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Jun 30, 2022
XTI Aerospace Q2 2022 Earnings Report
Inpixon achieved revenue growth and continued to expand its customer base.
Key Takeaways
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.
Revenue increased by 37% for the three months ended June 30, 2022, compared to the prior year period.
Gross profit increased by 30% for the three months ended June 30, 2022, compared to the prior year period.
The company recently joined SAP’s partner program to market its solutions to SAP’s customers.
Enterprise apps recently received ISO/IEC certification.
XTI Aerospace
XTI Aerospace
Forward Guidance
Inpixon is focused on increasing efficiencies operationally, while also working to ensure that they continue to meet their growth goals, while cognizant of the macroeconomic challenges that may continue to lie ahead.
Positive Outlook
- Continued growth during the second quarter.
- Revenue growth is shifting to more organic growth.
- Adding new enterprise organizations to our customer base every quarter.
- Deepening relationship with existing customers with add-ons and new integrations
- Solutions and technologies designed to help organizations create and redefine exceptional workplace experiences.
Challenges Ahead
- Macroeconomic challenges may continue to lie ahead.
- Net loss attributable to stockholders of Inpixon increased.
- Non-GAAP Adjusted EBITDA loss increased.
- Proforma non-GAAP net loss per basic and diluted common share increased.
- Decrease in margin is primarily due to the sales mix during the periods.