Inpixon (INPX) Misses Q1 EPS by 134c

Inpixon (NASDAQ: INPX) reported Q1 EPS of ($2.03), $1.34 worse than the analyst estimate of ($0.69). Revenue for the quarter came in at $13.5 million versus the consensus estimate of $19.56 million.

“The renewal of our contract with the FBI, the extension of our contract with the Army and this week’s announcement of an approximately $2.5 million project win with a leading health insurer are encouraging and we believe show traction with both our commercial and government customer base,” said Nadir Ali, Inpixon’s CEO. “We anticipate a more significant impact with government customers in Q3 and Q4 from the Integrio acquisition as we approach the government fiscal year end. I look forward to our earnings call today when we will have a conversation with our CTO, Craig Harper, about where our Indoor Positioning Analytics product is headed and where we see industry trends in the space.”

For earnings history and earnings-related data on Inpixon (INPX) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Movano (MOVE) Misses Q2 EPS by 195c
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery