutions
PALO ALTO, Calif., June 13, 2022 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), the Indoor Intelligence® company, today announced that INTRANAV, an Inpixon company, joined SAP’s partner program as an SAP® PartnerEdge® – Build member. SAP is a market leader in enterprise application software.
The SAP partner program allows INTRANAV to share its extensive intellectual property portfolio and to market its smart factory, smart warehouse, and digital supply chain solutions to SAP’s 440,000 customers worldwide. Program membership, among other benefits, allows Inpixon to offer its solutions through the SAP Store.
Andreas Radix, EVP, IIoT at Inpixon, commented, “Companies can benefit from location-based automation of system bookings, control and acceleration of warehouse processes from inbound to outbound, synchronization of production cycles, and control of transport conditions and shipments for resilient supply chain management, as well as target-performance comparison of lead times. Together with our enterprise hybrid-cloud integrations for Microsoft Azure and Amazon Web Services, we deliver real-time location system (RTLS) cloud solutions to our customers to fulfill their requirements for a strategic RTLS framework that optimizes industrial enterprise business processes for Industry 4.0.”
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
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 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19, global conflicts, inflation and other global events on Inpixon's results of operations and global supply chain constraints, Inpixon’s ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon’s technology, Inpixon's ability to maintain compliance with Nasdaq’s minimum bid price requirement and other continued listing requirements, the ability to obtain financing if needed, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Found this but does it explain the volume, yesterday?
https://www.inpixon.com/blog/must-have-features-capabilities-in-hybrid-events-platforms
Must-Have Features & Capabilities in a Hybrid Events Platform
June 9, 2022 by Alex Le
Read in 16 Minutes
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With the rise of hybrid events and growing number of attendees joining them worldwide, there is an increasing complexity in the event planning process. Hybrid event platforms expand what’s possible for an event, allowing attendees to join wherever they’re from, provide many opportunities for engagement and ultimately save time for everyone involved in planning. But what should you consider when evaluating an event platform that best matches your organization’s needs?
Ease of Customization for Branding & Content
Every event is different, so your event platform should be able to support personalization efforts. This isn’t limited to just being able to customize the branding of the event with specific imagery and color schemes - a customizable front-end allows organizations to create engaging experiences of different capacities, whether you want to add a roundtable, breakout rooms, have a full conference and more. With this, features like randomly assigning guests to breakout rooms but having the ability to add specific online facilitators to each room make a huge difference in terms of functionality.
A big part of event preparation is being able to test features and do a dry-run, so consider if you need an event platform that has a rehearsal function, or even a green room feature to prep speakers while other sessions are taking place.
Data Reporting Capabilities
Being able to track data points from your event helps you keep a pulse on Key Performance Indicators (KPIs), that allow you to effectively measure the success of your event, and demonstrate event ROI to executive leadership. So being able to collect information on which attendees registered, who showed up on event day, how many people interacted during the event, and which attendees joined online or in-person helps identify weak points and where to improve next time.
Features such as audience segmentation, filtering, or being able to import your own data and metrics can help save time when looking at event analytics afterwards. It can often be tedious finding yourself comparing multiple reports or making sense out of a large amount of data- so an event platform that’s focused on the user experience is key.
Integrations & Compatibility with Third-Party Software
Inpixon Integration Partners Categories
Event platforms that can integrate with many communication and technical tools allow you to make the most out of your investment and mitigate risk since you don’t have to worry about future compatibility when investing in other tools. Consider if the platform also provides a great mobile option, since a majority of attendees will likely use their mobile phones during the event. Here are some key integration categories that make all the difference:
Conferencing & Collaboration: Skype, Zoom, Microsoft Teams, Webex, Cisco, Slack, etc
Marketing & Software: G Suite, Microsoft Dynamics, Salesforce, AWS, Adobe Analytics and social media platforms like Facebook, LinkedIn, Twitter, etc
Event Registration and Login: Cvent, Active Directory, Microsoft Azure, onelogin, Planstone, etc
Security & Services: HID, proxy, Vanderbilt, Envoy, VisitOps, openpath, etc
Facilities: OneWorkplace, Condeco, ServiceNow, Serraview, CrowdComfort, etc
Mapping, Wayfinding & Sensors: Mapwize, Meridian, Aruba, Gantner, Pointr, etc
Networking and Peer-to-Peer Engagement
man in a group call talking hybrid event platform
One of the best parts of events is the ability to network, meet industry professionals and build meaningful relationships. The more opportunities attendees have to interact with others, the more likely they are to be satisfied after the event - so event platforms that enable these interactions can contribute to a higher ROI. Consider if the event platform you’re looking into has built-in tools that allow participants to interact on an event-wide feed, during sessions, breakout rooms, with speakers and sponsors, and more.
With that, ensure that the platform allows for equal participation between virtual and in-person attendees so that everyone feels that their voice is heard no matter where they’re tuning in from. Also think about opportunities for engagement outside of live chats, like professional ‘speed dating’, live polls and surveys, and trivia games like Kahoot. Post-event engagement matters too - so evaluate if the platform allows you to send out satisfaction surveys and share valuable content, accessible right on the platform.
Navigation for Speakers & In-Person Attendees
A venue equipped with indoor navigation technology can make a huge difference for the attendee experience - especially with events that take place in large venues with a multitude of sessions going on. There’s tremendous value in attendees being able to pull out their event app and get turn-by-turn directions to an exact conference room or booth, find their way back to their hotel, or even find the closest Starbucks.
This also improves the accessibility of your event, by allowing users to locate the nearest elevators and find accessible restrooms or parking spots. With an interactive indoor map of the venue, attendees can also get familiar with the space beforehand, making the event day as smooth as possible.
Ease of Use for Employees and Attendees
In the end, you can have an event platform with a multitude of features but if it’s not easy to use, you can’t make the most out of your investment. To avoid any confusion, make sure to schedule a demo beforehand so you can see first-hand how the platform looks in the back-end for anyone involved in event planning or administration, and how easy it is for the attendees to navigate the platform. Here are several key aspects to consider:
How long does it take to understand the platform and train others to use it?
Can you create event pages and operate the platform without a lot of technical knowledge?
Is the registration process clear?
Is it easy to sign in on both desktop and mobile?
Are there non-English language modes or assistance available for non-English speakers?
Are functions like creating a session or breakout room straightforward?
Is managing speakers and adding them to sessions on this platform a simple process?
Ultimately, the easier the platform is to use, the less that can go wrong on event day and the smaller your tech support bill will be, in the end.
An Event Platform for All Your Event Needs
Inpixon’s event management platform has elevated countless enterprise events, creating a dynamic experience for attendees every time. Get a first-hand look at Inpixon Events with our videos of Aruba Atmosphere 2022 and ABPM’s 2022 Spring Conference, or schedule a live demo with us today!
All IMO.
What's the news?
Stock market is very busy with average daily volume surpassed after less than 2 hours!
I bought so many shares of this yesterday it makes me sick hahahahaha.
just here for the party :) massive golden cross? sure looks like it on the 1 day and 5 day charts
$INPX
Did Inpx have a big reverse split at one time.. doing dd on this..
Interesting!
