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... ... @@ -2,60 +2,159 @@ 2 2 {{toc/}} 3 3 {{/box}} 4 4 5 += Overview = 6 + 7 +Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. The company's indoor location and data platforms and patented technologies empower users to harness the power of indoor data to create actionable intelligence. The company specialize in capturing, interpreting and visualizing indoor data to make indoor spaces smarter, safer and more secure.{{footnote}}https://www.inpixon.com/company?_ga=2.108997764.74207554.1610048132-1003211712.1610048132{{/footnote}} 8 + 9 +The company's solutions are leveraged by a multitude of industries and disciplines to do good with indoor data. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Inpixon customers can take advantage of mapping, positioning, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. 10 + 11 +The company’s indoor location data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi and Bluetooth devices. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixon’s solutions are leveraged by a multitude of industries to do good with indoor data.{{footnote}}https://ir.inpixon.com/?_ga=2.47710369.74207554.1610048132-1003211712.1610048132{{/footnote}} 12 + 13 +The company has Nine registered patents and seven pending applications in various countries and regions, including the U.S., Mexico, Australia and the European Patent Organization region. 14 + 15 + 16 +== Corporate Structure == 17 + 18 +Inpixon has two operating subsidiaries: (i) Inpixon Canada, Inc. (100% ownership) based in Coquitlam, British Columbia (“Inpixon Canada”); and (ii) Inpixon India Limited (82.5% ownership) based in Hyderabad, India. 19 + 20 + 21 += Product and Technology = 22 + 23 + 24 +== Indoor Intelligence Platform == 25 + 26 + 27 +**Indoor Mapping** 28 + 29 +Create smart indoor experiences with industry-leading maps. Incorporate geospatially accurate maps into your applications and create tailored experiences for different types of users. Dynamic, layer-based maps allow you to power a multitude of location-based use cases and integrate your indoor and third-party data for enhanced data visualization and business rule automation. 30 + 31 + 32 +**Indoor Positioning** 33 + 34 +Make indoor spaces discoverable using Inpixon’s award-winning sensor technology or by leveraging your existing infrastructure. Leverage indoor positioning to create smart indoor spaces with location awareness and accurately pinpoint the location of people or assets inside a building using smartphones, mobile devices, tracking tags or other devices. 35 + 36 + 37 +**Indoor Security** 38 + 39 +Security that sees the unseen within your facilities. Cultivate situational awareness to detect rogue devices and wireless access points in your buildings with Inpixon’s wireless device detection technology. Integrate with leading Mobile Device Management (MDM) systems to enforce no-phone zones, keeping your data, organization, and employees safe while reducing risk. 40 + 41 + 42 +**Indoor Analytics** 43 + 44 +Reveal the untold stories of your indoor spaces. Leverage advanced indoor analytics to gain invaluable insights into how visitors and employees interact with your buildings. Uncover trends and optimize your operations, find efficiencies, and drive additional revenue. Inpixon’s robust predictive analytics empower you to forecast more accurately and maximize space utilization. 45 + 46 + 47 +== Sensors For Detection and Positioning == 48 + 49 +Start harnessing your indoor data with Inpixon’s best-in-class IoT sensors that detect and position wireless devices to power your location-based solutions. From wireless device detection and positioning to visitor analytics, asset tracking, and more, its versatile family of sensors and modular approach gives you flexibility to choose the sensor that best fits and scales to your unique indoor location needs. 50 + 51 + 52 +**Inpixon Pod** 53 + 54 +The Inpixon Pod is a specialized Wi-Fi sensor that can expand coverage areas, increase the number of devices detected, and improve positional accuracy compared to using solely your existing Wi-Fi. 55 + 56 + 57 +**Inpixon Sensor 4000** 58 + 59 +The multi-channel Inpxion Sensor 4000 locates Wi-Fi, Bluetooth and cellular signals to develop a complete and accurate picture of your building’s occupants and devices. 