Indoor Intelligence Solutions - Inpixon reported a focus on Indoor Intelligence solutions, leveraging technologies such as positioning, mapping, and analytics to enhance productivity and safety in workplaces [21]. - The company generates revenue from three segments: Indoor Intelligence, Shoom, and SAVES, with Indoor Intelligence revenue derived from hardware, software licenses, and professional services [24]. - The Smart Office App integrates over 75 products, enhancing employee experience through features like desk booking and indoor navigation [26]. - Inpixon's RTLS IoT platform offers real-time location solutions for industrial applications, including vehicle localization and production tracking, enabling significant process optimizations [33]. - The company plans to expand its use of machine learning and AI to improve positioning accuracy and reliability, impacting both commercial and industrial deployments [43]. - Inpixon is investing in R&D to enhance its app capabilities and SDKs, aiming to improve integration with workplace systems and tools [46]. - The corporate strategy includes aggressive acquisitions to build a comprehensive Indoor Intelligence platform, enhancing data collection and insights for workplace environments [48]. - The company aims to leverage LIDAR technology and AR to validate changes in physical spaces against digital twins, enhancing navigation and asset deployment [45]. - Inpixon's analytics platform allows for data visualization from multiple sources, enabling clients to export data to internal business intelligence systems [47]. Financial Performance and Revenue - The company incurred net losses attributable to stockholders of approximately $69.2 million and $29.2 million for the fiscal years ended December 31, 2021 and 2020, respectively, reflecting an increase in loss of approximately $39.9 million [107]. - Revenues increased by 72% compared to the same period in 2020, but were still insufficient to fund operations and cover operating losses [108]. - The company's top three customers accounted for approximately 16% of gross revenue in 2021, down from 43% in 2020, indicating a diversification in the customer base [56]. - The company operates primarily on a SaaS model, generating recurring revenue through 2-3 year contracts, which includes maintenance upgrades [53]. - The company has secured indemnification for certain matters related to acquisitions, but risks associated with historic operations may still adversely affect its business [94]. - The company has a history of operating losses and working capital deficiency, raising concerns about its ability to achieve profitability [87]. - The company does not intend to pay cash dividends to stockholders, limiting potential returns on investment [87]. Acquisitions and Strategic Transactions - The company has made several acquisitions, including the purchase of Locality Systems, Inc. and a portfolio of GPS technologies, to enhance its product offerings and market position [68][69]. - In April 2021, the company acquired over 99.9% of Design Reactor, Inc. (The CXApp), a leading SaaS app platform, and by May 2021, it owned 100% of the outstanding capital stock [76]. - On December 9, 2021, the company, through its subsidiary Nanotron Technologies GmbH, acquired 100% of IntraNav GmbH, a provider of industrial IoT and real-time location systems [77]. - The company has completed several strategic acquisitions since 2014, including Locality, Jibestream, and Nanotron, which may complicate future evaluations of its business [88]. - The company is exploring strategic transactions, including potential asset sales, mergers, or spin-offs, to enhance shareholder value and has received preliminary indications of interest [50]. Risks and Challenges - The COVID-19 pandemic has caused significant volatility and disruptions, impacting supply chains and customer demand, with uncertain future effects on operations [96]. - The company faces risks related to the integration of acquired businesses, which may disrupt current operations and affect financial performance [89]. - The company may need additional capital to support operations, which could involve dilutive equity offerings or unfavorable financing terms [102]. - The company faces risks associated with future acquisitions, including potential disruption to operations and dilution to existing stockholders [114]. - The company is subject to regulatory investigations which could result in increased legal fees and divert management's attention from business operations [125]. - The loss of key personnel, including the CEO, could adversely affect operations and productivity [128]. - Digital threats such as cyber-attacks could disrupt operations and harm the company's reputation, potentially leading to liability issues [147]. - The company faces challenges from natural disasters, public health issues, and political instability that could disrupt manufacturing and impact customer orders [168]. Market and Competitive Environment - The company emphasizes the importance of keeping pace with rapid technological changes to maintain competitiveness and growth prospects [140]. - The company must innovate and develop new products to keep pace with rapidly changing technology and customer requirements, or risk losing market competitiveness [175]. - The newspaper publishing industry is facing challenges, leading to potential negative impacts on the sales of Shoom products, which are focused on this sector [139]. - The company’s growth strategy includes continued acquisitions, which may strain administrative, financial, and operational resources [103]. Stock and Financing - The company may face delisting from the Nasdaq Capital Market if it fails to meet continued listing requirements, including a minimum bid price of $1.00 per share [196]. - The company has received notifications from Nasdaq regarding non-compliance with the minimum bid price requirement, with a 180-day period to regain compliance [198]. - The market price of the company's common stock is likely to be highly volatile, influenced by various external factors [203]. - The company may issue additional common stock to raise capital or satisfy debt obligations, which could materially dilute existing stockholders' interests [211]. - The company has a remaining amount of $232.5 million available for issuance under a shelf registration statement filed with the SEC [209]. - The company has the ability to issue up to 2,000,000,000 shares of common stock and 5,000,000 shares of preferred stock without stockholder approval [212].