Current report filing.
'On April 26, 2022, the Company received a letter from Nasdaq notifying the Company that the Company has been granted an additional 180 calendar day period, or until October 24, 2022, to regain compliance with the Minimum Bid Price Requirement.'
Inpixon is allowed to string it out forever. IMO.
Employee Experience (EX): What it is & How to Get it Right
https://www.inpixon.com/blog/what-is-employee-experience-how-to-get-it-right?
Many are familiar with the concept of customer experience (CX) and how it encompasses a customer’s entire journey with a company, from the pre-purchase stage to the post-purchase stage. Similarly, employee experience (EX) is a critical aspect of business performance.
EX involves the experience an employee has from the moment they engage with your job posting to their farewell lunch on their last day. And with the increasing digitization of the workplace, companies are investing in technologies like workplace experience platforms to enable a forward-thinking environment that gives employees the tools they need to succeed, especially amidst a distributed workforce model.
Why? Because platforms like Inpixon Experience bring all digital and physical touchpoints into one command center alleviating pain points employees experience when navigating their workday. This has a direct impact on EX by centralizing communication, encouraging engagement, and increasing productivity.
Employee Experience (EX): What it is & How to Get it Right
The New World of Work
As organizations embrace hybrid work as their new normal, workplace experience platforms help create equitable experiences among employees. EX doesn’t just live in theory – it's a practice too. So, help employees navigate this new world of work by giving them access to tools and processes that will help them understand how, where, and when they can show up at work.
This includes on-demand access to information, resources and perks that aren’t just centered around only on-site or only at-home work settings but a combination of both. Mobile apps have become incredibly useful in this sense; their 2-way communication capabilities and on-the-go accessibility helps employees seamlessly transition from one work environment to another.
That’s why employee apps are useful in allowing employees to easily access Zoom meeting links for virtual collaboration, communicate with colleagues on Slack, access real-time company news, navigate changing office layouts, find nearby amenities, and more.
How to Improve EX at Every Stage
To master your EX strategy, it can be useful to break down the journey employees go through at every stage and measure the effectiveness of their progress.
What is EX and How to Get it Right
Efficient Recruiting
Great EX starts from the moment someone interacts with your job posting, and improving this process is key to attracting the best talent. To impress candidates, consider the overall quality of their experience, whether they’re hired or not:
Is the job description clear?
Is it easy to send an application, or come back to it to complete?
Are candidates being communicated to at every step?
Is there an understanding of company values and mission?
Smooth Onboarding
When joining a new company, there’s a lot of new information that an employee is taking in, so it’s important to have an effective onboarding process as an introduction to the company and their role. An employee app helps deliver a smooth experience for recruits, whether they’re starting their new role in-person or virtually, by giving them direct access to the employee directory, office information, FAQs and much more.
Here are additional ideas to make new employees feel welcome:
Add them to company Slack channels to engage with others on a range of topics from employee recognition to pets
Introduce them on a company-wide feed so they can receive a big welcome
Make sure managers are available to answer questions when needed
Send hybrid employees a welcome package, including ergonomic workspace tools to make their home office comfortable
Make visiting the office easy with a connected device strategy using mobile app touchpoints such as desk booking, indoor navigation, touchless meeting room reservations and more.
Inpixon workplace experience app screens show campus info, occupancy reporting on a live map, and integrated slack app for employee communication.
Incorporate Training & Development
Make sure to prioritize employee development, beyond the tasks related to their role, by incorporating company initiatives such as mental health workshops and career development sessions. Again, to ensure a smooth process and engagement, having these programs readily available in a workplace experience app keeps them top of mind and boosts adoption. Also be sure to instill a culture that values individual and team development by having employees set monthly, quarterly, or annual goals, recognizing performance and rewarding them for their achievements.
Keep Retention High
Create community within your organization by continuously focusing on and refining employee experience initiatives. It’s human nature to want to belong and employees carry that desire to belong within their organization. They want to not only provide value but be valued. A great way to achieve this is by sending out regular surveys for feedback. Through an employee app, employees can respond to polls and see results instantly, or take their time to answer surveys. With this approach, employees can outline their level of satisfaction, stress, and what ideas they may have to improve their experience.
Inpixon workplace experience app survey asks an employee what they like most about working at Inpixon.
Include the Leadership Team
When the C-suite values employee experience and can connect it to achieving business goals, EX initiatives are more likely to be successful. The leadership team has a big impact on employee morale - so there’s always an opportunity for them to communicate and lead by example by sharing company goals and providing cross-functional opportunities for learning, engagement, and innovation. Do this by having executives present company initiatives in monthly All-Hands calls, connecting with employees during townhall meetings, and leveraging employee app features that promote awareness and inclusivity.
The Benefits of Prioritizing EX
Higher Engagement: When employees feel prioritized, they’re more likely to engage with colleagues and share feedback that’ll improve the experience for everyone.
Better Quality of Work: With higher engagement comes increased productivity. Employees are more likely to think creatively and innovatively and work to improve current processes.
Reduced Turnover: Happy employees turn into long-term employees! When your workforce feels like their needs are being met, there’s less of a chance they’ll be searching for other opportunities. Ensure you’re always collecting feedback to see what you can do to consistently improve their experience.
Improve Customer Service: A great CX (customer experience) is directly correlated to great EX, since employees turn into ambassadors for your organization.
Make EX a Priority
An amazing employee experience comes with building a culture that celebrates your employee at every stage. Leveraging a workplace experience platform throughout the entire journey allows for greater connectivity in the workplace and makes it a smooth experience wherever your employees are working from. From the very first welcome email to digital touchpoints and automated interactions, make sure your employees feel valued. Interested in streamlining communication and enhancing the workplace experience for your employees? Contact us today.
Thinking we'll see if pigs can fly soon imo.
May add more on the way up. IF it starts moving!!
Go $INPX!
This is what happens when a stock, especially a biotech, takes the leap for convertibles.
Not quite pushing the oversold yet but I'll take a dime or 2.
INPX
bid 0.2619 ask 0.262 current 0.262 -1.13% -0.003 volume 2.37M high 0.2696 low 0.251
If this ever has a chance to make it back over the $ I'd say it's pretty soon imo.
Adding this to watch list for next week !
Watch this puppy. Resistance mid .50's thru the to the $.
INPX daily
Anything's possible.
Business is growing.
PALO ALTO, Calif, Jan. 18, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, announced today it has contracted with a premier automotive vehicle manufacturer to provide Inpixon's smart office app for use at several of their workplace locations including the U.S. corporate headquarters campus and multiple international locations. The agreement includes up-front professional services fees and recurring revenue license fees totaling more than half a million dollars over the initial three-year term.
News.
A lot of shares being bought together with an interesting statement issued by management including -
"Inpixon is helping organizations all over the world create these exceptional experiences by leveraging Indoor Intelligence technologies to reimagine their workplaces, making them smarter to achieve higher levels of productivity and performance, increase safety and security and improve worker and employee satisfaction rates with better experiences. The core of our corporate strategy over the last few years has focused on developing and acquiring key technologies to serve as a primary enabler of digital twins which can be used in the metaverse while also helping organizations bridge the gap between their digital and physical environments. As a result, we are offering what we believe is the most comprehensive suite of Indoor Intelligence solutions available in the market from a single provider.