60 + 61 + 62 +**Inpixon Sensor Ultra** 63 + 64 +The Inpixon Sensor Ultra identifies and locates Wi-Fi and Bluetooth/BLE in addition to UWB tags and devices with centimeters-level positional accuracy. 65 + 66 + 67 +**Hardware Solutions** 68 + 69 +The company's collection of proprietary and third-party tags, sensors, and specialty hardware give you flexible, best-in class hardware options to power your location-aware use cases. 70 + 71 + 72 +**Tags** 73 + 74 +The company's tags leverage different technologies, such as Wi-Fi, BLE, GPS, or UWB and come in different form factors, like watches and badges, so you can choose the tag best suited for your location-aware application. 75 + 76 +. 77 + 78 +== Third-Party Sensors == 79 + 80 +These third-party sensors seamlessly integrate into Inpixon’s location-aware solutions. 81 + 82 +* Bluetooth Long-Range Sensor 83 +* Footfall Counter XVS 84 + 85 + 5 5 = Business Overview = 6 6 7 - Inpixon (INPX) providea numberofdifferenttechnologyproductsandservicestoprivateandpublicsector customers.Effective January1, 2017theCompany hashanged thewayit analyzes andassessesdivisionalperformanceof theCompany.The Companyhasthereforere-aligneditsoperatingsegmentsalongthosedivisionbusinesslinesand nowoperates inwosegments,namelyIndoorPositioning Analytics andInfrastructure. The company'spremier proprietaryproduct secures, digitizesand optimizesthe interior of any premises with indoor positioning and data analytics that provide rich positional information, similar to a global positioning system, and browser-like intelligence for the indoors.Other products and servicesthathe company provide include enterprisecomputing andstorage, virtualization, business continuity, data migration, customapplication development, networking and information technology, and business consultingervices.{{footnote}}https://fintel.io/doc/sec-inpx-inpixon-10k-2018-march-27-17950{{/footnote}}88 +Effective August 31, 2018, the Company completed a spin-off of its then wholly owned subsidiary Sysorex, Inc. and the associated infrastructure business and it is no longer a part of its reporting in the current year. For prior years’ the consolidated financial data, revenue and expense of Sysorex’s infrastructure business are shown as discontinued operations. The company's Indoor Intelligence products secure, digitize and optimize the interior of any premises with indoor positioning and data analytics that provide rich positional information, similar to a global positioning system, and browserlike intelligence for the indoors.{{footnote}}https://ir.inpixon.com/sec-filings/all-sec-filings/content/0001213900-20-005326/0001213900-20-005326.pdf{{/footnote}} 8 8 9 - ==IndoorPositioningAnalytics Segment==90 +Revenues increased in the year ended December 31, 2019 over the same period in 2018 by approximately 68% because of an increase in its Indoor Intelligence revenues resulting from an increased focus on the Indoor Intelligence product line following the spin-off, the completion of certain acquisitions in 2019 and the addition of a new customer that accounted for approximately 42% of its revenues for the year ended December 31, 2019. The company expect to continue to grow its Indoor Intelligence product line in 2020. The Indoor Intelligence product line does have long sales cycles, which result from customer-related issues such as budget and procurement processes but also because of the early stages of indoor-positioning technology and the learning curve required for customers to implement such solutions. Customers also often engage in a pilot program first which prolongs sales cycles and is typical of most emerging technology adoption curves. The company anticipate sales cycles to improve in 2020 as its customer base moves from early adopters to mainstream customers. The sales cycle is also improving with the increased presence and awareness of beacon and Wi-Fi locationing technologies in the market. Indoor Intelligence sales can be licensed-based with government customers but commercial customers typically prefer a SaaS or subscription model. The company's other digital solutions are also delivered on a SaaS model and allow it to generate industry analytics that complement its indoor-positioning solutions 10 10 11 - Revenuesfrom its IndoorPositioningAnalytics(“IPA”)segmentwere$848,000for thefirstquarterof2018. The