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Mar 31, 2022
XTI Aerospace Q1 2022 Earnings Report
Reported a 77% increase in revenue compared to the same period last year.
Key Takeaways
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.
Revenue increased by 77% to $5.2 million compared to $3.0 million for the same period in 2021.
Gross profit increased by 86% to $3.8 million compared to $2.1 million for the same period in the prior year.
Gross profit margin was 73% compared to 70% for the same period last year.
Net loss attributable to stockholders was $11.2 million compared to $12.6 million for the comparable period in the prior year.