"Inpixon's mapping, positioning, real-time location services, and campus app solutions are being relied upon by some of the largest organizations in the world, and I am even more encouraged than ever about the possibilities that lie ahead for Inpixon. Our strategy has positioned us well to maximize the opportunity presented by the major market trends that exist in immersive technologies at just the right time.
----------------------------------------------------------
Could things be starting to happen for Inpixon?
Inpixon Announces Exploration of Strategic Alternatives to Maximize Shareholder Value
Inpixon, in making this announcement, notes that there can be no assurance that the review process will result in any strategic alternative, or as to its outcome or timing. Inpixon has neither set a timetable for completion of the review process, nor has it made any decisions related to strategic alternatives at this time, however, it has recently received an inbound, preliminary indication of interest from another company, which has valued Inpixon well above today's market capitalization. Inpixon expects to retain an investment bank as its financial advisor, as necessary, in evaluating and exploring any available strategic options.
I like the vesting period and the no compete time frame. This is decent. See if they make us some mula!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 8, 2021
INPIXON
(Exact name of registrant as specified in its charter)
Nevada 001-36404 88-0434915
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
2479 E. Bayshore Road, Suite 195
Palo Alto, CA 94303
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (408) 702-2167
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock INPX The Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 1.01 Entry into a Material Definitive Agreement.
On December 8, 2021, Inpixon (the “Company”), through its wholly-owned subsidiary, Nanotron Technologies GmbH, a limited liability company incorporated under the laws of Germany (the “Purchaser”), entered into that certain Share Sale and Purchase Agreement (the “Purchase Agreement”) with the shareholders (the “Sellers”) of IntraNav GmbH, a limited liability company incorporated under the laws of Germany (“IntraNav”), to acquire 100% of the outstanding capital stock (the “IntraNav Shares”) of IntraNav (the “Acquisition”). IntraNav is a leading industrial IoT (“IIoT”), real-time location system (“RTLS”), and sensor data services provider. All defined terms used herein and not otherwise defined have the meanings set forth in the Purchase Agreement.
On December 9, 2021 (the “Closing Date”), the Purchaser acquired the IntraNav Shares from the for an aggregate purchase price of EUR 1,000,000, subject to certain adjustments.
The Purchase Agreement includes customary representations and warranties, as well as certain covenants, including, inter alia, that the Managing Directors, so long as they are employees of the Purchaser, shall not, for a period of two (2) years following the Closing Date, directly or indirectly, compete with the Company in activities related to IIoT platforms and other RTLS solutions and technologies.
In addition, pursuant to the terms of the Purchase Agreement, the Company allocated 7,100,629 stock options (the “Stock Options”) from its 2018 Employee Stock Incentive Plan for issuance to IntraNav employees, which shall be subject to vesting terms of up to four (4) years from the Closing Date.
The Purchase Agreement provides for potential indemnification claims by the Purchaser against the Sellers, as applicable, subject to certain limitations and conditions. If such claims are made against the Founders, then such liability can, in the sole discretion of each Founder, be covered in cash or by forfeiting parts of their Stock Options, which will be valued in an amount equal to the Adjusted Strike Price determined as of the payment date of the claim amount.
The foregoing description of the Purchase Agreement does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Purchase Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The Company has determined that the Acquisition does not constitute an acquisition of a significant amount of assets (as defined in Instruction 4 of Item 2.01) and, as such, financial statements contemplated by Item 9.01 of Form 8-K are not required to be reported by Form 8-K with respect to such acquisition.
(b) Pro forma financial information.
The Company has determined that the Acquisition does not constitute an acquisition of a significant amount of assets (as defined in Instruction 4 of Item 2.01) and, as such, pro forma financial information contemplated by Item 9.01 of Form 8-K is not required to be reported by Form 8-K with respect to such acquisition.
(d) Exhibits
Exhibit No. Description
2.1* Share Sale and Purchase Agreement, dated as of December 8, 2021, between Nanotron Technologies GmbH and the Shareholders of IntraNav GmbH.
104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Certain schedules, exhibits and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Inpixon hereby undertakes to furnish copies of such omitted materials supplementally upon request by the U.S. Securities and Exchange Commission.
Inpixon To Acquire IntraNav; Will Expand RTLS Capabilities with Industrial IoT Platform for Industry 4.0 Smart Factories, Smart Warehouses and Digital Supply Chains
Acquisition to Bring Established Relationships with Blue-Chip Companies and Market Leaders
Acquisition to Position Inpixon as a One-Stop-Shop for Comprehensive Location Intelligence Solutions for Both Corporate and Industrial Sides of an Organization
PALO ALTO, Calif., Dec. 9, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, today announced that it has signed a definitive agreement to acquire IntraNav GmbH (“INTRANAV”), a leading industrial IoT (IIoT), real-time location system (RTLS), and sensor data services provider. INTRANAV's customers are generally large enterprises with billions in annual revenue and include Siemens Energy, TB International, Festo, and PERI, as well as international industry leaders in the fields of agricultural and construction machinery, aerospace, intralogistics and manufacturing.
INTRANAV is a Germany-based industrial automation company specializing in advanced location-aware technologies to help organizations realize the benefits of Industry 4.0 including smart factories, smart warehouses, virtual manufacturing, paperless factories, virtual yard management, and digital supply chains. INTRANAV's flagship offering is its enterprise-class, multi-technology, RTLS IoT platform, INTRANAV.IO, which can consume, process, and present data from nearly any other device or system. INTRANAV's INTRALYTICS data-analytics software and INTRANAV.APP mobile and desktop apps complement the IoT platform. INTRANAV also offers a line of proprietary smart sensors including the tags for driverless transport systems, automated guided vehicles, smart pallets and more that can utilize UWB, RFID, GPS, Wi-Fi, and LTE cellular. Additional offerings with partners add NFC, BLE, and Wirepas Massive capabilities to the offering.
Inpixon-Intranav-IIoT-for-Industry-4
Siemens Energy's Key Expert of Manufacturing Processes and Senior Project Management Robert Diener, said, "We are using INTRANAV solutions for managing powder tracking in an additive manufacturing facility in Finspang, Sweden. The INTRANAV RTLS solution has helped us to greatly improve the transparency of our powder handling process on the shop floor.”
Stephan Schraml, head of technology center and lead plant scaffolding Günzburg, with PERI Werk Günzburg GmbH, one of the world’s largest manufacturers of formwork and scaffolding systems with 2020 revenues exceeding €11.5 billion, commented, “We are using INTRANAV solutions for indoor tracking of our transport racks for semi-finished goods and have found their solutions can help us to address supply chain issues in the production. We are now able to make predictions regarding the arrival time and quantity at the next workstation just in time. INTRANAV joining Inpixon sounds compelling, and I look forward to exploring the Inpixon location intelligence and app solutions for potential use for the corporate side of our business."