company'sIPA segmentdoes havelong salescycleswhichare a resultfromcustomer relatedissuessuchasbudgetandprocurementprocessesbutalsobecause of theearlystagesof indoor-positioningtechnology andthelearningcurve required forcustomerstoimplementsuchsolutions.Customers also engagein apilotprogramfirstwhich prolongssales cyclesandistypicalofmostmerging technology adoptioncurves.The companyanticipatesalescyclestoimprove in 2018asitscustomerbasemovesfrominnovatorstomainstreamcustomerdoption.Thesalescycleis alsoimprovingwith theincreasedpresenceandawarenessofbeaconandWi-Filocationingtechnologiesin the market.IPA segment sales canbelicensedbasedwith governmentcustomers butareprimarily ona SaaS model withcommercialcustomers.Thecompany'sotherSaaSproducts includecloud-basedapplicationsformedia customers,whichallow it to generateindustry analytics that complementitsindoor-positioningsolutions.92 +The company experienced a net loss of approximately $34.0 million and $24.6 million for the years ended December 31, 2019 and 2018, respectively. The company cannot assure that the company will ever earn revenues sufficient to support its operations, or that the company will ever be profitable. In order to continue its operations, Inpixon has supplemented the revenues the company earned with proceeds from the sale of its equity and debt securities and proceeds from loans and bank credit lines. Furthermore, except for its Payplant facility, Inpixon has no committed source of financing and the company cannot assure that the company will be able to raise money as and when the company need it to continue its operations. If the company cannot raise funds as and when the company need them, the company may be required to scale back its business operations by reducing expenditures for employees, consultants, business development and marketing efforts, selling assets or one or more products in its business, or otherwise severely curtailing its operations. 12 12 13 -Approximately 95% of its IPA segment purchase orders are recurring SaaS contracts and 4% are license based. The company find that its public sector customers prefer the licensing model approach while private sector companies are opting for the SaaS model. However, the sales mix can fluctuate significantly from quarter to quarter. 14 14 15 -== InfrastructureSegment ==95 +== Reverse Stock Split == 16 16 17 - The company'sprofessional services group provides consulting services ranging fromenterprisearchitecturedesignto custom application development to data modeling. The companyoffer a full scope of information technologydevelopmentandimplementationservices with expertisein a broad range of IT practicesincludingprojectdesign and management,systemsintegration, outsourcing, independentvalidationand verification,cybersecurity and more.97 +On January 7, 2020, the company effected a 1-for-45 reverse split of its outstanding common stock. 18 18 19 -Inpixon has many key vendor, technology, wholesale distribution and strategic partner relationships. These relationships are critical for it to deliver solutions to its customers. Inpixon has a variety of vendors and also products that the company provide to its customers, and most of these products are purchased through the distribution partners. The company also have partnerships and teaming agreements with various technology and service providers for this segment as well as its other business segments. These relationships range from joint-selling activities to product integration efforts. Inpixon has been facing serious credit challenges with these vendors given its financial circumstances but are working on solving these issues as the company move forward and improve its liquidity. 