Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. I am not receiving compensation for it (other than from Seeking Alpha). In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. The only clear losers in all of this seemed to be anyone in the investing public who bought into the news and took a bath in the ensuing share price collapse. I wrote this article myself, and it expresses my own opinions. The all-time high Inpixon stock closing price was 100000000.00 on November 04, 2013.; The Inpixon 52-week high stock price is 41.35, which is 2436.8% above the current share price. Wall crossing offerings can serve a useful purpose in the market. Accurately pinpoint the location of people or assets inside a building. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Turn your data into intelligence with AI-powered analytics. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Is this happening to you frequently? The company states it has an industry leading dataset including 37,000+ mapped golf courses, and 250 million rounds tracked in 125+ countries by 200,000+ users. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. There's a saying in the investment world that past performance is not indicative of future results. Please disable your ad-blocker and refresh. 25 sec 4.4): The Company shall, by 9:00 a.m. (New York City time) on January 9, 2018, (a) file a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby, including the Transaction Documents as exhibits thereto, with the Commission (the Form 8-K) and (b) issue the press release of the Company that was previously disclosed to the Purchasers (the Press Release). During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Inpixon is on a mission to do good with indoor data. save. 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. The. The person receiving an illegal tip must pay the market price for shares. Marketing materials are limited to an issuers exchange act or other public filings or to a road show type presentation that is viewed by pre-cleared investors. If in 5 years, the micro and small cap markets devolve into a web of dubious wall-crossing offerings this little deal may mark a point in time where it all began. Below, we examine the compound annual growth rate CAGR for short of an investment into Inpixon shares, starting with a $10,000 purchase of INPX, presented on a split-history-adjusted basis factoring in the complete INPX split history. Is this happening to you frequently? 5. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. Mr. Clemmer served as CEO and executive director of NXP Semiconductors from 2009 until May 2020 and continues to serve as a strategic advisor to NXP. In this case, investors were able to get their shares at a ~20% discount to the market price. Please disable your ad-blocker and refresh. Please. Following publication of any report or letter, we may transact in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Filings suggest that is exactly what happened. In connection with the proposed Business Combination, CXApp will file with the SEC a registration statement on Form S-1 (the "Form S-1") registering shares of CXApp common stock, and KINS will file with the SEC a registration statement on FormS-4(the "Form S-4") registering shares of KINS common stock, warrants and certain equity awards. ; The Inpixon 52-week low stock price is 1.58, which . INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. Accurately pinpoint the location of people or assets inside a building. However, such information is presented as is, without warranty of any kind whether express or implied. Game Your Game is a sports performance data analytics technology company predominantly focused on the golf industry, and its assets include multiple patents issued and pending. ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Subscriber Agreement & Terms of Use | Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. . 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. I have no business relationship with any company whose stock is mentioned in this article. Something went wrong while loading Watchlist. Introducing Inpixon! The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. If you have an ad-blocker enabled you may be blocked from proceeding. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. Mr. Clemmer is a co-investor in Game Your Game. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. For real-time updates on INPX, beat the news and login or try Benzinga Pro. IPAS Split History The Indoor Positioning Analytics segment includes Inpixon's proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. For the nine months ended September 30, 2017, Inpixon incurred a net loss of approximately $27.1 million and had a working capital deficiency of approximately $30.8 million. The person receiving an illegal tip has to purchase or sell shares in the open market, and thus cant get a hold of more shares than actually exist at the time, unlike in this instance. Thanks to the multiple reverse splits and five years of constant tanking, the chart looks like a ski slope where the skier has been burning on asphalt for two years. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. Discuss. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. No. Working hard is key but so is taking care of yourself and your community. Hot. "As previously disclosed, we have undertaken a number of significant initiatives aimed at increasing stockholder value, including: (i) reducing corporate expenses to streamline operations; (ii) entering into a definitive agreement for the planned spin-off and sale of our newly formed subsidiary, CXApp Holding Corp., for shares in KINS Technology Group, Inc. (Nasdaq: KINZ; KINZW), valued at approximately $69 million to be issued to our securityholders as of a to be determined record date; and (iii) entry into a non-binding letter of intent with a third party involving the remainder of our business. The company also named Richard "Rick" Clemmer, former CEO of NXP Semiconductors, a leading provider of embedded controllers for industrial internet of things (IIoT), mobile, and communications infrastructure with 2020 revenues of $8.6 billion, to Inpixon's board of advisors. We found no mention of blockchain in the actual prospectus documents for the private placement. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. Create situational awareness with precise indoor positioning and wireless device detection. I have no long or short position in INPX and likely never will. In 2018, a well-known short seller fund named Hindenburg Investment Research wrote an investigative report on one of INPX's raises with Roth Capital called "Inpixon: If This Sketchy Deal Is Legal The Public Markets May Be In Deep Trouble". Investors can use this forecasting interface to forecast Inpixon historical stock prices and determine the direction of Inpixon's future trends based on various well-known forecasting models. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. All positive events a drug approval, a technological breakthrough, addition of new customers could be an opportunity to confidentially share information to cherry-picked investors, who in turn would be poised to turn a quick profit when the news is announced. to get the full dilutive picture. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. Do Not Sell My Personal Data/Privacy Policy. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. Japans exports log 22nd straight month of growth in December, Elon Musk depicted as liar and visionary in Tesla tweet trial, The wine industrys biggest threat? The company's Indoor Intelligence and mobile app solutions are. For the nine months ended September 30,. Forward-looking statements speak only as of the date they are made. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Posted by 8 months ago. Even with the massive capital raises in the past, there appears to be no end to them in sight. We have no position in Inpixon (NASDAQ:INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. Media relations and general inquiries: Inpixon Email: [email . The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. Here, the leak-out agreement provided that on the date of the blockchain press release the wall crossing investors could not make up more than 35% of the trading volume in the Companys common stock. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. There are not analysts providing consensus earnings estimates for the current fiscal year. The last article on Seeking Alpha on INPX was actually a bullish one, where the author explained the company's M&A strategy for location analytics. Intraday data delayed at least 15 minutes or per exchange requirements. Intraday Data provided by FACTSET and subject to terms of use. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. share. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 26, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced it will acquire a controlling interest of the outstanding capital stock of Game Your Game Inc. ("Game" a.k.a., Game Golf) an app-based sports performance analytics firm using IoT sensors, maps and location technologies. Inpixon Contacts. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. In addition to the latest reverse split, the company has undertaken the following since 2017: A 1-for-40 reverse split in November 2018, A 1-for-30 reverse split in February 2018. Hot New Top. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. KINS's stockholders and Inpixon's stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Find out more about how we use your information in our privacy policy and cookie policy. We believe the best work is done when everyone is fully engaged, and. Rising. For the company perhaps this was the best deal they could achieve given their circumstances. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. what happened to mags in utopia falls. This browser is no longer supported at MarketWatch. . Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. The private placement was done as a registered direct offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 4. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. For context, a lock-up provision prevents someone from selling shares for a specific period of time, while a leak-out provision forces a seller to stagger their sales, either over a period of time or as a percentage of their holdings. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. But you don't have to believe me, just ask the company. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . The Company did not issue a press release announcing the transaction. Blockchain was all the rage during the Inpixon deal's offering period. When autocomplete results are available use up and down arrows to review and enter to select. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. Whether its a small step or a giant leap, we are here for each other to offer support, knowledge and resources, so we can succeed together. I am considering re-entering long INPX but I'm somewhat out of the loop. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. All told, the filing and exhibits comprised 116 pages of nuanced legal material detailing the specifics of an offering that had closed several days earlier, unbeknownst to outside investors until that point. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". My passion and greatest depth of knowledge is on Canadian small cap stocks and I consider my blog posts to be some of my best work. 333-249177) and the Form S-4 (as defined below), the Form S-1 (as defined below), the CXApp registration statement on Form S-1, the proxy statement/prospectus and certain other documents filed or that may be filed by Inpixon, KINS or CXApp from time to time with the SEC following the date hereof. I am not receiving compensation for it (other than from Seeking Alpha).
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