Revenue Segments - Inpixon reported revenue from three segments: Indoor Intelligence, Shoom, and SAVES, with revenue generated from hardware, software licenses, and professional services[18]. - The company's top three customers accounted for approximately 19% and 16% of gross revenue during the years ended December 31, 2022 and 2021, respectively, with no single customer exceeding 10% of gross revenue in 2022[45]. Real-Time Location Systems (RTLS) - The company specializes in real-time location systems (RTLS) for the industrial sector, leveraging IoT, AI, and big data analytics to enhance operational efficiency and safety[15]. - Inpixon's RTLS solution provides real-time tracking and monitoring, enabling businesses to minimize downtime and ensure compliance with industry regulations[15]. - The full-stack industrial IoT solution integrates RTLS, sensor networks, edge computing, and big data analytics for comprehensive operational visibility[16]. - Inpixon's RTLS platform includes prebuilt modules for smart factory, smart warehouse, inventory management, and more, facilitating significant process optimizations[19]. - The positioning technology allows for accuracy ranging from several meters down to approximately thirty centimeters, depending on the product deployed and conditions in the indoor space[25]. - Inpixon's comprehensive RTLS solutions integrate tracking tags, anchors, sensors, and software, positioning the company uniquely in the market against competitors[46]. - Inpixon's RTLS offerings are utilized in various sectors, including automotive factories, logistics warehouses, and military buildings, showcasing a diverse customer base[44]. Technology and Innovation - The company aims to create a digital twin of physical locations to enhance user experiences and operational decision-making[14]. - The company is focused on enhancing its product roadmap with innovations in 3D mapping, LiDAR, and augmented reality features[31]. - Inpixon's analytics solutions provide real-time visibility and predictive maintenance, which can reduce downtime and improve operational efficiency[34]. - The company plans to continue expanding its use of machine learning and artificial intelligence to improve positioning accuracy and reliability, which is expected to unlock new opportunities for its technology[32]. - Inpixon's augmented reality and digital twin technologies enhance real-time visualization and operational efficiency, providing a virtual representation of the physical world for better decision-making[37]. Financials and Expenses - Research and development expenses for the years ended December 31, 2022 and 2021 totaled approximately $17.7 million and $14.1 million, respectively, indicating a year-over-year increase of about 25.5%[39]. - The company has not faced significant financial burdens related to regulatory compliance to date[55]. Corporate Actions and Structure - The company has implemented a reverse stock split at a ratio of 1-for-75 to comply with Nasdaq Listing Rule 5550(a)(2)[12]. - The enterprise apps segment was spun off in connection with the separation of the enterprise apps business, effective March 14, 2023[28]. - On March 15, 2023, New CXApp began regular trading on NASDAQ under the ticker symbol "CXAI" following the Enterprise Apps Spin-off[72]. - The Enterprise Apps Spin-off was completed on March 14, 2023, with Inpixon shareholders receiving one share of CXApp common stock for each share of Inpixon common stock held[70]. - The merger with KINS Technology Group Inc. valued the Enterprise Apps Business at $69 million[69]. - The company has seven operating subsidiaries as of December 31, 2022, including Inpixon Canada and Inpixon GmbH[73]. Employee and Workforce - As of March 20, 2023, the company has 203 employees, including 137 technical and engineering personnel[54]. Strategic Transactions - The company is exploring strategic transactions, including potential asset sales, mergers, or spin-offs to enhance shareholder value[38]. - The company is focused on expanding its market presence through strategic acquisitions and partnerships to enhance its technology offerings[9]. - The company completed the acquisition of Locality Systems, Inc. on May 21, 2019, enhancing its video management system capabilities[58]. - The company acquired over 99.9% of Design Reactor, Inc. on April 30, 2021, enhancing its SaaS app platform offerings[67]. - The company acquired an exclusive license for the SYSTAT and SigmaPlot software suite on June 19, 2020, expanding its software capabilities[61]. - The company completed the acquisition of Nanotron, expanding its asset tracking and RTLS business with wireless location awareness technology[63]. - The company acquired 100% of the outstanding capital stock of Game Your Game, Inc., representing 55.4% of GYG's outstanding shares[65].
XTI Aerospace, Inc.(XTIA) - 2022 Q4 - Annual Report