20 20 21 - Inadditionits business is required to meet certainregulatoryrequirements.The company's federal government customers inparticular have a range of regulatoryrequirements including ITARcertifications, DCAA compliancy in its governmentcontracts and other technical or security clearance requirements as may be required from time to time.100 +== January 2019 Capital Raise == 22 22 23 - The companyexperiencedaet loss ofapproximately$6.2millionforthe three months ended March 31,2018. The companycannot assurethat the companywillever earn revenuessufficienttosupportits operations,orthatthecompanywilleverbeprofitable.In orderto continueits operations, Inpixon has supplementedtherevenuesthe companyearnedwithproceeds from the sale ofitsequityand debt securitiesnd proceedsfromloans and bank creditlines. TheCompanyhasraisedanaggregateof grossproceedsof $31.3million inequitycapitalso far in2018andlsohasavailabilityon itsPayplantfacility. However,the companycannotassure thatthe companywill beable toraiseoney inhefuturef andwhenthe companyneed it toontinueitsoperations.Ifthecompanycannot raisefundsas and when the companyneedthem,the companymay be requiredtoscalebackits businessoperations byreducing expendituresformployees, consultants, businessdevelopmentandmarketingefforts,selling assetsorneormoresegmentsof its business,or otherwiseseverelycurtailingits operations.102 +On January 15, 2019, in a rights offering, the company issued and sold an aggregate of 12,000 units consisting of an aggregate of 12,000 shares of Series 5 Convertible Preferred Stock and 80,000 warrants to purchase common stock exercisable for one share of common stock at an exercise price of $149.85 per share in accordance with the terms and conditions of a warrant agency agreement, resulting in gross proceeds to the Company of approximately $12 million, and net proceeds of approximately $10.77 million after deducting expenses relating to dealer-manager fees and expenses, and excluding any proceeds received upon exercise of any warrants. 24 24 25 - Inorder tostreamlineitsbusinessthe company currentlyplantospin-offits Infrastructuresegmentorvalue-addedreseller(“VAR”) business,whichisconductedprimarily by InpixonUSA and its wholly-ownedsubsidiaryInpixonFederal,Inc. The spin-offof thisbusinesssegmentwouldsignificantlyreduceits revenues since theyaccountforapproximately91%ofitstotalrevenues,however,such aspin-offwouldalsosignificantlyreduceoperatingexpenses andeliminate substantiallyall ofitstradedebt.The spin-offofthissegment wouldallow Inpixonto solelyfocusontheIndoorPositioningAnalytics businessforwhich Inpixonhashistoricallyrecognizedlower revenues,butwhich thecompanybelieve has greater growth potential andsubstantiallybetter grossmarginsthantheinfrastructure segment. The spin-offwouldbebeneficialto InpixonUSAand InpixonFederal, Inc.aswellbecausetheycouldfocustheir resources ontheircore businesswithouttheburden ofInpixon andcould reachprofitability sooner.104 +Following the rights offering, the conversion price of the Series 4 Convertible Preferred Stock was reduced to the floor price of $223.20, the exercise price of the warrants issued in the April 2018 public offering were also reduced to the floor price of $223.20 and the number of shares issuable upon exercise of such warrants was increased to 61,562 shares of common stock. The maximum deemed dividend under the Series 4 Convertible Preferred Stock has been recognized so there is no accounting effect from the conversion price reduction of the Series 4 Convertible Preferred Stock. However, the Company recorded a $1.3 million deemed dividend for the reduction to the exercise price of the April 2018 warrants. As of December 31, 2019, there were 126 shares of Series 5 Convertible Preferred Stock outstanding. 26 26 27 -On April 23, 2018, the Company issued a press release announcing the filing of a Form 10 registration statement with the SEC in connection with the planned spin-off of its wholly-owned subsidiary, Inpixon USA (including its subsidiary, Inpixon Federal, Inc.), which is expected to be renamed “Sysorex, Inc.” (“Sysorex”) following the consummation of the spin-off transaction. Following the spin-off there will be two distinct, publicly traded companies, Inpixon and Sysorex. 28 28 29 - Inorder to effect the proposed transaction, Inpixon intends to distribute shares of Sysorex’s common stock as a dividend to holders of Inpixon’s common stock and certain other holders of Inpixon warrants that may be entitled to participate in the distribution as of a record date to be determined.Thespin-off is subject to certain conditions, including, without limitation, the effectiveness of a Form 10 registration statement with SEC, the approval forquotation of Sysorex’s common stock on the OTCQB Venture Market operated by OTC Markets Group, Inc., final approval from Inpixon’s Board of Directors and other customary conditions.No assurance can be provided as to the timing of the completion of the spin-off or that all conditions to the