"This acquisition will put us at the heart of the fourth industrial revolution, commonly called Industry 4.0," noted Nadir Ali, CEO of Inpixon. "The manufacturing of goods and the processing of raw materials is in the midst of another wave of modernization, with Industry 4.0's digitalization of the horizontal and vertical value chains through automation and data exchange leveraging IoT and cloud computing. INTRANAV will bring new, comprehensive products and technologies, and a broad IP portfolio to strengthen our established RTLS product line. Importantly, with INTRANAV’s IoT platform, we will be connected to the end user for industrial solutions, much like our CXApp connects users through our corporate workplace solution, enabling us to deliver the exceptional experiences that power smart factories, smart warehouses, and smart corporate campuses. With INTRANAV, we believe Inpixon will be able to create significant opportunities for the growth of our business in this huge market."
INTRANAV was founded in 2014 by Ersan Günes, Chief Product & Technology Officer, and Gonzalo Ibarra, Chief Operating Officer. In 2020, Andreas Radix joined the management team as Chief Executive Officer to further scale up the business, and he and the founders will continue to lead the INTRANAV management team within Inpixon.
Andreas Radix of INTRANAV, said, "This is a very exciting time to join Inpixon. In recent months, our team has been uncovering more sales opportunities than we can reasonably address, and now, with Inpixon's resources and complementary products, I believe we will have an unmatched solution to capture the extraordinary opportunity in the industrial internet of things market.”
INTRANAV’s Ersan Günes added, “From our founding, we’ve been focused on developing cutting edge technology and supplying data-driven solutions to warehouses, distribution centers, and production lines that allow large, premier enterprises to optimize production and intralogistics. We're proud to bring our award-winning solutions to Inpixon and to make a significant and strategic enhancement to the Inpixon Indoor Intelligence platform."
Soumya Das, COO of Inpixon, commented, "I’m excited about Inpixon's prospects to grow substantially within the dynamic IIoT market. Inpixon offers a mature, full-stack location intelligence platform with the capability to support multiple use cases and industries, as recognized by independent researchers, which we believe will enable us to sell to not only the industrial side of the house but also to the corporate side, which can use our employee experience app and hybrid events platform, all underpinned with our intelligent maps, positioning technologies, and analytics."
INTRANAV’s research with customers has validated extraordinary time savings using INTRANAV solutions combined with integrations with leading ERP systems such as SAP. Savings versus traditional methods include the following:
Inbound: Unload, inventory and arrange goods: 23% faster
Storage: Identify and pick-up goods, find available shelf, unload: 37% faster
Outbound: Find, load, transport, unload at outbound point (preliminary data): 42% faster
Answers to frequently asked questions about this announcement can be found on the FAQ available here.
In accordance with the terms of a Share Sale and Purchase Agreement, dated December 8, 2021, Inpixon, through its wholly owned subsidiary, Nanotron Technologies, GmbH, as purchaser, will acquire 100% of the outstanding shares of IntraNav. The transaction is anticipated to close on or about December 9, 2021. Additional information regarding the transaction, including the terms, will be available in a Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission in connection with this transaction.
About IntraNav
INTRANAV is a German real-time location & sensor data service provider for industrial platforms for the integration of the digital twin. With the digitization and allocation of real-time position data of industrial goods and transport vehicles with centimeter accuracy, the INTRANAV RTLS IoT platform contributes to a significant increase in efficiency and process reliability through the automation of logistics and production processes, such as Auto-ID solutions, paperless factory, AGV management, vehicle navigation, real-time material flow and shop floor management, and thus to the realization of the smart factory or digital supply chain. In addition to real-time data applications for the digital twin, INTRANAV also provides smart real-time location analyses from one platform suite, enabling companies to identify significant process optimizations and make data-based decisions. Customers and partners of INTRANAV are global companies such as Siemens Energy, PERI, Festo, SAP, Wirepas, and German Edge Cloud (GEC). For more information, please visit intranav.com.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
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 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations and global supply chain constraints, Inpixon’s ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon’s technology, Inpixon's ability to maintain compliance with Nasdaq’s minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Contacts
Inpixon
Media relations and general inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
INTRANAV
Madlen Schuster
Digital Marketing Manager
Email: press@intranav.com
###
https://www.inpixon.com/company/news/inpixon-acquires-intranav-expands-rtls-industrial-iot-platform-for-industry-4-0-smart-factories-smart-warehouses-digital-supply-chains
Details to be posted in an 8-K.
okidoki
“ 5:03p ET 11/15/2021 - Benzinga
Inpixon Q3 EPS $(0.05) Up From $(0.13) YoY, Sales $4.50M Miss $11.92M Estimate
Mentioned: INPX
Inpixon (NASDAQ:INPX) reported quarterly losses of $(0.05) per share. This is a 61.54 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $4.50 million which missed the analyst consensus estimate of $11.92 million by 62.25 percent. This is a 76.19 percent increase over sales of $2.55 million the same period last year.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Inpx CEO said that he wants the company to accelerate its current momentum, and that it has fortune 100 customers, so if true , where are the sales numbers? The current momentum is less sales. Reverse split soon imo.
News excerpt... "1) Controlling who gets into the location
2) Managing behaviors within the space; and
3) Preparing to respond to incidents
ThinkIoT Back to Work Solutions support this three-step framework with a set of end-to-end, pre-tested and validated IoT solutions incorporating carefully selected and proven hardware and software partners, including CXApp, Inpixon, L Squared, Openpath, Relogix, and Viper Imaging.
Full article...
Lenovo Launches Internet of Things Solutions To Make The Workplace Safer During COVID-19
23 June 2020
ThinkIoT Solutions Simplify Workplace Preparation for Bringing Employees Back to the Office
RESEARCH TRIANGLE PARK, N.C., June 23, 2020 – Lenovo (HKSE: 992) (ADR: LNVGY) today announced IoT solutions for businesses returning to work after the coronavirus pandemic – ThinkIoT Back to Work Solutions. Lenovo has assembled an ecosystem of IoT solutions to help make it easier for customers to get back to work in offices without dealing with the hassle traditionally encountered in IoT projects. To that extent, Lenovo validates, deploys, and manages these end-to-end solutions globally in a set of turnkey offerings, especially important for large businesses with distributed locations. These are the first solutions from Lenovo’s Commercial Internet of Things Business Group, established in 2019 to help drive the company’s service-led transformation.
Lenovo provides a single point of accountability for customers across their Back to Work solutions. Lenovo tests each solution through a rigorous validation process that includes up to 140 steps covering security, serviceability, scalability, and reliability. Lenovo’s field network of more than 20,000 technicians handle deployment for all the solutions with minimal site disruption. With customers in more than 180 markets and expertise supporting more than 125 million devices, Lenovo provides leading solution monitoring and management to keep all these ThinkIoT Back to Work solutions running for customers.
Three-Step Framework for Back to Work
In a recent Lenovo survey in the U.S, 58% of respondents said their job shifted to remote work in response to Covid-19, and 88% say it’s important for their companies to deploy technology-based safety measures within their workplaces before they go back to work.1
Lenovo outlines a three-step framework with technology at its core to help make spaces safer and to accelerate business transformation for the long term.
