Inpixon (NASDAQ:INPX) is one of the most trusted indoor positioning and data analytics companies around the globe. The business says that today it will unveil financial results for the second quarter ended June 30, 2018.Asides from that, it will speak out elaborately regarding the various corporate developments.
State of affairs
CEO Nadir Ali, the company’s CEO admits that the second quarter of this particular year wasn’t impressive. When brought into close comparison with the prior years, the revenues obtained were Lower.
The Company wants to shift its focus to activities that will see it strengthen its balance sheet. As a matter of fact that will only be possible if it minimizes its liabilities and gives a major boost to its stockholders’ equity.
The company takes with much seriousness the repair as well as the rebuilding of the vendor and supplier relationships. It will keep increasing its efforts towards this direction and hopes that the VAR business in the third and fourth quarter quarters might witness improved results.
The IPA business witnessed major revenue increases when brought into close relation to the prior quarters for the same period. The business guru is optimistic the trend might go on over the second half of the year.
Inpixon hopes that within the second quarter it will succeed in its plan to spin off its VAR business. It has already filled the Form 10 Registration Statement and what remains is the Separation & Distribution Agreement with Sysorex, Inc.
The target is to have the two business companies direct their energies and resources as well towards their respective business plans. Mr. Ali wants the company to move with speed in its business undertakings since what matters now is the growth of the Indoor Positioning Analytics business. Sysorex wants to pay focus on the rebuilding its value-added reseller and integration with commercial customers and the federal government.
Inpixon also reveals the move by NuVision Technologies to buy its Indoor Positioning Analytics (IPA).It seeks to offer top-notch services to the various customers that will participate in trade shows and a wide range of other events.