spin-off will be met. Furthermore, until the distribution has occurred, Inpixon will have the right to terminate the distribution, even if all of the conditions are satisfied.107 +== GTX Acquisition == 30 30 31 - =RecentEvents=109 +On June 27, 2019, Inpixon completed its acquisition of certain assets of GTX, consisting of a portfolio of GPS technologies and intellectual property (the “Assets”). The Assets were acquired for aggregate consideration consisting of (i) $250,000 in cash delivered at the closing and (ii) 22,223 shares of Inpixon’s restricted common stock. The total recorded purchase price for the transaction was $900,000, which consisted of the cash paid of $250,000 and $650,000 representing the value of the stock issued upon closing. 32 32 33 -**January 2018 Capital Raise** 34 34 35 - OnJanuary 5, 2018, the Company enteredinto a SecuritiesPurchase Agreement(the “January 2018 SPA”) with certain investors pursuant to which the Companyagreed to sell, in a registered direct offering, an aggregate of 599,812 shares (the “January 2018 Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”), at a purchase price of $5.31 pershare for aggregate gross proceeds of approximately $3,185,000. Concurrently with the saleof the January2018 Shares, pursuant to the January 2018 SPA the Company also sold warrants to purchase up to 599,812 shares of Common Stock (the “January 2018 Warrants”). The aggregate gross proceeds for the sale of the January 2018 Shares and January 2018 Warrants was approximately $3.2 million. This offering closed on January 8, 2018.112 +== Jibestream Acquisition == 36 36 37 - The January2018Warrants became exercisableonFebruary2,2018(the “January2018WarrantInitialExerciseDate”),at anexercisepricepershareequalto$6.60, subject tocertain adjustmentspursuanttothe terms oftheJanuary2018Warrants(the“January2018WarrantExercisePrice”), andwillexpire onthefifth anniversaryoftheJanuary2018 WarrantInitialExerciseDate.Asaresult of aDilutiveIssuance(asdefinedin the January2018Warrants)as ofFebruary20,2018, theJanuary2018WarrantExercisePricewasadjustedto thefloorpriceof$3.00per sharepursuantto theJanuary2018Warrants.114 +On August 15, 2019, Inpixon, through its wholly owned subsidiary, Inpixon Canada as purchaser (the “Purchaser”), completed its acquisition of Jibestream for consideration consisting of: (i) CAD $5,000,000, plus an amount equal to all cash and cash equivalents held by Jibestream at the closing, minus, if a negative number, the absolute value of the Estimated Working Capital Adjustment (as defined in the acquisition agreement), minus any amounts loaned by the Purchaser to Jibestream to settle any Indebtedness (as defined in the Purchase Agreement) or other fees, minus any cash payments to the holders of outstanding options to settle any in-the-money options, minus the deferred revenue costs of CAD $150,000, and minus the costs associated with the audit and review of the financial statements of Jibestream required by the Purchase Agreement (collectively, the “Estimated Cash Closing Amount”); plus (ii) 176,289 shares of the Company’s common stock which was equal to CAD $3,000,000 converted to U.S. dollars based on the exchange rate at the time of the closing, divided by $12.4875 which was the price per share at which shares of the Company’s common stock were issued in the Company’s public offering on August 12, 2019 (“Inpixon Shares”). 38 38 39 -**Reverse Stock Split** 40 40 41 - Ata meeting of its stockholders held onFebruary 2, 2018,its stockholders holdingamajority of its outstanding voting power approved an amendment to its Articles of Incorporation to effectareverse stock splitofits Common Stock at an exchange ratio between 1-for -5 and 1-for-60 withits Board of Directors retaining the discretion as to whether to implement the reverse stock split and the exact exchange ratio to implement. The Board of Directorsapproved the implementation of a reverse stock split at a ratio of 1 for 30 effective as of February 6, 2018.117 += Financial Highlights = 42 42 43 - **February 2018PublicOffering**119 +Revenues for the year ended December 31, 2019 were $6.3 million compared to $3.8 million for the comparable period in the prior year for an increase of $2.5 million, or approximately 68%. Revenues increased from the comparable period due to an increase in its IPA product and services revenues and by approximately $750,000 of mapping product revenue. 