XTI Aerospace Q2 2021 Earnings Report
Key Takeaways
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.
Revenue increased by 221% year-over-year, reaching $3.5 million.
Net income attributable to stockholders was $14.8 million, compared to a loss of $7.3 million in the prior year.
Gross profit increased by 232% with a gross profit margin of 74%.
The company has approximately $70 million available, including $24.9 million in cash and $45.3 million in short-term investments.
XTI Aerospace
XTI Aerospace
Forward Guidance
Inpixon is well-positioned to aggressively penetrate the Indoor Intelligence market and looks forward to providing updates regarding contract wins and technology enhancements.