Completed the Spin-off of Workplace Experience
Business Line on March 14
Conference Call to be Held Today at
4:30 p.m. Eastern Time
PALO ALTO, Calif., May 15, 2023
/PRNewswire/ -- Inpixon® (Nasdaq:
INPX), the Indoor Intelligence® company,
today provided a business update and reported financial results for
the first quarter ended March 31,
2023.
"The spinoff of the workplace experience business line was
our most significant accomplishment in the first quarter of this
year," commented Nadir Ali, CEO of
Inpixon. "This transaction was a key focus for the company
throughout the last several months and demonstrates our commitment
to increasing value for shareholders. At the same time, for the
remainder of our business, we were also able to achieve a 17%
increase in revenue to $3.1 million
for the first quarter of 2023 as compared to the same period of
last year, while effectively reducing our operating expenses as
compared to the same period of last year. We have reallocated
resources and streamlined our operations to focus on the growth of
our real-time location system (RTLS) business line. RTLS enables
customers to digitally track the real-time location and movement of
physical things throughout large facilities and delivers actionable
data that can seamlessly integrate into third-party systems, such
as automated workflows or asset and supply chain management
solutions. Through our solution, customers are able to locate,
learn, and leverage information to make more informed business
decisions. We remain committed to innovation and to
providing a full-stack RTLS solution that supports a multitude of
use cases and industries. In addition, the negotiation and
diligence process with respect to a potential transaction for the
remainder of our business continues to advance. We look
forward to providing further updates as that process
continues.
"Overall, we have maintained a solid balance sheet with
over $15 million in cash and cash
equivalents as of March 31, 2023. We
believe we are well positioned to solidify our leadership position
within the RTLS industry, and we look forward to further executing
on our business initiatives," concluded Mr. Ali.
Financial Results
Revenues for the three months ended March 31, 2023 were $3.1
million compared to $2.6
million for the comparable period in the prior year for an
increase of approximately $0.5
million, or approximately 17%. This increase is primarily
attributable to the increase in Indoor Intelligence sales from the
Aware and RTLS component product lines. Gross profit
for the three months ended March 31,
2023, was $2.3 million
compared to a gross profit of $1.9
million for the comparable period in the prior
year, representing an increase of 25%.
The gross profit margin for the three months ended
March 31, 2023, was 75% compared to
70% for the three months ended March 31,
2022. This increase in gross profit margin is due to the
sales mix during the period. Operating expenses for the three
months ended March 31, 2023, were
$10.5 million and $11.1 million for the comparable period ended
March 31, 2022. This decrease of
$0.6 million is primarily
attributable to lower compensation, professional fees and legal
expense in the three months ended March 31,
2023. Net loss from continuing operations for the three
months ended March 31, 2023, was
$12.3 million compared to
$10.8 million for the comparable
period in the prior year. This increase in loss of approximately
$1.5 million was primarily
attributable to a deferred tax provision expense of approximately
$2.5 million offset by higher gross
profit of approximately $0.5 million
and lower operating expenses of approximately $0.6 million.
Non-GAAP Adjusted EBITDA for the three months
ended March 31, 2023, was a loss of
$7.7 million compared to a loss of
$8.8 million for the prior year
period. Non-GAAP Adjusted EBITDA is defined as net
income or loss before interest, provision for income taxes,
depreciation, and amortization plus adjustments for other income or
expense items, non-recurring items and non-cash items including
stock-based compensation.
Proforma non-GAAP net loss per basic and diluted common
share for the three months ended March 31, 2023, was a loss of $1.01 per share compared to a loss of
$4.79 per share for the prior year
period. Non-GAAP net loss per share is defined as net
loss per basic and diluted share adjusted for non-cash items
including stock-based compensation, amortization of intangibles and
one-time charges and other adjustments including transaction costs,
provision for unrealized loss on equity securities, and acquisition
costs.