44 44 45 - On February 20, 2018, theCompany completeda publicofferingforapproximately $18 million in securities,consisting of(i) an aggregateof 3,325,968 Class A Units, at a priceto thepublic of $2.35 perClass A Unit,each consisting of oneshareof Common Stock, and a five-yearwarranttopurchaseone shareof Common Stock, and (ii)10,184.9752Class B Units,at aprice tothe public of$1,000per Class B Unit, each consistingofne shareoftheCompany’s newly designatedSeries 3 ConvertiblePreferred Stock, parvalue$0.001 per share(“Series3 Preferred”), withatatedvalueof $1,000and initially convertibleintoapproximately426sharesof Common Stockat a conversionpriceof $2.35 per sharefor up to anaggregateof4,334,032shares of CommonStockandwarrantsexercisable for thenumberofsharesof CommonStock into which theshares of Series3 Preferredisnitially convertible.Thewarrants (“February2018 Warrant”) were immediatelyexercisableat an exerciseprice of $3.50per share (subject to adjustment).121 +Cost of revenues for the year ended December 31, 2019 were $1.6 million compared to $1.1 million for the comparable period in the prior year. This increase of $533,000, or approximately 50%, was primarily attributable the increase in IPA revenue and revenues from the Jibestream acquisition during the year ended December 31, 2019. 46 46 47 -The Companyreceived approximately$18millionin gross proceedsfromthisoffering,including thesatisfaction of approximately$1millioninamounts payable toserviceproviders.Aftersatisfying themounts due to serviceproviders anddeductingplacementagent fees,thenetcash proceedsfrom thisofferingwasapproximately $15.4 million. The Company usedthe net proceedsfromthetransactionsforworkingcapitalandgeneralcorporatepurposes,includingresearchandvelopmentandsales and marketing.123 +The gross profit margin for the year ended December 31, 2019 was 74% compared to 71% for the year ended December 31, 2018. This increase in margin is primarily due to the sales mix of products and services sold during the year ended December 31, 2019. 48 48 49 - The sharesofSeries3 Preferredissuedinthisoffering haveallbeenconvertedintoCommonStock. As aresultoftheApril2018 offeringdescribed below as of April24, 2018,the exerciseprice oftheFebruary2018 Warrantswasadjustedto thefloor price of$0.634per share andtheumberofharesof commontock underlyingtheFebruary2018 Warrants was increasedto anaggregateof 42,287,102 sharesofcommonstock.125 +Operating expenses for the year ended December 31, 2019 were $25.5 million and $21.1 million for the comparable period ended December 31, 2018. This increase of $4.4 million is primarily attributable to $1.2 million of higher acquisition costs, approximately $1.2 million of Jibestream’s operating expenses, approximately $2.0 million of higher stock based compensation expense offset by $690,000 of deconsolidation costs of the Sysorex entities that was incurred in the year ended December 31, 2018. 50 50 51 - **April2018PublicOffering**127 +Other income/expense for the year ended December 31, 2019 was a loss of $13.8 million compared to a loss of $1.4 million for the comparable period in the prior year. This increase in loss of $12.4 million is primarily attributable to a $10.6 million fair value adjustment related to the uncertainty of being repaid in connection with that certain note receivable from Sysorex, which has been classified as “held for sale” and for which the Company has established a full valuation allowance, the interest income from a related party note offset by an increase in interest expense and debt discount on promissory notes in the year ended December 31, 2019. The need for future fair value adjustments in connection with its note receivable from Sysorex will be dependent on Sysorex’s performance vis-à-vis its current financial projections. 