Inpixon (NASDAQ:INPX) stock has been battered for the last year but today shares are up over 33% after news that it entered into a receivables and purchase order funding agreement with Payplant, LLC and replaced the existing $1.4 million loan to Gemcap. INPX stock has a 30-day, daily average trading volume of 600,000 but before close of trading today over 3.3 million shares have exchanged hands. Last week, the company announced that their subsidiary, Inpixon Federal, received two delivery orders from the Bureau of Census, based on Inpixon Federal’s GSA IT 70 Schedule, for a one year software Enterprise License Agreement (ELA) and 24×7 maintenance. The value of the orders was posted at over $1.4M.
Inpixon stock chart:
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 (-92.62%), and the shares are down over 95% for the year. While INPX shares are up over their 52-week low of $0.19, 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: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.