XTI Aerospace Q4 2019 Earnings Report
Key Takeaways
Inpixon reported a 68% increase in revenue for fiscal year 2019 compared to 2018, with gross margin increasing to 74%. The company's net loss attributable to stockholders increased due to a fair value adjustment and higher operating expenses.
Fiscal year 2019 revenues increased by 68% compared to 2018.
Gross profit margin increased to 74% for 2019.
Net loss attributable to stockholders for 2019 was $34.0 million.
Inpixon was recognized by Gartner as a Visionary in their Magic Quadrant for Indoor Location Services, Global.
XTI Aerospace
XTI Aerospace
Forward Guidance
Inpixon looks forward to building on the opportunities for continued growth through the addition of new customers, expansion of existing relationships, and increasing market outreach efforts. The company intends to continue to devote resources to optimizing its product and service offerings, including expanding the use of UWB technology and enhancing positioning capabilities.
Positive Outlook
- Addition of new customers
- Expansion of existing relationships
- Increasing market outreach efforts
- Expanding the use of UWB technology
- Enhancing positioning capabilities to offer an even better indoor experience