Financial Performance - The company reported a net loss of approximately $33.9 million for the three months ended September 30, 2021, compared to a net loss of $7.5 million for the same period in 2020[275]. - For the nine months ended September 30, 2021, the net loss was approximately $32.0 million, an increase from a net loss of $20.9 million in the same period of 2020[275]. - Revenues for Q3 2021 were $4.45 million, a 74% increase from $2.55 million in Q3 2020, primarily driven by a $1.8 million increase in Indoor Intelligence sales[336]. - Revenues for the nine months ended September 30, 2021 were $10.86 million, an increase of approximately $5.4 million or 100% compared to $5.43 million in the prior year[348]. - Net loss attributable to stockholders of Inpixon for Q3 2021 was $33.64 million, up from a loss of $7.47 million in Q3 2020, primarily due to a $22.3 million unrealized loss on the Sysorex note[345]. - For the nine months ended September 30, 2021, the net loss attributable to common stockholders was $31.4 million, compared to a net loss of $20.9 million for the same period in 2020[367]. - Adjusted EBITDA for the nine months ended September 30, 2021 was a loss of $18.5 million, compared to a loss of $12.4 million in the prior year[359]. Revenue and Growth - The company experienced revenue growth in the first three quarters of 2021 compared to the same periods in 2020, driven by increased sales from its indoor intelligence platform and additional revenue from Systat software licenses[276]. - The company experienced a total revenue growth for the nine months ended September 30, 2021, attributed to the addition of new product lines and acquisitions despite challenges from COVID-19[372]. Acquisitions and Strategic Transactions - The company completed a series of strategic acquisitions to enhance its product offerings, including technologies for wireless device positioning and indoor mapping solutions[278]. - The company acquired a controlling interest in Game Your Game, Inc. for a total purchase price of approximately $3.07 million, enhancing its capabilities in sports data and analytics[286]. - The company completed the acquisition of over 99.9% of The CXApp for approximately $22.5 million in cash and 8,820,239 shares valued at about $10 million[294][295]. - The total consideration for the CXApp acquisition, including contingent earnout payments, could reach up to $45 million[295]. - The company plans to continue evaluating strategic transactions, including acquisitions, to maintain pace with industry demands and enhance shareholder value[279]. - The company intends to focus on accretive acquisitions that provide operational synergies and enhance its comprehensive Indoor Intelligence platform[279]. Operating Expenses and Losses - Operating expenses for Q3 2021 were $15.72 million, an increase of approximately $7.57 million from $8.15 million in Q3 2020, mainly due to costs from recent acquisitions and additional amortization[340]. - Loss from operations for Q3 2021 was $12.46 million, compared to a loss of $6.25 million in Q3 2020, reflecting increased operating expenses despite higher gross profit[341]. - Loss from operations for the nine months ended September 30, 2021 was $38.2 million, an increase of approximately $21.2 million or 125% from a loss of $16.9 million in the prior year[352]. - Operating expenses rose to $46.06 million, an increase of $25.15 million or 120% compared to $20.91 million in the prior year, driven by various acquisition-related costs and scaling for growth[351]. Cash Flow and Capital - The company raised net proceeds of approximately $128.4 million from the sale of securities during the nine months ended September 30, 2021[371]. - Cash and cash equivalents as of September 30, 2021, were $66.8 million, up from $18.0 million as of September 30, 2020[373]. - The company reported a net cash increase of $48.8 million for the nine months ended September 30, 2021, compared to $26.5 million for the same period in 2020[373]. - Net cash used in operating activities for the nine months ended September 30, 2021, was $24.0 million, an increase from $15.6 million for the same period in 2020[373]. - Net cash flows provided by financing activities for the nine months ended September 30, 2021, were $125.4 million, compared to $47.1 million in the same period of 2020[381]. Tax and Other Financial Considerations - The company recorded a net income tax benefit of approximately $0.9 million for Q3 2021, related to reduced estimated taxes payable due to losses incurred[343]. - The company incurred an income tax provision of approximately $1.4 million for the nine months ended September 30, 2021, related to current and deferred tax expenses[354]. - Other income for the nine months ended September 30, 2021 was $7.5 million, an increase of approximately $11.6 million compared to a loss of $4.1 million in the prior year, primarily due