XTI Aerospace Q2 2020 Earnings Report
Key Takeaways
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.
Expanded product offering to assist organizations managing pandemic impacts with Workplace Readiness solutions.
Secured key collaboration and reseller relationships, including with Lenovo.
Received FCC certification for UWB module and progressing in 5G cellular detection, next generation BLE and Wi-Fi 6.
Invested in sales and marketing efforts, including a nationwide advertising campaign and enhanced website.
XTI Aerospace
XTI Aerospace
Forward Guidance
Inpixon believes it is well positioned for continued growth, with over $39 million of cash as of June 30, 2020, which provides the company with flexibility to execute on its organic growth strategy.