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Thursday, May 19, 2022

Inpixon (INPX) stock is gaining in the after-market. Here’s why

Inpixon (INPX) stock was trading at $0.3284 before the closing of the recent trading session after gaining 10.39% from the previous day’s trading session. On the last check, the INPX stock remained bullish in the after-hours and gained 0.18% to $0.329 per share. The firm was ranked number one by Gartner. INPX also released the fiscal performance for the fiscal year 2021. The firm filed form 10-K with the SEC on 16 March 2022.


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INPX News

The company reported that Gartner has perceived Inpixon across six of six indoor area administrations Use Cases. Inpixon is positioned tied for number one for RTLS and positioned among the main three of fifteen sellers for resource, individuals, and flight risk resource tracking. The CEO of INPX, Nadir Ali commented that they are pleased to be recognized by Gartner in their 2022 report. They accept these new Gartner acknowledgments are further approval of their obligation to the advancement and giving a broad arrangement of solutions that help a wide cluster of purpose cases for associations.

Financials

INPX declared the fiscal performance for the fiscal year 2021, on 11 March 2022. The key highlights of the fiscal performance are

  • The revenue of INPX increased by 72% to $15.9 million in FY21 compared to $9.2 million in the previous year.
  • Moreover, the profit of the company went up by 73.8% in FY21 to $11.6 million versus $6.6 million in FY20.
  • Further, INPX reported a total loss of $70.1 million in FY21 against the total loss of $29.2 million in FY20. This marks an increase of 140%.
  • Besides, the company reported a loss of $0.72 per stock in FY 21as compared to the loss of $1.01 per stock in FY20.

About INPX

Inpixon takes part in the arrangement of indoor positioning and data analytics administrations. The firm offers different programming items for situating, planning, and examining contributions. The foundation utilizes sensor technology to recognize dynamic cells, Wi-Fi, Bluetooth, super wideband (UWB), and Chirp Spread Spectrum (trill) signals produced from gadgets. The firm has a market cap of $40.92 million. INPX has its headquarters in Palo Alto, California, USA.

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