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Sep 30, 2020
XTI Aerospace Q3 2020 Earnings Report
Inpixon's revenue increased by 66% year-over-year, key capabilities were added to the Indoor Intelligence Platform, the customer base was expanded, and new verticals resulted from strategic acquisitions.
Key Takeaways
Inpixon reported a 66% increase in revenue for the third quarter of 2020 compared to the same period last year, driven by increased sales in the Aware and Mapping product lines and the addition of sales from the new Systat licensing product line. The company's net loss was $7.5 million, and it had approximately $31.4 million in cash as of September 30, 2020.
Revenue for the third quarter of 2020 increased 66% year-over-year.
Key capabilities were added to the Indoor Intelligence Platform through strategic acquisitions.
The customer base was expanded internationally in Europe, Asia, Africa, South America and the Middle East.
New verticals such as mine safety, livestock and manufacturing were opened.
Forward Guidance
Inpixon expects the revenue growth trend to continue in Q4 2020 and is focused on creating long-term shareholder value by scaling the business both organically and through M&A.
Historical Earnings Impact
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