to gains on the Sysorex note[353]. Deferred Revenue and Revenue Recognition - As of September 30, 2021, the company reported deferred revenue of approximately $4.5 million, up from $1.9 million as of December 31, 2020[311]. - The company recognizes revenue from software as a service and professional services, with revenue from maintenance and consulting services recognized evenly over the service period[299][301]. Market and Operational Challenges - Supply chain constraints and COVID-19 impacts have affected hardware product delivery times and demand, but the company remains optimistic about future growth[276]. - The company continues to seek additional resources for the development of its technologies, including AirPatrol and Locality, with no assurance of success[321]. Goodwill and Asset Management - Goodwill and indefinite-lived assets were recorded in connection with acquisitions, with recoverability evaluated at least annually[322]. - The company has not recorded any impairment charges for long-lived assets for the three and nine months ended September 30, 2021[315]. - The company evaluates the remaining useful lives of long-lived assets regularly, with no changes indicated during the reporting periods[318].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-36404 INPIXON (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

Table of Contents Commission File Number 001-36404 INPIXON (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Nevada 88- ...

Market Growth and Trends - The global market for Indoor Positioning and Indoor Navigation (IPIN) is projected to grow from USD 2.8 billion in 2020 to USD 56.6 billion by 2027, at a CAGR of 53.3%[28] - The global indoor location market is expected to increase from USD 6.1 billion in 2020 to USD 17.0 billion by 2025, with a CAGR of 22.5%[31] - The real-time location systems (RTLS) market is anticipated to grow from USD 3.4 billion in 2020 to USD 10.3 billion by 2025, reflecting a CAGR of 24.8%[31] - The smart buildings software market is projected to grow from USD 6.4 billion in 2021 to USD 8.5 billion by 2025, indicating a growth trajectory of 7% CAGR[31] Company Strategy and Acquisitions - Inpixon has pursued multiple acquisitions to enhance its technology portfolio, including Locality Systems, GTX Corp, and Jibestream, expanding its capabilities in wireless device positioning and indoor mapping[26] - The company aims to explore strategic transactions that provide operational synergies and enhance shareholder value, including minority investments and joint ventures[25] - The company completed several strategic acquisitions since 2014, including Locality Systems, Inc. and Jibestream, enhancing its product offerings in indoor positioning and analytics[85] - In 2020, the company acquired Nanotron, expanding its asset tracking and RTLS business with wireless location awareness technology[77] - The company acquired an exclusive license for the SYSTAT and SigmaPlot software suite, enhancing its analytics capabilities[75] - The company has expanded its technology portfolio with the acquisition of GPS technologies and IP, including a smart school safety network solution[73] Financial Performance and Challenges - The company incurred net losses of approximately $29.2 million and $34.0 million for the fiscal years ended December 31, 2020 and 2019, respectively[101] - Revenues increased by 48% compared to the same period in 2019, but are still insufficient to fund operations and cover operating losses[102] - The company has a history of operating losses and working capital deficiency, raising concerns about achieving profitability and securing additional financing[101] - The company anticipates needing additional cash financing to support growth and respond to market demands[145] - The company may need additional capital to support operations, which could involve dilutive equity offerings[95] Product and Technology Development - Inpixon's Indoor Intelligence platform utilizes sensor technology to provide positioning information with accuracy ranging from several meters to approximately thirty centimeters, depending on conditions and product deployment[22] - Inpixon's analytics capabilities integrate existing video surveillance feeds with location data, enhancing security and customer relations[23] - The company plans to expand its use of artificial intelligence and machine learning to improve positioning accuracy and enhance device capture algorithms, aiming for better predictive analytics[44] - Inpixon's mapping solution integrates business data with geospatially accurate indoor maps, facilitating various use cases such as facility management and asset tracking[39] - The company is investing in augmented reality technologies to enhance its mapping platform, allowing for new navigation use cases and optimization in various environments[46] Customer Dependency and Market Risks - The company's top three