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5		-= Business Overview =
	5	+= Overview =
6	6
7		-Inpixon (INPX) provide a number of different technology products and services to private and public sector customers. Effective January 1, 2017 the Company has changed the way it analyzes and assesses divisional performance of the Company. The Company has therefore re-aligned its operating segments along those division business lines and now operates in two segments, namely Indoor Positioning Analytics and Infrastructure. The company's premier proprietary product secures, digitizes and optimizes the 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 services that the company provide include enterprise computing and storage, virtualization, business continuity, data migration, custom application development, networking and information technology, and business consulting services.{{footnote}}https://fintel.io/doc/sec-inpx-inpixon-10k-2018-march-27-17950{{/footnote}}
	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	8
9		-== Indoor Positioning Analytics Segment ==
	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	10
11		-Revenues from its Indoor Positioning Analytics (“IPA”) segment were $848,000 for the first quarter of 2018. The company's IPA segment does have long sales cycles which are a 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 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 2018 as its customer base moves from innovators to mainstream customer adoption. The sales cycle is also improving with the increased presence and awareness of beacon and Wi-Fi locationing technologies in the market. IPA segment sales can be licensed based with government customers but are primarily on a SaaS model with commercial customers. The company's other SaaS products include cloud-based applications for media customers, which allow it to generate industry analytics that complement its indoor-positioning solutions.
	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	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.
	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	14
15		-== Infrastructure Segment ==
16	16
17		-The company's professional services group provides consulting services ranging from enterprise architecture design to custom application development to data modeling. The company offer a full scope of information technology development and implementation services with expertise in a broad range of IT practices including project design and management, systems integration, outsourcing, independent validation and verification, cyber security and more.
	16	+== Corporate Structure ==
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.
	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.
20	20
21		-In addition its business is required to meet certain regulatory requirements. The company's federal government customers in particular have a range of regulatory requirements including ITAR certifications, DCAA compliancy in its government contracts and other technical or security clearance requirements as may be required from time to time.
22	22
23		-The company experienced a net loss of approximately $6.2 million for the three months ended March 31, 2018. 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. The Company has raised an aggregate of gross proceeds of $31.3 million in equity capital so far in 2018 and also has availability on its Payplant facility. However, the company cannot assure that the company will be able to raise money in the future if 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 segments of its business, or otherwise severely curtailing its operations.
	21	+== Product and Technology ==
24	24
25		-In order to streamline its business the company currently plan to spin-off its Infrastructure segment or value-added reseller (“VAR”) business, which is conducted primarily by Inpixon USA and its wholly-owned subsidiary Inpixon Federal, Inc. The spin-off of this business segment would significantly reduce its revenues since they account for approximately 91% of its total revenues, however, such a spin-off would also significantly reduce operating expenses and eliminate substantially all of its trade debt. The spin-off of this segment would allow Inpixon to solely focus on the Indoor Positioning Analytics business for which Inpixon has historically recognized lower revenues, but which the company believe has greater growth potential and substantially better gross margins than the infrastructure segment. The spin-off would be beneficial to Inpixon USA and Inpixon Federal, Inc. as well because they could focus their resources on their core business without the burden of Inpixon and could reach profitability sooner.
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.
	24	+Indoor Intelligence Platform
28	28
29		-In order 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. The spin-off is subject to certain conditions, including, without limitation, the effectiveness of a Form 10 registration statement with SEC, the approval for quotation 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.
30	30
31		-= Recent Events =
	27	+Indoor Mapping
32	32
33		-**January 2018 Capital Raise**
	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.
34	34
35		-On January 5, 2018, the Company entered into a Securities Purchase Agreement (the “January 2018 SPA”) with certain investors pursuant to which the Company agreed 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 per share for aggregate gross proceeds of approximately $3,185,000. Concurrently with the sale of the January 2018 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.
