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Dec 31, 2022
XTI Aerospace Q4 2022 Earnings Report
Reported a 21% increase in revenue for the 2022 fiscal year and implemented initiatives to reduce operating expenses and overhead costs.
Key Takeaways
Inpixon reported a 21% increase in revenue to $19.4 million for the fiscal year 2022. The company also focused on the spin-off of its workplace experience products and is pursuing opportunities to increase enterprise value.
Revenue increased by 21% year-over-year to $19.4 million.
Gross profit increased by 20% to $13.9 million.
Net loss attributable to stockholders decreased by $5.8 million to $63.4 million.
Inpixon continues to be recognized as an industry leading provider for indoor location services.
XTI Aerospace
XTI Aerospace
Forward Guidance
In 2023, Inpixon will continue to focus on accelerating the growth of its real-time location system (RTLS) business and further penetrating the market.
Positive Outlook
- Focus on accelerating the growth of RTLS business.
- Further penetrating the market.
- Addressing a wide variety of important use cases.
- Securing new customers and numerous purchase orders.
- Well positioned to take advantage of the vast opportunities.