1) Controlling who gets into the location
2) Managing behaviors within the space; and
3) Preparing to respond to incidents
ThinkIoT Back to Work Solutions support this three-step framework with a set of end-to-end, pre-tested and validated IoT solutions incorporating carefully selected and proven hardware and software partners, including CXApp, Inpixon, L Squared, Openpath, Relogix, and Viper Imaging.
These solutions help make workplaces safer as employees progress through the building:
Touchless Building Access: Modern access control that allows touchless access, phone-based authentication, easy cloud management, and integrations with legacy access control systems and IoT solutions. (Openpath)?
Elevated Temperature Screening: Thermal screening solutions using U.S. Food and Drug Administration cleared thermal cameras to identify elevated body temperature in individuals as they go through access points. (Viper Imaging)
Digital Signage and Policy Communication: Integrated digital communication and content management solution to effectively communicate policies and information to your workforce. (L Squared)
Safe Workspace Monitoring: Office occupancy monitoring solution with granularity to a seat level to comply with social distancing protocols and identify workspace utilization for target cleaning. (Relogix)
On-Premise Contact Tracing: Employee and visitor tracing using existing Wi-Fi network to monitor workspace zone health and enable a focused response in the event of an incident. (Inpixon)
Customers can choose what’s most important to them and mix and match solutions based on their desired outcomes. Lenovo serves as the one-stop shop for deploying and managing these Back to Work Solutions.
“For the past decade IoT solutions have promised great results but haven’t delivered,” said John Gordon, Lenovo’s President, Commercial Internet of Things. “Our purpose is simple – to overcome the logistical challenges of IoT systems to make them practical at scale. As the #1 PC maker, Lenovo is in the unique position to understand what it takes to manage electronic components spread around the world. We build on our global strength in services and supply chain and layer on industry-first IoT management software and a proven partner ecosystem to help customers finally get the value they’ve always wanted from IoT, quickly, and hassle free.”
At a time when IoT solutions are plentiful, single IoT solutions can easily require hundreds of thousands of sensors and end points when deployed across global site locations. Once companies start considering multiple IoT solutions, this challenge can easily reach millions of devices, limiting businesses from realizing the potential value of IoT. Lenovo recognizes and overcomes the business challenges associated with leveraging IoT solutions by identifying trusted solutions, deploying at scale, and managing across vendors and sites over time.
Availability2
ThinkIoT Back to Work Solutions are available beginning immediately in select regions through Lenovo sales channels.
For more information: visit www.lenovo.com/iot.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world. To find out more visit https://www.lenovo.com, follow us on LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.
LENOVO is a trademark of Lenovo. All other trademarks are the property of their respective owners. ©2020, Lenovo Group Limited.
1Survey conducted by Lenovo on June 8, 2020 of 1,000+ employees in the general population in the U.S.
2All offers subject to availability. Lenovo reserves the right to alter product offerings, features and specifications at any time without notice.
Press Contacts
Raleigh – Kristy Fair, krisfair@lenovo.com, (919)623-4493
Zeno Group – LenovoWWcorp@zenogroup.com
Partner Quotes
The CX App
“The future of work is connected – bridging physical and digital touchpoints through a mobile ecosystem of devices and IoT products that drive smart, automated experiences to the forefront of employee engagement,” said Leon Papkoff, CEO and Chief Strategist, The CXApp. “That’s why we’re excited to be a part of Lenovo’s ThinkIoT Back to Work Solution ecosystem – where The CXApp can bring everyone into a workplace experience platform that helps a distributed workforce feel confident and secure when they return to the office.”
Inpixon
“Inpixon is pleased to offer its Workplace Readiness™ solutions through Lenovo,” commented Nadir Ali, CEO of Inpixon (Nasdaq: INPX). “In today’s environment, businesses must invest in tools that enable them to adapt and address new challenges as they arise. Inpixon’s Indoor Intelligence technology helps organizations prepare to provide for the safety and security of their employees and visitors by leveraging their indoor data with tools that create visibility around social distancing protocols, support contact tracing efforts, and identify high priority zones for sanitizing. We’re excited to partner with Lenovo and help businesses reclaim their workplaces.”
L Squared
“With employees returning back to work, L Squared supports businesses with the right tools to create a safe and transparent environment for employees to flourish and do their best in,” said Ratnavel Gajendra, CEO, L Squared. “We are partnering with Lenovo to leverage their comprehensive ThinkIoT Back to Work Solutions to enable enterprises to deliver a connected employee experience by improving workplace culture and communication immediately.”
Openpath
“More than ever before, access control has become a crucial requisite to protecting the wellbeing and safety of our people, properties and IP,” said James Segil, President and Co-Founder of Openpath. “As companies focus on reopening their workplaces, Openpath is proud to partner with Lenovo to bring our unique “Wave To Unlock” hands-free access to the enterprise market. We want people to feel protected and at ease in the workplace, with technology that offers safety and peace-of-mind for all employees and visitors.”
Relogix
“Relogix intelligent workspace insights will help companies prepare and manage their return to work and understand the new patterns of work. We provide the insights needed to inform workspace design and other real estate decisions necessary to adapt to a very different working environment,” said Jeff Bennett, COO, Relogix. “As a key component of the Lenovo ThinkIoT Solutions, organizations will be able to deploy our technology with confidence knowing that all their global implementation and support needs will be handled by one of the most respected companies in the world.”
Viper Imaging
“We are proud to partner with Lenovo in providing ThinkIoT Back to Work Solutions,” said Rich Shannon, co-founder, Viper Imaging. “Lenovo’s objective of offering technology solutions for safe and seamless transitions back to work after the Coronavirus pandemic aligns with Viper’s mission statement – providing thermal solutions that increase efficiency, promote safety and effect positive environmental change. We know the implementation of thermal technology for elevated body temperature (EBT) detection is a vital piece in helping businesses stay safe as they get back to doing what they do best.”
Inpixon Reports Second Quarter 2020 Financial Results and
Provides Corporate Update...
We have secured certain key collaboration and reseller relationships, such as our relationship with Lenovo, allowing our solutions to be offered as part of their ThinkIoT Back to Work Solutions. We believe Lenovo’s global footprint and established relationships with large enterprise customers will complement our internal sales activities and assist in rapidly expanding awareness and accelerating adoption of our solutions.
? Announced Lenovo as an authorized reseller of Inpixon’s Workplace Readiness solutions, allowing our solutions to be offered as part of Lenovo’s ThinkIoT Back to Work Solutions, an ecosystem of IoT solutions that simplifies workplace preparation for bringing employees back to the office after closures due to COVID-19.
https://www.sec.gov/Archives/edgar/data/1529113/000121390020021883/ea125498ex99-1_inpixon.htm
================================
8-K
“As a result of these efforts, we are seeing strong traction for the adoption of our technology and solutions to address the demands of a new world, with new priorities. This is evidenced by the response that we have received from existing, new and potential customers, such as a global hotel chain and a major U.S. telecommunications company, as well as new partners, such our recently announced collaboration with Lenovo as part of its ecosystem of Think IOT Back to Work Solutions. As reopen plans continue to expand over the weeks and months to come, we are encouraged by a robust sales pipeline generated by the focus and efforts made during the second quarter that significantly exceeds our historical sales pipeline opportunities when compared to recent quarters.
https://www.marketwatch.com/investing/stock/inpx/SecArticle?guid=14263255
=============================
https://www.sec.gov/Archives/edgar/data/1529113/000162828021017145/0001628280-21-017145-index.htm
Filing Date
2021-11-15
Accepted
2021-11-15 17:20:56
Period of Report
2021-06-30
However, it's Dec 31-2019 - 06/30/20020. Interesting.