In accordance with applicable accounting guidance, the
results of the workplace experience business line are presented as
discontinued operations in the Consolidated Statements of Income
and, as such, have been excluded from both continuing operations
and segment results for all periods presented prior to the
completion of the CXApp Spin-off. The Consolidated Statements of
Cash Flows are presented on a consolidated basis for both
continuing operations and discontinued operations. Please refer to
the quarterly report on Form 10-Q for the quarterly period ended
March 31, 2023 to be filed with the
SEC for additional information.
Conference Call
Inpixon management will host a conference call today at
4:30 p.m. Eastern Time to discuss the
company's financial results for the first quarter of 2023 ended
March 31, 2023, as well
as provide an update on the company's corporate progress and other
developments.
The conference call will be available via telephone by
dialing toll-free 888-506-0062 for U.S.
callers or 973-528-0011 for international callers and entering
access code 794029. A webcast of the call may be
accessed at
https://www.webcaster4.com/Webcast/Page/2235/48349
or on the company's Investor Relations section of the
website,
ir.inpixon.com/ir-news-events/ir-calendar.
Investors and other interested parties are invited to
submit questions to management prior to the call's start via email
to inpx@crescendo-ir.com.
A webcast replay will be available on the company's
Investor Relations section of the website
(ir.inpixon.com/ir-news-events/ir-calendar)
through May 15, 2024. A telephone
replay of the call will be available approximately one hour
following the call, through May 22,
2023, and can be accessed by dialing 877-481-4010 for U.S.
callers or +1 919-882-2331 for international callers and entering
access code 48349.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of
Indoor Intelligence®, delivering actionable insights for
people, places and things. Combining the power of mapping,
positioning and analytics, Inpixon helps to create smarter, safer,
and more secure environments. The company's Indoor Intelligence and
industrial real-time location system (RTLS) solutions are leveraged
by a multitude of industries to optimize operations, increase
productivity, and enhance safety. Inpixon customers can take
advantage of industry leading location awareness, analytics, sensor
fusion, IIoT and the IoT to create exceptional experiences and to
do good with indoor data. For the latest insights,
follow Inpixon on LinkedIn, and
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 Securities Act of 1933, as
amended, 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 economic conditions, the impact of COVID-19,
global conflicts, inflation and other global events on Inpixon's
results of operations and global supply chain constraints, the
anticipated benefits of the spin-off of the Workplace Experience
business line may not be achieved, Inpixon's ability to integrate
the products and business from acquisitions into its existing
business, the performance of management and employees, the
regulatory landscape as it relates to privacy regulations and their
applicability to Inpixon's technology, Inpixon's ability to
maintain compliance with Nasdaq's continued listing requirements,
the ability to obtain financing if needed, 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.
Non-GAAP Financial Measures
Management believes that certain financial measures not in
accordance with generally accepted accounting principles in
the United States ("GAAP") are
useful measures of operations. EBIDTA, Adjusted EBITDA and pro
forma net loss per share are non-GAAP measures. Inpixon defines
"EBITDA" as net income (loss) before interest, provision for
(benefit from) income taxes, and depreciation and amortization.
Management uses Adjusted EBITDA as a metric for which it manages
the business, and Inpixon defines "Adjusted EBITDA" as EBITDA plus
adjustments for other income or expense items, non-recurring items
and non-cash items. Inpixon defines "pro forma net loss per share"
as GAAP net loss per share adjusted for stock-based compensation,
amortization of intangibles and one-time charges unrealized
gains/losses from equity securities and transaction
costs.
Management provides Adjusted EBITDA and pro forma net loss
per share measures so that investors will have the same financial
information that management uses, which may assist investors in
assessing Inpixon's performance on a period-over-period basis.
Adjusted EBITDA or pro forma net loss per share is not a measure of
financial performance under GAAP, and should not be considered an
alternative to net income (loss) or any other measure of
performance under GAAP, or to cash flows from operating, investing
or financing activities as an indicator of cash flows or as a
measure of liquidity. Adjusted EBITDA and pro forma net loss per
share have limitations as analytical tools and should not be
considered either in isolation or as a substitute for analysis of
Inpixon's results as reported under GAAP.
For more information on our non-GAAP financial measures
and a reconciliation of GAAP to non-GAAP measures, please see the
"Reconciliation of Non-GAAP Financial Measures" table accompanying
this press release.
