Inpixon (NASDAQ: INPX) is an indoor positioning and data analytics company. Shares surged 53.10% through early trading on Thursday, December 20, 2018. Over the past three months, Inpixon has seen an average daily volume of 365,120 shares. However, through Thursday morning, 8.25 million shares have traded hands, equating to $37.8 million in dollar volume.
Shares jumped Thursday morning after Inpixon announced that in Q4 2018, it shipped a record number of its flagship IPA Sensor model 4000SE, which represents a 100% increase over its highest shipment from any previous quarters. Inpixon has been receiving significant orders of its wall- or ceiling-mounted SKUs and its IPA Portable Sensor Kits (PSK) from a multitude of industries in the US, Canada, Europe, and the Middle East. Nadir Ali, CEO of Inpixon, commented, “This quarter we’ve also proven we can scale production to meet the increased demand. We believe this is important because research firm MarketsandMarkets forecasts this market will grow at 42% CAGR to USD 40.99 Billion by 2022.” Here is the full press release detailing Inpixon’s record shipments in Q4 2018.
Inpixon Press Release:
PALO ALTO, Calif., Dec. 20, 2018 (GLOBE NEWSWIRE) — Inpixon (INPX), a leading indoor positioning and data analytics company, today reported that it has shipped a record number of its flagship IPA Sensor model 4000SE in Q4 2018. The shipments will represent an increase of more than 100% over its highest number of shipments in any prior quarter. The company has seen strong shipments of both wall- or ceiling-mounted SKUs as well as IPA Portable Sensor Kits (PSK) into the U.S., Canada, Europe and the Middle East across a number of industries including government, corrections, high tech, retail, finance, telecom and events.
Increased shipments and a favorable pipeline of prospective sales opportunities can be attributed to a number of factors. Regulators are imposing mandates that government facilities mitigate mobile phone security risk in secure areas (CNSS Directive No 501 is one example). In addition, existing customers are buying additional sensors and owners of previous generation sensors are upgrading to the newer 4000SE sensors. Inpixon reseller partners are also buying IPA for, among other things, installation in demo rooms or for portable demonstration ability.
“I believe the increased shipments validate that the market needs the high level of innovation delivered by our products,” said Nadir Ali, Inpixon CEO. “For example, the sensors from other companies pick up only Wi-Fi…or only Bluetooth; they miss many wireless devices. We believe the market is turning to Inpixon because our sensors see more of the unseen. Inpixon IPA detects and locates Wi-Fi, Bluetooth, cellular and active RFID devices. We also apply advanced algorithms including machine learning artificial intelligence (AI) to deliver faster, more accurate, and more insightful intelligence. This quarter we’ve also proven we can scale production to meet the increased demand. We believe this is important because research firm MarketsandMarkets forecasts this market will grow at 42% CAGR to USD 40.99 Billion by 2022.”
Inpixon (INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA Sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government location worldwide. Inpixon’s products and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on IPA, follow Inpixon on LinkedIn, @InpixonHQ on Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and employees, Inpixon’s ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon’s periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Article By: Andrew Rego