customers accounted for approximately 43% and 66% of gross revenue during the years ended December 31, 2020 and 2019, respectively, highlighting a reliance on a few key clients[52] - The company relies on increasing sales to existing customers and acquiring new customers to enhance financial performance[130] - The newspaper publishing industry is facing challenges, which may negatively impact sales of the company's Shoom products[131] - The company faces significant price competition, which may force it to reduce prices and impact profitability[136] - The market acceptance of the company's products is critical, and failure to meet customer demands could adversely affect financial results[148] Legal and Regulatory Compliance - The company is subject to numerous legal and regulatory requirements, and violations could result in significant fines, criminal sanctions, and damage to its reputation[125] - The company has not registered copyrights on its proprietary software, which may hinder its ability to protect its intellectual property and could adversely affect its operations and financial condition[126] - The company may face claims related to the wrongful use or disclosure of trade secrets, which could result in substantial costs and distract management[116] - The company is subject to various risks from currency fluctuations and trade barriers that could impact overall business operations and financial results[164] Operational and Management Challenges - The company has faced challenges in integrating acquired businesses, which may disrupt ongoing operations and affect financial performance[86] - The integration of new personnel from acquisitions may disrupt ongoing operations and requires effective management to avoid negative impacts[97] - The company may face challenges in maintaining effective internal controls, which could harm its ability to report financial results accurately and prevent fraud[198] - The company may incur additional indebtedness in the future, intensifying existing risks associated with its current debt levels[113] Stock and Market Performance - The closing market price for the company's common stock has varied between a high of $2.84 and a low of $1.00 in the twelve-month period ended February 11, 2021[203] - The market price of the company's common stock is likely to continue to be volatile, with fluctuations influenced by market, industry, and other factors[204] - The company has a shelf registration statement allowing it to issue up to $300 million in various securities until June 2021, which could impact the trading price of its common stock[208] - The company must comply with Nasdaq's continued listing standards, including a minimum bid price requirement of $1.00 per share and a minimum stockholders' equity of $2.5 million[212]

Financial Performance - The company reported a net loss of approximately $7.5 million for Q3 2020, compared to a net loss of $6.6 million for Q3 2019, and a net loss of $20.9 million for the nine months ended September 30, 2020, compared to $17.0 million for the same period in 2019[221]. - Revenues for Q3 2020 were $2,554,000, a 66% increase from $1,534,000 in Q3 2019, driven by sales growth in Aware and Mapping product lines and new Systat licensing[273]. - Revenues for the nine months ended September 30, 2020 were $5,434,000, a 24% increase from $4,387,000 in the prior year, mainly due to additional mapping revenues and new Systat licensing[283]. - Adjusted EBITDA for Q3 2020 was a loss of $4.6 million, compared to a loss of $2.4 million in Q3 2019, indicating worsening operational performance[294]. - Net loss attributable to stockholders for Q3 2020 was $7.5 million, compared to $6.6 million in Q3 2019, reflecting a 13% increase in loss due to higher operating expenses[281]. - Net loss attributable to stockholders for the nine months ended September 30, 2020 was $20.9 million, compared to $17.0 million in the prior year, reflecting a 23% increase in loss[292]. Revenue and Cost Analysis - Cost of revenues for Q3 2020 increased by 69% to $645,000 from $382,000 in Q3 2019, primarily due to increased sales[274]. - Cost of revenues for the nine months ended September 30, 2020 rose by 32% to $1,459,000 from $1,109,000 in the prior year, driven by increased sales[284]. - Operating expenses for Q3 2020 were $8.2 million, up 19% from $6.8 million in Q3 2019, mainly due to higher expenses related to the Systat licensing product line[276]. - Operating expenses for the nine months ended September 30, 2020 were $20.9 million, a 13% increase from $18.6 million in the prior year, primarily due to Systat licensing and Jibestream division expenses[286]. - Loss from operations for Q3 2020 was $6.2 million, an increase of approximately 10% from $5.7 million in Q3 2019, attributed to higher operating expenses despite increased revenue[277]. Capital and Funding - The company raised approximately $44.0 million