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Mar 31, 2020
XTI Aerospace Q1 2020 Earnings Report
Inpixon's revenue increased by 32% year-over-year, driven by mapping capabilities and solutions.
Key Takeaways
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.
Revenue increased by 32% year-over-year, reaching $1.8 million compared to $1.36 million in the prior year.
The revenue increase was primarily due to an increase in revenue from mapping services.
Gross margin decreased to 72% compared to 75% for the same period last year.
Net loss attributable to stockholders was $6.2 million, compared to a loss of $5.2 million for the comparable period in the prior year.
XTI Aerospace
XTI Aerospace
Forward Guidance
Inpixon believes it is well positioned to fill a critical need in today’s world with essential tools and technologies to assist organizations with solutions that enhance the safety, security and well-being of their employees and visitors.
Positive Outlook
- Businesses will have to implement safety precautions to bring employees back to work with processes and procedures to address crowding and density.
- Our solution can support these necessary efforts by businesses to monitor physical distancing
- Our solution can facilitate digital contact tracing for the purpose of exposure notification
- Our solution can identify areas within their facilities in which to focus increased cleaning efforts.
- Inpixon is well-positioned to provide solutions that enhance safety, security, and well-being during the COVID-19 pandemic.
Challenges Ahead
- The ultimate impact of the pandemic on our results of operations is uncertain and difficult to predict.
- The fluctuation of economic conditions.
- 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, including during a panel monitoring period ending on February 5, 2021.
- General economic conditions