Contacts
General inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications for Inpixon
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
INPIXON AND
SUBSIDIARIES
|
CONSOLIDATED
BALANCE SHEETS
|
(In thousands,
except number of shares and par value data)
|
|
|
|
|
|
|
|
As of
|
|
March 31,
2023
|
|
|
December 31,
2022
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
Current
Assets
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
15,254
|
|
$
|
10,235
|
Accounts receivable,
net of allowances of $268 and $272, respectively
|
|
2,999
|
|
|
1,889
|
Notes and other
receivables
|
|
430
|
|
|
86
|
Inventory
|
|
2,179
|
|
|
2,442
|
Note
receivable
|
|
--
|
|
|
150
|
Prepaid assets and
other current assets
|
|
2,797
|
|
|
2,803
|
Current assets of
discontinuted operations
|
|
--
|
|
|
12,261
|
Total Current
Assets
|
|
23,659
|
|
|
29,866
|
|
|
|
|
|
|
Property and equipment,
net
|
|
1,052
|
|
|
1,064
|
Operating lease
right-of-use asset, net
|
|
484
|
|
|
531
|
Software development
costs, net
|
|
1,313
|
|
|
1,265
|
Investment in equity
securities
|
|
364
|
|
|
330
|
Long-term
investments
|
|
50
|
|
|
716
|
Intangible assets,
net
|
|
2,810
|
|
|
2,994
|
Other assets
|
|
175
|
|
|
158
|
Non-current assets of
discontinued operations
|
|
--
|
|
|
20,711
|
Total
Assets
|
$
|
29,907
|
|
$
|
57,635
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
|
|
Current
Liabilities
|
|
|
|
|
|
Accounts
payable
|
$
|
1,767
|
|
$
|
1,503
|
Accrued
liabilities
|
|
5,112
|
|
|
2,619
|
Operating lease
obligation, current
|
|
199
|
|
|
211
|
Deferred
revenue
|
|
1,382
|
|
|
1,323
|
Short-term
debt
|
|
14,971
|
|
|
13,643
|
Acquisition
liability
|
|
--
|
|
|
197
|
Current liabilities of
deconsolidated operations
|
|
--
|
|
|
5,218
|
Total Current
Liabilities
|
|
23,431
|
|
|
24,714
|
|
|
|
|
|
|
Long Term
Liabilities
|
|
|
|
|
|
Operating lease
obligations, noncurrent
|
|
297
|
|
|
334
|
Non-current liabilities
of deconsolidated operations
|
|
--
|
|
|
472
|
Total
Liabilities
|
|
23,728
|
|
|
25,520
|
|
|
|
|
|
|
Commitments and
Contingencies
|
|
--
|
|
|
--
|
|
|
|
|
|
|
Stockholders'
Equity
|
|
|
|
|
|
Preferred Stock -
$0.001 par value; 5,000,000 shares authorized.
|
|
|
|
|
|
Series 4 Convertible
Preferred Stock - 10,415 shares authorized; 1 issued and 1
outstanding as of March 31, 2023 and December 31, 2022,
respectively;
|
|
--
|
|
|
--
|
Series 5 Convertible
Preferred Stock - 12,000 shares authorized; 126 issued and 126
outstanding as of March 31, 2023 and December 31, 2022,
respectively.
|
|
--
|
|
|
--
|
Common Stock - $0.001
par value; 500,000,000 shares authorized; 16,478,253 and 3,570,894
issued and 16,478,252 and 3,570,893 outstanding as of March 31,
2023 and December 31, 2022, respectively.
