XTI Aerospace, Inc. Q1 FY2022 earnings call

• Inpixon's strong growth trajectory continued with a 77% revenue increase in Q1 2022, driven by Indoor Intelligence segment, especially enterprise app. - Key trends impacting the business include back-to-office and employee experiences, hybrid events, industrial automation, and metaverse opportunities. - The enterprise app platform serves modern enterprises, with over 300 campuses across 50+ customers globally. - The acquisition of IntraNav in December 2021 and integration efforts are ongoing, with focus on industrial IoT RTLS solutions. - Focus on executing the business plan and growth plans despite macroeconomic headwinds.

Inpixon's revenue for the first quarter of 2022 was $5.2 million, a 77% increase compared to the same period in 2021. The primary driver was the Indoor Intelligence segment, particularly the enterprise employee experience app. Gross profit margins were in the 73% range. The Indoor Intelligence segment contributed significantly to revenue growth, with enterprise app solutions showing the most traction and revenue gains.

• Anticipate continued strong revenue growth, with a primary focus on organic growth over acquisition growth. - Evaluating strategic opportunities to maximize shareholder value, with exploration of potential transactions still underway.

• NASDAQ compliance issue: Received an additional 180 calendar day extension to regain minimum bid price requirements. - Macro economic headwinds affecting stock price, including war in Ukraine, COVID-19, supply chain challenges, inflation, and increasing labor costs impacting tech stocks generally.

Q: The company announced an indication of interest for a potential strategic transaction. Can you provide a status update?

A: The exploration process and discussions are still underway; no new information to share at this time, but evaluating strategic opportunities to maximize shareholder value.

Q: Which division is showing the greatest revenue gains and corporate demand?

A: The enterprise app solutions within the Indoor Intelligence segment are showing the most traction and revenue growth due to the return to office environment and customer focus on employee experience.

Q: Why was $1.75 strike price warrant bought back?

A: Done to clean up restrictions/challenges related to prior warrants to more easily execute a strategic transaction if appropriate.

Q: Update on IntraNav integration?

A: Completed the IntraNav acquisition in December 2021, integrating Chirp technology into the IntraNav IoT platform, with active marketing activities and focus on growing the industrial IoT segment despite supply chain challenges