So, where is Lenovo with Inpixion now?
No mention in their 6/30/2021 quarterly...
Filing Date
2021-08-16
Accepted
2021-08-16 17:16:40
Documents
123
Period of Report
2021-06-30
https://www.sec.gov/ix?doc=/Archives/edgar/data/1529113/000162828021017145/inpx-20210630.htm
Very good question JaneyH.
Going to be a busy industry.
https://www.inpixon.com/solutions/indoor-positioning
https://gtxcorp.com/tmwf-app/
INPX News: Inpixon Recognized as an IDC Innovator for Location & Geospatial Intelligence
https://investorshub.advfn.com/Inpixon-INPX-31856#:~:text=INPX%20News%3A%20Inpixon%20Recognized%20as%20an%20IDC%20Innovator%20for%20Location%20%26%20Geospatial%20Intelligence
Looks like she may be trying to prove a reversal.
INPX daily
Inpixon Reports Third Quarter 2021 Financial Results and Provides Corporate Update
https://finance.yahoo.com/news/inpixon-reports-third-quarter-2021
Reports 74% and 100% Increase in Revenue for the Three and Nine Months Ended September 30, 2021, Respectively
Conference Call to be Held Today at 4:30 p.m. Eastern Time
PALO ALTO, Calif., Nov. 15, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, today provided a business update and reported financial results for the third quarter of 2021.
Nadir Ali, CEO of Inpixon, stated, "We are proud to report that the growing demand for our solutions has resulted in strong year-over-year and sequential revenue growth in each of the first three quarters of 2021. More specifically, we achieved a 74% and 100% increase in revenue for the three and nine months ended September 30, 2021, respectively. This growth results from sales primarily attributed to our smart office app and real-time location based technologies, which have supplemented and enhanced our suite of Indoor Intelligence products and solutions since last year. The combination of our products is not only increasing stickiness with our customers but also increasing our average sales price. We are also seeing success in our land-and-expand strategy as customers continue to increase their footprint with us. In addition, our award-winning smart office app platform was adopted by several top-tier organizations during the quarter, many of whom sought our solution to support their hybrid workplace initiatives. We believe this demand within the market will continue, as the need for a connected workforce and contextual experiences accelerates.
"We remain committed to supplying organizations with a comprehensive suite of products and solutions that provide them with actionable Indoor Intelligence—making their environments smarter, safer and more secure. Towards this end, we have enhanced our technologies and completed acquisitions that expand our product offerings and market opportunities. We are now realizing the full impact of our comprehensive platform. Our platform's ability to respond and adapt within the new-normal, post-pandemic environment is helping us secure numerous contracts, as well as broadening partnership and collaboration opportunities. We are leveraging our broad range of capabilities and technologies, including app development, mapping, positioning, augmented reality, sports devices and more, in order to reimagine the user and employee experience. Importantly, we are working to reimagine workplace experiences by bringing innovative technologies to the market for smarter, safer and more secure environments.
"Overall, we have more than $100 million of liquidity as of September 30, 2021, which includes $66.8 million in cash and cash equivalents as well as $43.2 million in short-term investments. We believe our strong balance sheet will allow us to effectively execute on our business strategy of gaining additional market awareness and deepening our penetration of the market with our solutions, as well as to identify opportunistic acquisition targets that build upon our established platform and enhance our own technologies. We are proud of the strong momentum we have achieved and look forward to providing additional updates regarding our expansion as developments unfold," concluded, Mr. Ali.
Recent milestones:
Secured multiple new contracts for Inpixon's smart office, events, security and RTLS solutions with numerous existing and new customers which are considered leaders in their respective markets.
Launched new version of Inpixon Aware integrating UWB and Chirp RTLS, enhancing security as well as personnel and asset tracking capabilities.
Released new version of Inpixon Mapping, the company's enterprise-class indoor mapping platform, delivering enhancements in performance, scalability and security.
Awarded patent from the U.S. Patent and Trademark office covering its multi-channel spatial positioning system.
Granted patent from the U.S. Patent and Trademark office for certain geolocation and state-reporting methods and techniques for weapon tracking and reporting utilizing GPS, cellular, sound and vibration.
Entered collaboration agreement with Ostendo Technologies ("Ostendo") to jointly pursue customer opportunities aimed at launching new augmented reality (AR) enabled solutions incorporating Ostendo's AR smart glasses and Inpixon's award-winning location, computer vision and AR technologies.
Executed a statement of work to exclusively provide the City of Miami Beach's Washington Avenue Business Improvement District with an AR-enabled mobile ExperienceApp, which will also support the integrated use of Ostendo AR smart glasses.
Won the 2021 IoT Evolution Security Excellence award from IoT Evolution World for Inpixon Aware. IoT Evolution World is a leading publication covering IoT technologies.
Won 2021 FacilitiesNet Vision Award for Inpixon's smart office app in the office reopening solution category.
Announced that Inpixon's CXApp event platform powered Aruba's Atmosphere Digital 2020 Conference which won the Judges' Choice Award, EXHIBITOR Magazine's 2021 Corporate Event Awards' top honor.
Financial Results
Revenues for the three and nine months ended September 30, 2021 were $4.5 million and $10.9 million, respectively, compared to $2.6 million and $5.4 million, respectively, for the comparable periods in the prior year. This is an increase of approximately $1.9 million, or approximately 74% for the three months ended September 30, 2021 and 100% for the nine months ended September 30, 2021. The revenue increase for the three months ended September 30, 2021 is primarily attributable to an approximate $1.8 million increase in Indoor Intelligence sales and an increase of approximately $0.1 million of SAVES sales. The revenue increase for the nine months ended September 30, 2021 is primarily attributable to an approximate $3.8 million increase in Indoor Intelligence sales and an increase of approximately $1.6 million of SAVES sales. Gross profit for the three and nine months ended September 30, 2021 was $3.3 million and $7.9 million, respectively, compared to $1.9 million and $4.0 million, respectively, for the comparable periods in the prior year, an increase of 71% and 99%, respectively. The gross profit margin for the three months ended September 30, 2021 was 73% compared to 75% for the three months ended September 30, 2020. This decrease in margin is primarily due to the sales mix during the quarter. The gross profit margin for the nine months ended September 30, 2021 and 2020 was 73%. Net loss attributable to stockholders of Inpixon for the three and nine months ended September 30, 2021 was $33.6 million and $31.4 million, respectively, compared to a loss of $7.5 million and $20.9 million, respectively, for the comparable periods in the prior year. The increase in loss for the three months ended September 31, 2021 of approximately $26.2 million was primarily attributable to the $22.3 million unrealized loss on the Sysorex note and increased operating expenses, offset by the higher gross profit. The increase in loss for the nine months ended September 31, 2021 of approximately $10.5 million was primarily attributable to the increased operating expenses of approximately $24.8 million, offset by the $3.9 million higher gross profit and the $7.5 million release of valuation allowance on the Sysorex note.