|
|
16
|
|
|
4
|
Additional paid-in
capital
|
|
339,148
|
|
|
346,668
|
Treasury stock, at
cost, 1 share
|
|
(695)
|
|
|
(695)
|
Accumulated other
comprehensive (loss) income
|
|
(198)
|
|
|
1,061
|
Accumulated
deficit
|
|
(330,586)
|
|
|
(313,739)
|
Stockholders' Equity
Attributable to Inpixon
|
|
7,685
|
|
|
33,299
|
|
|
|
|
|
|
Non-controlling
interest
|
|
(1,506)
|
|
|
(1,184)
|
|
|
|
|
|
|
Total Stockholders'
Equity
|
|
6,179
|
|
|
32,115
|
|
|
|
|
|
|
Total Liabilities
and Stockholders' Equity
|
$
|
29,907
|
|
$
|
57,635
|
INPIXON AND
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
|
(In thousands,
except share and per share data)
|
|
|
|
|
|
|
|
For the Three Months
Ended
|
|
March 31,
|
|
2023
|
|
2022
|
|
|
|
|
|
|
|
|
Revenues
|
$
|
3,104
|
|
$
|
2,649
|
Cost of
Revenues
|
|
791
|
|
|
797
|
|
|
|
|
|
|
Gross
Profit
|
|
2,313
|
|
|
1,852
|
|
|
|
|
|
|
Operating
Expenses
|
|
|
|
|
|
Research and
development
|
|
1,983
|
|
|
2,124
|
Sales and
marketing
|
|
1,115
|
|
|
1,169
|
General and
administrative
|
|
5,613
|
|
|
7,334
|
Acquisition related
costs
|
|
164
|
|
|
115
|
Transaction
costs
|
|
1,400
|
|
|
--
|
Amortization of
intangibles
|
|
220
|
|
|
347
|
Total Operating
Expenses
|
|
10,495
|
|
|
11,089
|
|
|
|
|
|
|
Loss from
Operations
|
|
(8,182)
|
|
|
(9,237)
|
|
|
|
|
|
|
Other (Expense)
Income
|
|
|
|
|
|
Interest (expense)/
income, net
|
|
(1,725)
|
|
|
1
|
Other income/(expense),
net
|
|
29
|
|
|
(44)
|
Unrealized gain/(loss)
on equity securities
|
|
34
|
|
|
(1,503)
|
Total Other
Expense
|
|
(1,662)
|
|
|
(1,546)
|
|
|
|
|
|
|
Net Loss from
Continuing Operations, before tax
|
|
(9,844)
|
|
|
(10,783)
|
Income tax
provision
|
|
(2,478)
|
|
|
--
|
Net Loss from
Continuing Operations
|
|
(12,322)
|
|
|
(10,783)
|
|
|
|
|
|
|
Loss from
Discontinued Operations, Net of Tax
|
|
(4,856)
|
|
|
(774)
|
Net
Loss
|
|
(17,178)
|
|
|
(11,557)
|
|
|
|
|
|
|
Net Loss
Attributable to Non-controlling Interest
|
|
(305)
|
|
|
(346)
|
|
|
|
|
|
|
Net Loss
Attributable to Stockholders of Inpixon
|
$
|
(16,873)
|
|
$
|
(11,211)
|
Accretion of Series 7
preferred stock
|
|
--
|
|
|
(4,555)
|
Accretion of Series 8
Preferred Stock
|
|
--
|
|
|
(548)
|
Deemed dividend for the
modification related to Series 8 Preferred Stock
|
|
--
|
|
|
(2,627)
|
Deemed contribution for
the modification related to Warrants issued in connection with
Series 8 Preferred Stock
|
|
--
|
|
|
1,469
|
Amortization premium-
modification related to Series 8 Prefered Stock
|
|
--
|
|
|
110
|
|
|
|
|
|
|
Net Loss
Attributable to Common Stockholders
|
$
|
(16,873)
|
|
$
|
(17,362)
|
|
|
|
|
|
|
Net Loss Per Share -
Basic and Diluted
|
$
|
(1.38)
|
|
$
|
(9.05)
|
|
|
|
|
|
|
Weighted Average
Shares Outstanding
|
|
|
|
|
|
Basic and
Diluted
|
|
12,238,684
|
|
|
1,917,629
|
|
|
|
|
|
|
Comprehensive
Loss
|
|
|
|
|
|
Net Loss
|
$
|
(17,178)
|
|
$
|
(11,557)
|
Unrealized foreign
exchange loss from cumulative translation adjustments
|
|
(1,259)
|
|
|
(102)
|