in net proceeds during the nine months ended September 30, 2020, through sales under its at-the-market equity facility, with a maximum gross proceeds potential of $150 million[221]. - The company issued and sold 31,574,358 shares of common stock during the nine months ended September 30, 2020, resulting in net proceeds of approximately $44 million[241]. - The company raised approximately $44 million in net proceeds through an ATM equity facility during the nine months ended September 30, 2020[306]. - The company is pursuing strategic transactions and may raise additional capital as needed, potentially up to $150 million under the ATM[306]. - The company experienced a net cash increase of $26.5 million for the nine months ended September 30, 2020, compared to a decrease of $0.7 million in the same period of 2019[307]. Strategic Acquisitions - The company acquired a suite of "blue-dot" indoor location and motion technologies for $1.5 million in cash and 480,000 shares of common stock on August 19, 2020[227]. - The company acquired Nanotron Technologies GmbH for an aggregate purchase price of $8.7 million on October 6, 2020, enhancing its capabilities in location-aware IoT systems[233]. - The company has a corporate strategy focused on acquiring complementary technologies and intellectual property to enhance its product offerings and expand its market presence[225]. - The company is exploring opportunities for strategic transactions, including acquisitions and joint ventures, to supplement revenue growth and increase shareholder value[225]. Operational Challenges - The company has faced supply chain constraints and delays due to the COVID-19 pandemic, impacting product delivery times and customer demand[222]. - The impact of the COVID-19 pandemic on the company's operations remains uncertain, with supply chain constraints affecting product delivery times[306]. Financial Position - As of September 30, 2020, the company had cash and cash equivalents of $31.4 million, a substantial increase from $4.8 million as of December 31, 2019[307]. - The overall working capital surplus as of September 30, 2020 was $23.2 million, compared to a deficit of $6.975 million as of September 30, 2019[307]. - The company has sufficient funds to support ongoing operations for the next twelve months based on its cash balances and budgeted cash flow requirements[221]. Deferred Revenue and Accounting - As of September 30, 2020, the company had deferred revenue of approximately $1,761,000 related to software license agreements and $81,000 for cash received in advance for product maintenance services[251]. - The company expects to satisfy its remaining performance obligations for maintenance services and recognize the deferred revenue over the next twelve months[251]. - The company capitalizes direct internal costs of labor for software development, amortizing these costs over an estimated useful life of one to four years[262]. - The company utilizes the percentage of completion method for mapping services revenue recognition, recognizing contract revenue in proportion to the stage of completion[249]. - The company has not recognized any impairment charges for long-lived assets for the three and nine months ended September 30, 2020 and 2019[261]. Non-Cash Adjustments and Cash Flows - Net cash used in operating activities for the nine months ended September 30, 2020 was $15.6 million, compared to $9.1 million for the same period in 2019[308][309]. - Non-cash adjustments for the nine months ended September 30, 2020 totaled $8.3 million, primarily due to depreciation and amortization expenses[308]. - Net cash flows used in investing activities for the nine months ended September 30, 2020, were approximately $4.9 million, unchanged from the same period in 2019[311]. - Cash flows related to investing activities in 2020 included $2.2 million for the Systat Licensing Agreement and $1.5 million for the Ten Degrees acquisition[311]. - Net cash flows provided by financing activities for the nine months ended September 30, 2020, were approximately $47.1 million, compared to $13.3 million in 2019[312]. Miscellaneous - The company has made progress in raising capital and gaining industry recognition for its technologies, including awards from leading industry analysts[260]. - There were no off-balance sheet guarantees or trading activities involving non-exchange traded contracts reported[313]. - The company does not engage in interest rate swap transactions or foreign currency contracts[313]. - Recent accounting standards discussions can be found in Note 3 of the financial statements included in the Form 10-Q[314]. - There were no applicable quantitative and qualitative disclosures about market risk[315].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36404 INPIXON (Exact name of registrant as specified in its charter) | Nevada | 88-0434915 | | --- | --- | | (State or other jur ...