36	36
37		-The January 2018 Warrants became exercisable on February 2, 2018 (the “January 2018 Warrant Initial Exercise Date”), at an exercise price per share equal to $6.60, subject to certain adjustments pursuant to the terms of the January 2018 Warrants (the “January 2018 Warrant Exercise Price”), and will expire on the fifth anniversary of the January 2018 Warrant Initial Exercise Date. As a result of a Dilutive Issuance (as defined in the January 2018 Warrants) as of February 20, 2018, the January 2018 Warrant Exercise Price was adjusted to the floor price of $3.00 per share pursuant to the January 2018 Warrants.
	32	+Indoor Positioning
38	38
39		-**Reverse Stock Split**
	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.
40	40
41		-At a meeting of its stockholders held on February 2, 2018, its stockholders holding a majority of its outstanding voting power approved an amendment to its Articles of Incorporation to effect a reverse stock split of its Common Stock at an exchange ratio between 1-for -5 and 1-for-60 with its 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 Directors approved the implementation of a reverse stock split at a ratio of 1 for 30 effective as of February 6, 2018.
42	42
43		-**February 2018 Public Offering**
	37	+Indoor Security
44	44
45		-On February 20, 2018, the Company completed a public offering for approximately $18 million in securities, consisting of (i) an aggregate of 3,325,968 Class A Units, at a price to the public of $2.35 per Class A Unit, each consisting of one share of Common Stock, and a five-year warrant to purchase one share of Common Stock, and (ii) 10,184.9752 Class B Units, at a price to the public of $1,000 per Class B Unit, each consisting of one share of the Company’s newly designated Series 3 Convertible Preferred Stock, par value $0.001 per share (“Series 3 Preferred”), with a stated value of $1,000 and initially convertible into approximately 426 shares of Common Stock at a conversion price of $2.35 per share for up to an aggregate of 4,334,032 shares of Common Stock and warrants exercisable for the number of shares of Common Stock into which the shares of Series 3 Preferred is initially convertible. The warrants (“February 2018 Warrant”) were immediately exercisable at an exercise price of $3.50 per share (subject to adjustment).
	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.
46	46
47		-The Company received approximately $18 million in gross proceeds from this offering, including the satisfaction of approximately $1 million in amounts payable to service providers. After satisfying the amounts due to service providers and deducting placement agent fees, the net cash proceeds from this offering was approximately $15.4 million. The Company used the net proceeds from the transactions for working capital and general corporate purposes, including research and development and sales and marketing.
48	48
49		-The shares of Series 3 Preferred issued in this offering have all been converted into Common Stock. As a result of the April 2018 offering described below as of April 24, 2018, the exercise price of the February 2018 Warrants was adjusted to the floor price of $0.634 per share and the number of shares of common stock underlying the February 2018 Warrants was increased to an aggregate of 42,287,102 shares of common stock.
	42	+Indoor Analytics
50	50
51		-**April 2018 Public Offering**
	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.
52	52
53		-On April 24, 2018, the Company completed a public offering consisting of 10,115 units at a price to the public of $1,000 per unit, each consisting of (i) one share of its newly designated Series 4 convertible preferred stock, par value $0.001 per share (the “Series 4 Preferred”), with a stated value of $1,000 and initially convertible into approximately 2,174 shares of Common Stock, at a conversion price of $0.46 per share (subject to adjustment) and (ii) one warrant to purchase such number of shares of Common Stock as each share of Series 4 Preferred is convertible into. The warrants are immediately exercisable at an exercise price of $0.67 per share (subject to adjustment).
54	54
55		-The Series 4 Preferred contain an anti-dilution protection feature, to adjust the conversion price if shares of Common Stock are sold or issued for a consideration per share less than the conversion price then in effect (subject to certain exemptions), provided, that the conversion price will not be less than $0.124. In addition, on the 60th day following the original issuance date of the Series 4 Preferred, the conversion price will be reduced, and only reduced, to the lesser of (x) the then conversion price, as may be adjusted, and (y) 80% of the VWAP (as defined in the certificate of designation filed for the Series 4 Preferred) on the trading day immediately prior to the 60th day, provided that the conversion price will not be less than $0.124.