52 52 53 - On April 24, 2018, theCompanycompletedapublic offering consistingof10,115unitsat apriceto thepublicof $1,000perunit,each consistingof(i) one share ofits newlydesignatedSeries4convertiblepreferredstock,paralue$0.001pershare(the“Series4 Preferred”),withaatedvalueof $1,000andinitiallyconvertibleintoapproximately2,174sharesofCommonStock,at a conversionpriceof$0.46 perhare(subjecttoadjustment)and(ii)onewarranttopurchaseuch numberof sharesofCommonStockaseach shareofSeries4 Preferredis convertible into. Thewarrantsare immediatelyexercisableat anexercisepriceof$0.67 pershare(subject toadjustment).129 +There was an income tax benefit of $584,000 for the year ended December 31, 2019 related to the acquisition of intangibles and net operating losses of Locality and Jibestream. There was no provision for income taxes for the year ended December 31, 2018 as the Company was in a net taxable loss position. Deferred tax assets resulting from such losses are fully reserved as of December 31, 2019 and 2018 for Inpixon and Inpixon Canada since, at present, the Company has no history of taxable income and it is more likely than not that such assets will not be realized. 54 54 55 - TheSeries 4 Preferred contain an anti-dilution protection feature,toadjust the conversion price if shares of Common Stock are sold or issuedfor a considerationper share less thanthe conversion price then in effect (subject tocertainexemptions), provided, that the conversion price willnot be less than $0.124. In addition, on the 60th day followingthe original issuance dateof the Series4 Preferred,theconversionpricewill be reduced, andonly reduced,to thelesser of (x) the thenconversion price, asmaybeadjusted,and (y) 80%of the VWAP (as definedinthe certificate of designationfiledfor the Series 4 Preferred) on the tradingdayimmediately prior to the 60th day,provided that the conversionpricewill notbeess than $0.124.131 +Net gain attributable to non-controlling interest for the years ended December 31, 2019 and 2018 was $9,000 and $11,000, respectively. 56 56 57 - TheCompanyreceivedapproximately$10.1 millionin gross proceeds fromthis offering,beforedeductingplacementagentfeesandofferingexpenses payablebythe Company.Afterdeductingplacementagentfees andexpenses,thenetproceedsfromthisoffering werepproximately$9.2million.TheCompany intendstousethenetproceeds fromthis offering for workingcapital, generalcorporate purposes (including researchanddevelopment,salesandmarketingandthesatisfaction ofoutstandingamountspayable toits vendorsin connection with tradepayables). Additionally,theCompanymayuse a portionof thenetproceedsof thisofferingto finance acquisitionsof,or investmentsin, competitiveandcomplementarybusinesses, productsor servicesasapartofits growthstrategy. However,theCompanydoesnothaveany currentcommitmentswith respecttoanysuchacquisitionsorinvestments.133 +Net loss attributable to stockholders for the year ended December 31, 2019 was $34.0 million compared to $24.6 million for the comparable period in the prior year. This increase in loss of $9.4 million was primarily attributable to the $10.6 million fair value adjustment related to the uncertainty of being repaid in connection with that certain note receivable from Sysorex, which has been classified as “held for sale” and for which the Company has established a full valuation allowance, higher operating and interest expense offset by higher margin IPA revenue during the year ended December 31, 2019. 58 58 135 + 136 += Recent developments = 137 + 138 +**Inpixon Enters Contract for Nearly One Million Square Feet of Mapping at Headquarters of One of the World's Largest Public Companies** {{footnote}}https://ir.inpixon.com/news-events/press-releases/detail/177/inpixon-enters-contract-for-nearly-one-million-square-feet{{/footnote}} 139 + 140 +DECEMBER 18, 2020 Inpixon today announced that Inpixon Mapping has been selected as part of a workplace experience solution for a leading medical technology provider, one of the world's largest public companies, to provide intelligent, multi-dimensional digital maps. Inpixon Mapping is currently contracted for deployment throughout the organization's headquarters campus comprised of dozens of buildings covering nearly one million square feet. 141 + 142 +Inpixon Mapping will be used to visualize locations throughout the organization's headquarters in a multi-layered digital map and operate in conjunction with additional technologies to support a comprehensive workplace experience application. The solution will offer wayfinding and room-booking capabilities as well as allow management to provide additional workforce productivity features. The application is intended to improve productivity by saving time moving within and between campus buildings with intelligent mobile phone-based Inpixon wayfinding and navigation. The terms of the agreement include both one-time professional services revenue, as well as recurring revenue associated with the mapping platform license. 