Comprehensive
Loss
|
$
|
(18,437)
|
|
$
|
(11,659)
|
INPIXON AND
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
(In
thousands)
|
|
|
|
|
|
|
|
For the Three Months
Ended
|
|
March
31,
|
|
2023
|
|
2022
|
|
Cash Flows Used In
Operating Activities
|
|
|
|
|
|
Net
loss
|
$
|
(17,178)
|
|
$
|
(11,557)
|
Adjustments to
reconcile net loss to net cash used in operating
activities:
|
|
|
|
|
|
Depreciation and
amortization
|
|
429
|
|
|
317
|
Amortization of
intangible assets
|
|
1,025
|
|
|
1,489
|
Amortization of right
of use asset
|
|
110
|
|
|
169
|
Stock based
compensation
|
|
329
|
|
|
1,533
|
Earnout expense
valuation benefit
|
|
--
|
|
|
(2,827)
|
Amortization of debt
discount
|
|
834
|
|
|
--
|
Unrealized loss on
foreign currency transactions
|
|
(205)
|
|
|
(167)
|
Distribution of equity
method investment shares to employees as compensation
|
|
666
|
|
|
--
|
Deferred income
tax
|
|
2,478
|
|
|
--
|
Unrealized loss on
equity securities
|
|
(34)
|
|
|
1,503
|
Other
|
|
--
|
|
|
146
|
|
|
|
|
|
|
Changes in operating
assets and liabilities:
|
|
|
|
|
|
Accounts receivable and
other receivables
|
|
(1,994)
|
|
|
(239)
|
Inventory
|
|
283
|
|
|
181
|
Prepaid expenses and
other current assets
|
|
274
|
|
|
(3,607)
|
Other assets
|
|
(4)
|
|
|
41
|
Accounts
payable
|
|
(534)
|
|
|
(1,345)
|
Accrued
liabilities
|
|
3,545
|
|
|
(109)
|
Income tax
liabilities
|
|
(2)
|
|
|
(40)
|
Deferred
revenue
|
|
584
|
|
|
(666)
|
Operating lease
obligation
|
|
(109)
|
|
|
(141)
|
Net Cash Used in
Operating Activities
|
$
|
(9,503)
|
|
$
|
(15,319)
|
|
|
|
|
|
|
Cash Flows Used in
Investing Activities
|
|
|
|
|
|
Purchase
of property and equipment
|
|
(6)
|
|
|
(81)
|
Investment in
capitalized software
|
|
(220)
|
|
|
(107)
|
Sales of treasury
bills
|
|
--
|
|
|
28,001
|
Proceeds from repayment
of note receivable
|
|
150
|
|
|
--
|
Issuance of note
receivable
|
|
(300)
|
|
|
--
|
Net Cash (Used in)
Provided By Investing Activities
|
$
|
(376)
|
|
$
|
27,813
|
|
|
|
|
|
|
Cash From Financing
Activities
|
|
|
|
|
|
Net proceeds from
issuance of preferred stock and warrants
|
$
|
--
|
|
$
|
46,906
|
Net proceeds from
promissory note
|
|
125
|
|
|
--
|
Net proceeds for
registered direct offering
|
|
14,966
|
|
|
--
|
Cash paid for
redemption of preferred stock series 7
|
|
--
|
|
|
(49,250)
|
Taxes paid related to
net share settlement of restricted stock units
|
|
--
|
|
|
(336)
|
Net proceeds from
promissory notes
|
|
--
|
|
|
364
|
Repayment of CXApp
acquisition liability
|
|
(197)
|
|
|
(1,787)
|
Common shares issued
for net proceeds from warrants
|
|
1
|
|
|
--
|
Distribution to
shareholders related to spin-off of CXApp
|
|
(10,003)
|
|
|
--
|
Net Cash Provided By
(Used in) Financing Activities
|
$
|
4,892
|
|
$
|
(4,103)
|
|
|
|
|
|
|
Effect of Foreign
Exchange Rate on Changes on Cash
|
|
6
|
|
|
(19)
|
|
|
|
|
|
|
Net (Decrease)
Increase in Cash and Cash Equivalents
|
|
(4,981)
|
|
|
8,372
|
|
|
|
|
|
|
Cash and Cash
Equivalents - Beginning of year
