NASDAQ$XTIA

XTI Aerospace Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Inpixon's Q1 2023 financial results were reported, highlighting a 17% revenue increase and the completion of the workplace experience business line spin-off.

Inpixon reported a 17% increase in revenue to $3.1 million for Q1 2023 compared to the same period last year. The company also completed the spin-off of its workplace experience business line and reduced operating expenses.

  • Completed the spin-off of the workplace experience business line on March 14.
  • Achieved a 17% increase in revenue to $3.1 million for Q1 2023 compared to the same period of last year.
  • Effectively reduced operating expenses compared to the same period of last year.
  • Maintained a solid balance sheet with over $15 million in cash and cash equivalents as of March 31, 2023.

Headline financials

Total Revenue

$3.1M

Previous: $5.23M-40.7%
EPS (adj)

-$1.01

Previous: -$5.25+80.8%
Capital Expenditures

-$6K

Previous: -$81K+92.6%
Free Cash Flow

-$16.9M

Previous: -$11.3M-49.5%
Net Income

-$16.9M

Previous: -$11.2M-50.5%
Operating Income

-$8.18M

Previous: -$10.1M+18.7%
Gross Profit

$2.31M

Previous: $3.85M-39.8%
Cash & Equivalents

$15.3M

Previous: $60.9M-74.9%
Total Assets

$29.9M

Previous: $137M-78.2%
Stock-Based Comp

$141K

Previous: $1.53M-90.8%

Revenue & EPS history

XTI Aerospace · Revenue · Quarterly

$3.1M

Q1 2023-40.7%vs Q1 2022
Beat estimate in 1 of 8 quarters(13%)
ActualEstimate

Forward guidance

Inpixon is focused on the growth of its real-time location system (RTLS) business line, innovation, and a potential transaction for the remainder of its business.

Tailwinds

  • Focus on the growth of the real-time location system (RTLS) business line.
  • Commitment to innovation and providing a full-stack RTLS solution.
  • Negotiation and diligence process with respect to a potential transaction for the remainder of the business continues to advance.
  • Well positioned to solidify leadership position within the RTLS industry.
  • Reallocated resources and streamlined operations.

Headwinds

  • Net loss from continuing operations increased by approximately $1.5 million.
  • Increase in loss primarily attributable to a deferred tax provision expense of approximately $2.5 million.
  • Fluctuation of economic conditions.
  • Impact of COVID-19, global conflicts, inflation and other global events on Inpixon’s results of operations and global supply chain constraints.
  • Operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-4.8%

Avg return

Earnings day

-5.7%

Avg return

5 days after

-8.1%

Avg return

30 days after

32%

17 / 53 earnings

Positive

+24.6%

Q2 2018

Best reaction

-58.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-4.4%+2.8%
Q3 2025-9.3%-0.7%-11.1%
Q2 2025-0.5%-4.9%-16.4%
Q1 2025-58.0%+20.1%+203.0%
Q3 2024-10.8%-12.3%-29.8%
Q2 2024-4.9%-1.9%+6.5%
Q1 2024-31.5%-43.6%-73.1%
Q4 2023-3.2%-7.1%-7.1%
Q3 2023+1.5%+1.5%+14.7%
Q2 2023+13.3%+15.7%-11.3%
Q1 2023+7.0%+11.5%+4.0%
Q4 2022+23.5%+4.9%+9.2%
Q3 2022-5.8%-16.8%-45.8%
Q2 2022-4.9%-10.1%-19.6%
Q1 2022-14.4%-26.5%-50.2%
Q4 2021-21.5%-14.8%-37.4%
Q3 2021-2.9%-13.8%-16.3%
Q2 2021-1.9%-1.9%-8.7%
Q1 2021+2.0%+4.9%+16.7%
Q4 2020+2.6%+0.0%-0.9%
Q3 2020-1.0%+2.0%+2.9%
Q2 2020-15.2%-15.8%-32.3%
Q1 2020+12.7%+6.4%+72.7%
Q4 2019+13.8%-6.3%-49.6%
Q3 2019-9.2%-20.7%-53.3%
Q2 2019-20.0%-20.7%-35.2%
Q1 2019+8.1%+3.5%-11.8%
Q4 2018+1.5%-0.5%+2.1%
Q3 2018-39.8%-36.5%-30.7%
Q2 2018+24.6%+24.5%+89.1%
Q1 2018-13.2%-16.6%-8.6%
Q4 2017+0.0%-0.5%-69.7%
Q3 2017-16.8%-13.0%-44.4%
Q2 2017-1.9%-13.6%-23.1%
Q1 2017-14.3%-14.3%-34.9%
Q4 2016+6.7%+1.4%-24.7%
Q3 2016+5.9%+14.7%+35.3%
Q2 2016-6.5%-8.7%-21.7%
Q1 2016-16.3%
Q4 2015+0.0%
Q3 2015+3.1%
Q2 2015+1.9%
Q1 2015-7.1%
Q4 2014+0.0%
Q3 2014-38.4%
Q2 2014+1.8%
Q1 2014-7.9%
Q4 2013+10.0%
Q3 2013-9.1%
Q2 2013-7.1%
Q1 2013+0.0%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012
Q1 2012

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