Financial Performance - Revenues increased by approximately 32% in Q1 2020 compared to Q1 2019, primarily due to an increase in revenue from mapping services [209]. - The company experienced a net loss of approximately $6.2 million in Q1 2020, compared to a net loss of $5.2 million in Q1 2019 [210]. - Revenues for the three months ended March 31, 2020, were $1,804,000, representing a 32% increase from $1,363,000 in the same period of 2019 [252]. - Cost of revenues increased by approximately 51%, from $337,000 in Q1 2019 to $510,000 in Q1 2020, primarily due to increased mapping revenue [253]. - Gross profit margin decreased to 72% in Q1 2020 from 75% in Q1 2019, attributed to lower margins from mapping services [255]. - Operating expenses rose to $6.9 million in Q1 2020 from $5.9 million in Q1 2019, an increase of approximately $1.0 million due to the Jibestream acquisition and higher professional fees [256]. - The net loss for the three months ended March 31, 2020, was $6,168,000, compared to a net loss of $5,150,000 in the same period of 2019, reflecting a 20% increase in losses [251]. - Loss from operations for Q1 2020 was $5.6 million, an increase of approximately 14.3% from $4.9 million in Q1 2019 [257]. - Other income/expense for Q1 2020 resulted in a loss of $689,000, compared to a loss of $287,000 in Q1 2019, reflecting an increase in loss of 140% [258]. - Net loss attributable to stockholders for Q1 2020 was $6.2 million, up from $5.2 million in Q1 2019, representing an increase of approximately 19.2% [261]. - Adjusted EBITDA for Q1 2020 was a loss of $3.9 million, compared to a loss of $2.6 million in Q1 2019, indicating an increase in loss of approximately 50% [264]. - Proforma non-GAAP net loss per share for Q1 2020 was ($0.92), compared to ($31.98) in Q1 2019, showing a significant reduction in loss per share [270]. Cash Flow and Financing - The company raised aggregate gross proceeds of $5 million from recent debt financing and has access to an additional $50 million through an at-the-market equity facility [210]. - The company issued 937,010 shares of common stock during Q1 2020, resulting in net proceeds of approximately $1.33 million after compensation [213]. - Subsequent to Q1 2020, the company issued 9,551,636 shares of common stock, resulting in net proceeds of approximately $10.62 million [214]. - The company entered into exchange agreements, issuing 1,896,557 shares of common stock in exchange for approximately $4.19 million of outstanding promissory notes [216]. - The company reported a working capital deficit of $6.2 million as of March 31, 2020 [273]. - Cash on hand as of March 31, 2020 was approximately $6.1 million [273]. - Net cash used in operating activities for Q1 2020 was $4.5 million, driven by a net loss of $6.2 million offset by non-cash adjustments [274]. - The company has raised approximately $1.4 million from an ATM equity facility out of a total offering amount of up to $50 million as of March 31, 2020 [273]. - Net cash used in operating activities for Q1 2020 was $4.5 million, compared to $3.5 million in Q1 2019, representing a 29.9% increase in cash outflow [280]. - Net cash provided by financing activities was $6.1 million in Q1 2020, down from $6.6 million in Q1 2019, a decrease of 7.6% [286]. - The company experienced a net increase in cash of $1.3 million for Q1 2020, compared to a net increase of $2.8 million in Q1 2019, a decline of 53.6% [279]. Strategic Initiatives - The company is pursuing strategic acquisitions to enhance its technology and revenue, including the acquisition of Locality Systems, Inc. and Jibestream Inc. [211]. - The company has a corporate strategy focused on providing end-to-end solutions for indoor intelligence, including data collection and analytics [211]. - The company continues to seek additional resources for the development of technologies acquired through previous acquisitions, including AirPatrol and Jibestream [238]. Revenue Recognition and Deferred Revenue - The company’s revenue recognition follows the "Revenue from Contracts with Customers" standard, recognizing revenue either at a point in time or over time [225]. - Deferred revenue as of March 31, 2020, included approximately $692,000 related to software license agreements and $185,000 for cash received in advance for maintenance services [229]. Impairment and Other Charges - The company did not incur any anticipated losses for the three months ended March 31, 2020, and 2019 [228]. - Stock-based compensation charges for Q1 2020 were $399,000, down from $890,000 in Q1 2019 [250]. - The company has not recognized any impairment charges for long-lived assets for the three months ended March 31, 2020 [240]. - The effect of foreign exchange rate changes on cash was a loss of $27,000 in Q1 2020, compared to a loss of $8,000 in Q1 2019, indicating a 237.5% increase in foreign exchange losses [279].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-36404 INPIXON (Exact name of registrant as specified in its charter) Nevada 88-0434915 (State or other ...