	47	+Sensors For Detection and Positioning
56	56
57		-The Company received approximately $10.1 million in gross proceeds from this offering, before deducting placement agent fees and offering expenses payable by the Company. After deducting placement agent fees and expenses, the net proceeds from this offering were approximately $9.2 million. The Company intends to use the net proceeds from this offering for working capital, general corporate purposes (including research and development, sales and marketing and the satisfaction of outstanding amounts payable to its vendors in connection with trade payables). Additionally, the Company may use a portion of the net proceeds of this offering to finance acquisitions of, or investments in, competitive and complementary businesses, products or services as a part of its growth strategy. However, the Company does not have any current commitments with respect to any such acquisitions or investments.
	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.
58	58
	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	+
	79	+
	80	+
	81	+Third-Party Sensors
	82	+
	83	+These third-party sensors seamlessly integrate into Inpixon’s location-aware solutions.
	84	+
	85	+
	86	+.
	87	+
	88	+Bluetooth Long-Range Sensor
	89	+
	90	+Footfall Counter XVS
	91	+
	92	+
	93	+Business Overview
	94	+
	95	+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://fintel.io/doc/sec-trxc-transenterix-10k-2018-march-08-17952{{/footnote}}
	96	+
	97	+[[https:~~/~~/ir.inpixon.com/sec-filings/all-sec-filings/content/0001213900-20-005326/0001213900-20-005326.pdf>>url:https://ir.inpixon.com/sec-filings/all-sec-filings/content/0001213900-20-005326/0001213900-20-005326.pdf]]
	98	+
	99	+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
	100	+
	101	+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.
	102	+
	103	+Reverse Stock Split
	104	+
	105	+On January 7, 2020, the company effected a 1-for-45 reverse split of its outstanding common stock.
	106	+
	107	+January 2019 Capital Raise
	108	+
	109	+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.
	110	+
	111	+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.
	112	+
	113	+GTX Acquisition
	114	+
	115	+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.
	116	+
	117	+Jibestream Acquisition
	118	+
	119	+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”).
	120	+
	121	+
	122	+Financial Highlights
	123	+
	124	+
	125	+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.
	126	+
	127	+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.
	128	+
	129	+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.
	130	+
	131	+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.
	132	+
	133	+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.
	134	+
	135	+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.
	136	+
	137	+Net gain attributable to non-controlling interest for the years ended December 31, 2019 and 2018 was $9,000 and $11,000, respectively.
	138	+
	139	+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.
	140	+
	141	+
	142	+Recent developments
	143	+
	144	+Inpixon Enters Contract for Nearly One Million Square Feet of Mapping at Headquarters of One of the World's Largest Public Companies
	145	+
	146	+[[https:~~/~~/ir.inpixon.com/news-events/press-releases/detail/177/inpixon-enters-contract-for-nearly-one-million-square-feet>>url:https://ir.inpixon.com/news-events/press-releases/detail/177/inpixon-enters-contract-for-nearly-one-million-square-feet]]
	147	+
	148	+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.
	149	+
	150	+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.
	151	+
	152	+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.
	153	+
	154	+"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."
	155	+
	156	+Inpixon Releases Enhanced Inpixon Aware Security Solution
	157	+
	158	+[[https:~~/~~/ir.inpixon.com/news-events/press-releases/detail/178/inpixon-releases-enhanced-inpixon-aware-security-solution>>url:https://ir.inpixon.com/news-events/press-releases/detail/178/inpixon-releases-enhanced-inpixon-aware-security-solution]]
	159	+
	160	+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.
	161	+
	162	+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.
	163	+
	164	+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."
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59	59	= References =
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