Inpixon (NASDAQ:INPX) shares are up almost 13% on over three times their listed average volume. The technology company announced this morning that subsidiary, Inpixon Federal, won approval to expand its NASA Solutions for Enterprise-Wide Procurement V (SEWP V) catalog to include services and products that meet Government-wide Strategic Solutions (GSS) requirements for laptops and monitors. The contract value is $20B over a five years with a five-year option.
The framework is designed to reduce costs and increase value. It is open to over 25 federal agencies. Inpixon is a prime contractor for NASA SEWP V. The system is a multi-award Government-Wide Acquisition Contract (GWAC) vehicle with over 140 pre-competed contract holders. The contract value is $20B over a five years with a five-year option.
Inpixon (NASDAQ:INPX) is a leader in indoor positioning and data analytics. Inpixon sensors are designed to anonymously locate cellular, Wi-Fi, and Bluetooth devices. Paired with a high performance, data analytics platform this technology delivers visibility, security, and business intelligence in any facility. Inpixon’s products, infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover data that can help them better perform their task be it governmental or commercial in nature.
Performance has been poor for Inpixon (NASDAQ:INPX). YTD shareholders have seen a return of (-78.83%), and the shares are down over 90% for the year. While INPX shares are up over their 52-week low of $0.85, they are fall below their 52-week high of $11.08. The lone investment company that follows INPX rates the shares as a “Hold”. That rating is considered charitable by some as the company has posted an expanding loss per share every year since 2012 when it posted a loss of (-$0.74) per share. In 2016 the loss had expanded to a loss of (-$15.17) per share. Sales also dipped in 2016 when the company posted a figure of $53.2 million or $13.8 million below posted 2015 sales.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.