|
|
20,235
|
|
|
52,480
|
|
|
|
|
|
|
Cash and Cash
Equivalents - End of year
|
$
|
15,254
|
|
$
|
60,852
|
Reconciliation of
Non-GAAP Financial Measures:
|
|
|
|
|
|
For the 3 Months
Ended
|
(In
thousands)
|
March
31,
|
2023
|
|
2022
|
|
|
|
|
Net loss attributable
to common stockholders
|
$
(16,873)
|
|
$
(17,362)
|
Interest
expense/(income), net
|
1,724
|
|
(2)
|
Income tax
provision
|
2,478
|
|
100
|
Depreciation and
amortization
|
1,454
|
|
1,806
|
EBITDA
|
(11,217)
|
|
(15,458)
|
Adjusted
for:
|
|
|
|
Non-recurring one-time
charges:
|
|
|
|
Unrealized (gain)/loss
on equity securities
|
(34)
|
|
1,503
|
Acquisition
transaction/financing costs
|
164
|
|
121
|
Earnout compensation
benefit
|
-
|
|
(2,827)
|
Professional service
fees
|
-
|
|
8
|
Transaction costs
|
2,443
|
|
-
|
Accretion of series 7
preferred stock
|
-
|
|
4,555
|
Accretion of series 8
preferred stock
|
-
|
|
548
|
Deemed dividend modification
Series 8 preferred stock
|
-
|
|
2,627
|
Deemed contribution for the
modication related to warrants issued in connection with the Series
8 Preferred Stock
|
-
|
|
(1,469)
|
Amortization premium -
modification to Series 8 preferred stock
|
-
|
|
(110)
|
Distribution of equity
method investment shares to employees as compensation
|
666
|
|
-
|
Unrealized foreign
exchange (gains)/losses
|
(205)
|
|
89
|
Stock-based
compensation – compensation and related benefits
|
329
|
|
1,533
|
Severance
costs
|
127
|
|
111
|
Adjusted
EBITDA
|
$
(7,727)
|
|
$
(8,769)
|
|
|
|
|
|
|
|
|
|
For the 3 Months
Ended
|
(In thousands, except
share data)
|
March
31,
|
2023
|
|
2022
|
|
|
|
|
Net loss attributable
to common stockholders
|
$
(16,873)
|
|
$
(17,362)
|
Adjustments:
|
|
|
|
Non-recurring one-time
charges:
|
|
|
|
Unrealized (gain)/loss
on equity securities
|
(34)
|
|
1,503
|
Acquisition
transaction/financing costs
|
164
|
|
121
|
Earnout compensation
benefit
|
-
|
|
(2,827)
|
Professional service
fees
|
-
|
|
8
|
Transaction costs
|
2,443
|
|
-
|
Accretion of series 7
preferred stock
|
-
|
|
4,555
|
Accretion of series 8
preferred stock
|
-
|
|
548
|
Deemed dividend modification
Series 8 preferred stock
|
-
|
|
2,627
|
Deemed contribution for the
modication related to warrants issued in connection with the Series
8 Preferred Stock
|
-
|
|
(1,469)
|
Amortization premium -
modification to Series 8 preferred stock
|
-
|
|
(110)
|
Distribution of equity
method investment shares to employees as compensation
|
666
|
|
-
|
Unrealized foreign
exchange (gains)/losses
|
(205)
|
|
89
|
Stock-based
compensation – compensation and related benefits
|
329
|
|
1,533
|
Severance
costs
|
127
|
|
111
|
Amortization of
intangibles
|
1,025
|
|
1,489
|
Proforma non-GAAP net
loss
|
$
(12,358)
|
|
$
(9,184)
|
Proforma non-GAAP net
loss per basic and diluted common share
|
$
(1.01)
|
|
$
(4.79)
|
Weighted average basic
and diluted common shares outstanding
|
12,238,684
|
|
1,917,629
|
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SOURCE Inpixon