Non-GAAP Adjusted EBITDA for the three and nine months ended September 30, 2021 was a loss of $6.7 million and $18.5 million, respectively, compared to a loss of $4.6 million and $12.4 million, respectively, for the prior year periods. EBITDA is defined as net income (loss) before interest, provision for income taxes, and depreciation and amortization. Adjusted EBITDA is used by Inpixon management as a metric by which it manages the business. It is defined as EBITDA plus adjustments for other income or expense items, non-recurring items and other non-cash items including stock-based compensation.
Proforma non-GAAP net loss per basic and diluted common share for the three and nine months ended September 30, 2021 was a loss of $0.05 per share and $0.19 per share, respectively, compared to a loss of $0.13 per share and $0.64 per share, respectively, for the prior year periods. Proforma non-GAAP net income (loss) per share is used by Inpixon management as an evaluation tool as it manages the business and is defined as net income (loss) per basic and diluted share adjusted for non-cash items including stock-based compensation, amortization of intangibles and one-time charges and other adjustments including loss on the exchange of debt for equity, provision for valuation allowance on notes and acquisition costs.
Conference Call
Inpixon management will host a conference call at 4:30 p.m. Eastern Time on Monday, November 15, 2021, to discuss the company's financial results for the third quarter ended September 30, 2021, as well as the company's corporate progress and other developments.
The conference call will be available via telephone by dialing toll free 844-369-8770 for U.S. callers or +1 862-298-0840 for international callers. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2235/43638, or on the company's Investor Relations section of the website, ir.inpixon.com. Investors and other interested parties are invited to submit questions to management prior to the call's start via email to inpx@crescendo-ir.com.
A webcast replay of the call will be available on the company's Investor Relations section of the website (ir.inpixon.com) through November 15, 2022. A telephone replay will be available approximately one hour following the call, through November 22, 2021 and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering conference ID 43638.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
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 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations and global supply chain constraints, Inpixon's ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, the valuation associated with the Sysorex shares owned by Inpixon may fluctuate on a quarter by quarter basis and is anticipated to be subject to discounts or other adjustments for a variety of factors including but not limited to fluctuations in the market price of Sysorex's common stock which may result in unrealized losses if the value of such securities declines and require us to recognize a charge against earnings, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Non-GAAP Financial Measures
Management believes that certain financial measures not in accordance with generally accepted accounting principles in the United States ("GAAP") are useful measures of operations. EBIDTA, Adjusted EBITDA and pro forma net loss per share are non-GAAP measures. Inpixon defines "EBITDA" as net income (loss) before interest, provision for (benefit from) income taxes, and depreciation and amortization. Management uses Adjusted EBITDA as a metric for which it manages the business, and Inpixon defines "Adjusted EBITDA" as EBITDA plus adjustments for other income or expense items, non-recurring items and non-cash items. Inpixon defines "pro forma net loss per share" as GAAP net loss per share adjusted for stock-based compensation, amortization of intangibles and one-time charges including loss on the exchange of debt for equity and provision for valuation allowances.
Management provides Adjusted EBITDA and pro forma net loss per share measures so that investors will have the same financial information that management uses, which may assist investors in assessing Inpixon's performance on a period-over-period basis. Adjusted EBITDA or pro forma net loss per share is not a measure of financial performance under GAAP, and should not be considered an alternative to net income (loss) or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA and pro forma net loss per share have limitations as analytical tools and should not be considered either in isolation or as a substitute for analysis of Inpixon's results as reported under GAAP.
For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the "Reconciliation of Non-GAAP Financial Measures" table accompanying this press release.
Series 7 Dilution begins March 2022, 6 months after share registration detailed below, or if the stock stays above $2.00 for any 10 day period of time coupled with 2 mill in trading volume per day in that +2 time frame:
“On September 13, 2021, the Company filed the Certificate of Designation with the Secretary of State of the State of Nevada, amending the Company’s Articles of Incorporation, as amended, by establishing the Series 7 Preferred Stock, consisting of 58,750 authorized shares, $0.001 par value per share and $1,000 stated value per share.
The holders of the Series 7 Preferred Stock have full voting rights and powers, except as otherwise required by the Articles of Incorporation, as amended, or applicable law. The holders of Series 7 Preferred Stock shall vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the stockholders of the Company. Each holder of the Series 7 Preferred Stock shall be entitled to the number of votes equal to the number of shares of common stock into which the Series 7 Preferred Stock then held by such holder could be converted on the record date for the vote which is being taken, provided, however, that the voting power of a holder together with its Attribution Parties (as defined in the Certificate of Designation), may not exceed 19.99% (or such greater percentage allowed by the Nasdaq Listing Rules without any shareholder approval requirements). The Series 7 Preferred Stock is convertible into the number of shares of common stock, determined by dividing the aggregate stated value of the Series 7 Preferred of $1,000 per share to be converted by $1.25.
Item 8.01?Other Events.
On September 13, 2021, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors named therein (the “Purchasers”), pursuant to which the Company agreed to issue and sell in a registered direct offering (the “Registered Offering”) (i) up to 58,750 shares of Series 7 Preferred Stock and (ii) related warrants to purchase up to an aggregate of 47,000,000 shares of common stock (the “Warrants”). Each share of Series 7 Preferred Stock and the related Warrants were sold at a subscription amount of $920.00, representing an original issue discount of 8% of the Stated Value for an aggregate subscription amount of $54,050,000.
Section 8. Redemption.
a) Optional Redemption at Election of the Holder. Subject to the terms of this Certificate of Designation, at any time (I) beginning on the six (6) month anniversary of the Original Issuance Date and ending ninety (90) days thereafter (“Redemption Period”), each Holder shall (in addition to all other rights it may have hereunder or under applicable law) have the right, exercisable at the sole option of such Holder, to require the Corporation to redeem all or part of the Preferred Stock then held by such Holder in cash for a per share of Preferred Stock redemption price equal to the Stated Value of such share, plus all accrued but unpaid dividends thereon and all liquidated damages and other costs, expenses or amounts due in respect of the share of Preferred Stock (the “Preferred Redemption Amount”) or (II) from and after any breach of the covenant set forth in Section 10(a) of this Certificate of Designation or upon a Bankruptcy Event, each Holder shall (in addition to all other rights it may have hereunder or under applicable law) have the right, exercisable at the sole option of such Holder, to require the Corporation to redeem all or part of the Preferred Stock then held by such Holder in cash for a per share of Preferred Stock redemption price equal to 110% of the Stated Value of such share, plus all accrued but unpaid dividends thereon and all liquidated damages and other costs, expenses or amounts due in respect of the share of Preferred Stock (the “Default Redemption Amount”, and each of the Preferred Redemption Amount and Default Redemption Amount, a “Redemption Amount”). Any Redemption Amount shall be due and payable within five Trading Days of the date on which the notice for the payment therefor is provided by a Holder (the “Redemption Payment Date”). If the Corporation fails to pay in full any Redemption Amount hereunder on the date such amount is due in accordance with this Section, the Corporation will pay interest thereon at a rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law, accruing daily from such date until the Redemption Amount, plus all such interest thereon, is paid in full. For purposes of this Section, a share of Preferred Stock is outstanding until such date as the applicable Holder shall have received Conversion Shares upon a conversion (or attempted conversion) thereof that meets the requirements hereof or has been paid the Redemption Amount in cash.
