XTI Aerospace Earnings Reports

Inpixon reported a decrease in revenue but an increase in gross profit margin for Q3 2023. The company focused on strategic opportunities, including a merger agreement with XTI Aircraft and a spin-off and merger of its SAVES UK business with Damon Motors Inc. Transaction-related costs impacted operating expenses, but the company ended the quarter with $13.5 million in cash and cash equivalents.

Inpixon reported a decrease in revenue for the second quarter of 2023, primarily due to decreased Indoor Intelligence sales and lower sales for the SAVES product line. However, the company improved its gross margins and maintained a strong cash position. A definitive merger agreement with XTI Aircraft was announced, expected to close in Q4 2023.

Inpixon reported a 17% increase in revenue to $3.1 million for Q1 2023 compared to the same period last year. The company also completed the spin-off of its workplace experience business line and reduced operating expenses.

Inpixon reported a 21% increase in revenue to $19.4 million for the fiscal year 2022. The company also focused on the spin-off of its workplace experience products and is pursuing opportunities to increase enterprise value.

Inpixon's Q3 2022 saw a decrease in revenue by approximately 6% compared to the same period last year, primarily due to delayed shipments in the IIoT product line and lower sales for the SAVES product line. The company is progressing with a strategic transaction to sell its enterprise apps business segment for approximately $69 million.

Inpixon reported a 37% increase in revenue for the second quarter of 2022, reaching $4.7 million. The company is focused on increasing operational efficiencies and meeting growth goals amidst macroeconomic challenges.

Inpixon reported strong revenue growth in Q1 2022, with a 77% increase to $5.2 million compared to $3.0 million in the same period in 2021. The growth is attributed to increased Indoor Intelligence sales, particularly the enterprise app (CXApp) product line and the addition of the IIoT product line.

Inpixon reported a 72% increase in revenue year-over-year, resulting in $16 million for the fiscal year ended December 31, 2021. The company maintained gross margins at 70% and improved operations through strategic acquisitions, expanding its technologies and solutions.

Inpixon reported a 74% increase in revenue for the three months ended September 30, 2021, driven by strong demand for its smart office app and real-time location-based technologies. The company has over $100 million of liquidity as of September 30, 2021.

Inpixon reported a significant increase in revenue and net income for Q2 2021. Revenue increased by 221% compared to the same period last year, and net income attributable to stockholders was $14.8 million, primarily due to the settlement of a note receivable with equity.

Inpixon reported a 64% increase in revenue for Q1 2021 compared to the same period last year, driven by product sales related to the Systat and RTLS product lines. The company also completed strategic transactions, including the acquisition of The CXApp and Visualix, to enhance its Indoor Intelligence platform.

Inpixon reported a 48% increase in revenue for the fiscal year ended December 31, 2020, driven by acquisitions and growth in existing product lines. The company's net loss decreased compared to the prior year, and it entered 2021 with a strong balance sheet.

Inpixon reported a 66% increase in revenue for the third quarter of 2020 compared to the same period last year, driven by increased sales in the Aware and Mapping product lines and the addition of sales from the new Systat licensing product line. The company's net loss was $7.5 million, and it had approximately $31.4 million in cash as of September 30, 2020.

Inpixon reported a decrease in revenue for the second quarter of 2020, but made strides in strengthening its balance sheet and improving its overall financial condition. The company focused on remote and subscription-based offerings and expanded its product offering to assist organizations seeking to manage the impacts of the pandemic.

Inpixon reported a 32% increase in revenue year-over-year for Q1 2020, primarily driven by its mapping capabilities and solutions. The company's gross margin saw a slight decrease, while the net loss attributable to stockholders increased. Inpixon believes it is well-positioned to provide solutions that enhance safety, security, and well-being during the COVID-19 pandemic.

Inpixon reported a 68% increase in revenue for fiscal year 2019 compared to 2018, with gross margin increasing to 74%. The company's net loss attributable to stockholders increased due to a fair value adjustment and higher operating expenses.