Financial Performance - Revenues increased by approximately 63% in Q3 2019 compared to Q3 2018, driven by a focus on the Indoor Positioning Analytics (IPA) product line and a new customer contributing about 33% of revenues [212]. - The company reported a net loss of $6.6 million for Q3 2019, compared to a net loss of $5.2 million for Q3 2018, and a total net loss of $17.0 million for the nine months ended September 30, 2019 [213]. - Revenues for the three months ended September 30, 2019 were $1,534,000, representing a 63% increase from $940,000 in the same period of 2018 [260]. - Revenues for the nine months ended September 30, 2019 were $4.4 million, a 67% increase from $2.6 million in the same period of 2018 [272]. - Net loss attributable to stockholders of Inpixon for the three months ended September 30, 2019 was $6.6 million, compared to $5.2 million in the same period of 2018, reflecting a higher loss of approximately $1.4 million [269]. - Net loss attributable to stockholders of Inpixon for the nine months ended September 30, 2019 was $17.0 million, slightly lower than $17.3 million in the same period of 2018 [281]. - Adjusted EBITDA for the three months ended September 30, 2019 was a loss of $2.4 million, an improvement from a loss of $3.4 million in the prior period of 2018 [283]. - Proforma non-GAAP net loss per basic and diluted common share for the three months ended September 30, 2019 was ($0.17), compared to ($3.61) for the same period in 2018 [290]. Operating Expenses - Operating expenses for the three months ended September 30, 2019 were $6.8 million, an increase of approximately $2.8 million compared to $4.0 million in the same period of 2018 [264]. - Operating expenses for the nine months ended September 30, 2019 were $18.6 million, an increase of approximately $5.2 million from $13.4 million in the same period of 2018 [275]. - Stock-based compensation charges for the three months ended September 30, 2019 were $871,000, compared to $122,000 in the same period of 2018 [258]. Cash Flow and Financing - The company has no committed source of financing except for its Payplant facility, raising concerns about its ability to continue operations without additional funding [213]. - The company expressed substantial doubt about its ability to continue as a going concern without additional capital becoming available [298]. - The company plans to pursue additional equity or debt financing to mitigate concerns regarding its ability to continue operations [298]. - Cash and cash equivalents were approximately $494,000 as of September 30, 2019 [295]. - Net cash used in operating activities for the nine months ended September 30, 2019 was $9.1 million, consisting of a net loss of $17.0 million offset by non-cash adjustments of $8.4 million [296]. - Cash flows from financing activities provided $13.3 million in the nine months ended September 30, 2019, down from $26.0 million in the same period of 2018 [307]. Acquisitions and Strategic Initiatives - The company completed the acquisition of Locality, GTX's GPS products, and Jibestream, expanding its indoor positioning product line and patent portfolio [211][215][225]. - The company is focused on strategic acquisitions that add technology and operational synergies to enhance its Indoor Data Platform [215]. - The company anticipates utilizing Jibestream's mapping technology to enhance its existing indoor positioning offerings, targeting various indoor spaces [225]. - Inpixon Canada acquired Jibestream for a total consideration of CAD $5,000,000 plus cash equivalents held by Jibestream at closing, with an estimated cash closing amount adjusted for various factors [226]. Revenue Recognition and Deferred Revenue - The Company recognizes revenue from contracts with customers based on the five-step model outlined in Topic 606, with specific methods for Software as a Service and professional services [234][235][236]. - As of September 30, 2019, the Company had deferred revenue of approximately $789,000 related to software license agreements and $262,000 for cash received in advance for maintenance services [238]. Assets and Liabilities - The company reported a working capital deficit of $11.7 million as of September 30, 2019 [295]. - Working capital deficit increased to $11.7 million as of September 30, 2019, compared to $3.9 million as of December 31, 2018 [300]. - The principal amount outstanding under the Loan Agreement was $259,000 as of September 30, 2019 [299]. - The company does not have any off-balance sheet guarantees or foreign currency contracts [309].