b) Optional Redemption at Election of the Corporation. Subject to the terms of this Certificate of Designation, at any time beginning on the six (6) month anniversary of the Original Issuance Date, the Corporation shall have the right, exercisable at the sole option of the Corporation, to redeem all or part of the Preferred Stock then held by a Holder in cash for a per share of Preferred Stock redemption price equal to the Preferred Redemption Amount by sending a thirty (30) days’ written notice to such Holder (the “Redemption Notice”), provided, however, that the Holder may elect to convert its shares of Preferred Stock pursuant to Section 6 of this Certificate of Designation at any time during the thirty (30) days following the day when the Redemption Notice was sent (the “Conversion Right Period”) by sending a Notice of Conversion to the Corporation. In the event the Corporation does not receive a Notice of Conversion of the Holder prior to the expiration of the Conversion Right Period, the Redemption Payment Date for the purposes of this Section 8(b) shall be the later of (i) five (5) Trading Days after the expiration of the Conversion Right Period or (ii) the receipt of a written notice from the Holder with the Holder’s wire instructions for remitting the Redemption Amount, provided, however, that the Holder’s shares of Preferred Stock shall be automatically redeemed after five Trading Days of the expiration of the Conversion Right Period. Notwithstanding the foregoing, the Corporation may only effect an optional redemption pursuant to this Section if each of the Equity Conditions shall have been met on each Trading Day occurring during the period commencing on the date of the Redemption Notice and through the Conversion Right Period and including the date on which payment is actually made (the “Equity Condition Period”). If any of the Equity Conditions shall cease to be satisfied during the Equity Condition Period, then a Holder may elect to nullify the Redemption Notice as to such Holder by notice to the Corporation within three (3) Trading Days after the first day on which any such Equity Condition has not been met (provided, that if, by a provision of the Transaction Documents, the Corporation is obligated to notify the Holders of the failure of an Equity Condition, such notice period shall be extended to the third (3rd) Trading Day after proper notice from the Corporation) in which case the Redemption Notice shall be null and void, ab initio. The Corporation covenants and agrees that it will honor all Notices of Conversion through the date the redemption amount is paid in full.
14
c) Effect of Redemption on Warrants. In accordance with the terms of the Warrants, upon receipt of any redemption amount by a Holder under this Section 8, such Holder shall, for each share of Preferred Stock redeemed by the Corporation, forfeit 75% of the Warrants issued as a result of the purchase of such redeemed share of Preferred Stock pursuant to the Purchase Agreement.
Section 9. Forced Conversion. Notwithstanding anything herein to the contrary, if after the effective date of the Capital Event (as defined in the Purchase Agreement) (i) the VWAP for each of any 10 consecutive Trading Day period, which 10 consecutive Trading Day period shall have commenced only after the effective date of the Capital Event (“Threshold Period”), exceeds $2.00 per share (subject to adjustments for splits, dividends and the like) and (ii) the daily dollar trading volume for each Trading Day during any Threshold Period exceeds $2,000,000 of shares of Common Stock per Trading Day, the Corporation may, within 1 Trading Day after the end of any such Threshold Period, deliver a written notice to all Holders (a “Forced Conversion Notice” and the date such notice is delivered to all Holders, the “Forced Conversion Notice Date”) to cause each Holder to convert all or part of such Holder’s Preferred Stock (as specified in such Forced Conversion Notice) plus all accrued but unpaid dividends thereon and all liquidated damages and other amounts due in respect of the Preferred Stock pursuant to Section 6, it being agreed that the “Conversion Date” for purposes of Section 6 shall be deemed to occur no later than the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period following the Forced Conversion Notice Date (such date, the “Forced Conversion Date”). The Corporation may not deliver a Forced Conversion Notice, and any Forced Conversion Notice delivered by the Corporation shall not be effective, unless all of the Equity Conditions have been met on each Trading Day during the applicable Threshold Period through and including the later of the Forced Conversion Date and the Trading Day after the date that the Conversion Shares issuable pursuant to such conversion are actually delivered to the Holders pursuant to the Forced Conversion Notice. Any Forced Conversion Notices shall be applied ratably to all of the Holders based on each Holder’s initial purchases of Preferred Stock hereunder, provided that any voluntary conversions by a Holder shall be applied against such Holder’s pro rata allocation, thereby decreasing the aggregate amount forcibly converted hereunder if less than all shares of the Preferred Stock are forcibly converted. For purposes of clarification, a Forced Conversion shall be subject to all of the provisions of Section 6, including, without limitation, the provisions requiring payment of liquidated damages and limitations on conversions.“
https://www.otcmarkets.com/filing/html?id=15226305&guid=bX3wkp-Ja1Q_h3h
reading between the lines...i like my odds that the release of financials and the cc are on MONDAY , will be good....not like on a FRIDAY...best to all
PALO ALTO, Calif., Nov. 9, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, today announced it will host a conference call at 4:30 p.m. Eastern Time on Monday, November 15, 2021, to discuss the company's financial results for the third quarter ended September 30, 2021, which the company plans to release after market close the same day. The call will also include an update on the company's corporate progress and other developments.
im looking for under .80
Wish my crystal ball was good enough so I could tell. We haven't even gotten back up to the offering price of 1.25. I think we see another beat down into the upper .70's. Support there I'm thinking holds through earnings. But if the dilution keeps it down...
Anyway, I'm being patient for now.
is it smacked down already or is there going to be another beating????? uggghhh
so where do you think we end up? is .25 yahoo target out of line?
Stocks that mention raising their AS always get smacked down imo.
But hey, they raise to 2B this won't have to raise again hopefully for years.
It makes a difference where they're getting their financing from. Non toxic Vs. toxic. There's a lot of warrants out, no doubt about it.
Last S-3
https://www.sec.gov/Archives/edgar/data/1529113/000121390021031044/ea141751-s3_inpixon.htm
im talking about the vote at the annual meeting...one of them being increasing the AS to billions
Major chart opportunity here, indoor capabilities key going into travel season imo
Share Structure
Market Cap Market Cap
104,941,042
11/02/2021
Authorized Shares
Not Available
Outstanding Shares
117,331,219
08/11/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value
Smart Campus - The CXApp, An Inpixon Company
The CXApp combines workplace technology for a more connected venue experience for customers, employees, vendors, visitors and more through our cloud-based mobile app platform.
https://thecxapp.com/campus?
huge increase to the AS.....so they do tend to raise money with those shares...hopefully to fuel growth
but ty for the good info and I do believe we will be moving up soon
of which I am not for....our country is doomed if this socialism plan is passed..imagine no work requirements for free money...yeah this is going to do wonders for our country
Notice Facebook and Twitter further down in those slides. ??
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