143 + 144 +Nadir Ali, Chief Executive Officer, commented, "Inpixon is very pleased to have its Inpixon Mapping platform selected by one of the world's largest medical device companies to provide dynamic digital maps of its sizable headquarters. The company's mapping will provide the organization an interactive representation of its large campus that enables indoor and outdoor wayfinding and navigation that leverages business rules, creating real-time indoor intelligence and enhancing the overall employee workplace experience through a user-friendly application. 145 + 146 +"Scalable, location-aware applications with indoor maps and related capabilities can be an essential part of a productive workplace experience. Indoor Intelligence provides valuable information for management and can be used in conjunction with its Workplace Readiness solutions to aid in creating a safer environment. The company look forward to deploying its indoor mapping technology across this organization's headquarters campus with the goal to expand into additional locations." 147 + 148 + 149 +**Inpixon Releases Enhanced Inpixon Aware Security Solution **{{footnote}}https://ir.inpixon.com/news-events/press-releases/detail/178/inpixon-releases-enhanced-inpixon-aware-security-solution{{/footnote}} 150 + 151 +JANUARY 05, 2021; Inpixon, today announced its latest release of Inpixon Aware, the company's indoor security solution. The award-winning Inpixon Aware provides organizations with a highly-scalable situational awareness and wireless detection solution within a single, near real-time dashboard enabling management to make key decisions around security, risk mitigation and safety. The latest version, Inpixon Aware 5.17, includes improved ultra-wideband (UWB) wireless device detection and positioning, advanced mitigation of RF noise, IPv6 support for the latest generation of Inpixon sensors, and additional enhancements. 152 + 153 +Inpixon Aware, previously known as ZoneDefense, is designed to help corporate enterprises and governmental agencies combat theft of confidential information and to enhance safety and operational efficiency by providing visibility into the location of wireless devices, people and critical assets within indoor spaces. Inpixon Aware uses radio frequency (RF) sensors to detect and locate active Wi-Fi, Bluetooth, cellular and UWB wireless transmissions emanating from phones, smartwatches, tablets, computers, access points, IoT devices and more. Security personnel can locate unauthorized wireless devices, enforce no-phones zones, geofence areas to receive alerts when devices move into and out of the zones, trigger mobile device management (MDM) policies that restrict usage in high-security areas, and whitelist wireless medical devices such as hearing aids and pacemakers. The solution can also be utilized to monitor the location of visitors to the facility and to locate key personnel and assets in order to enhance security and situational awareness. 154 + 155 +Nadir Ali, Inpixon CEO noted, "Security-conscious organizations including global enterprises, financial institutions, legal firms, transportation companies, and government agencies can use Inpixon Aware to discover wireless listening devices placed by bad actors, locate unescorted visitors, pinpoint cell phone use in unauthorized areas, and uncover unauthorized wireless access points brought into the office by employees. These capabilities and others can enhance the security posture, improve incident response, facilitate investigations, and reduce manpower requirements. The release of its latest enhancements reinforces its commitment to staying at the forefront of the industry and providing customers the most comprehensive security solution to assist organizations in making key decisions to create a safer and secure environment for personnel, visitors and assets." 156 + 157 + 59 59 = References = 60 60 61 61 {{putFootnotes/}}
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... ... @@ -1,0 +1,2 @@ 1 +Recent investor presentation 2 +https://d1io3yog0oux5.cloudfront.net/_8a266bbc8edb33ff066821b6b1dbb648/inpixon/db/776/6723/pdf/INPX-Inpixon-Investor-Deck-+Sept+2020.pdf - Date
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