Inpixon Q1 revenue $3.1M (+17% YoY); net loss from ops $12.3M

XTI Aerospace, Inc.

2023-Q1 EPS reported -$1.38 revenue$3,104,000

Revenue $3.1M, up 17% vs $2.6M YoY; gross margin improved to 75% from 70%.
Net loss from continuing ops $12.3M vs $10.8M YoY; adjusted EBITDA loss $7.7M vs $8.8M.
Completed spin-off of workplace experience business line on March 14, 2023.
Cash and equivalents over $15M as of March 31, 2023; potential transaction for remaining business advancing.
Non-GAAP net loss per share $1.01 vs $4.79 YoY; operating expenses decreased to $10.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XTI Aerospace, Inc. reported first quarter ended March 31, 2023 results: revenue $3.1 million, net income $12.3 million.

Period: first quarter ended March 31, 2023
Revenue: $3.1 million
Net income: $12.3 million
Result: reported results

Exact text from the filing

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

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-039767

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