INPX - Earnings call transcript Q3 2017

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Operator

Good day, everyone. And welcome to the Inpixon Earnings Conference Call for the Third Quarter Ended September 30, 2017. All participants will be in listen-only mode [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions [Operator Instructions]. Participants of this call are advised that the audio of this conference call is being broadcast live over the Internet and is also being recorded for playback purposes. call of available XX, the this after one XXXX. of end the call replay will approximately be hour A through December to firm. I conference CORE to like the Scott over IR, Relations would of Gordon, Investor turn Company's President now call the ahead. go Please

Scott Gordon

you, quarter for today's Loundermon, ended are XXXX. us to thank September conference for financial results Nadir you developments At ended X:XX today, Finance. the time financial today company's of Wendy Inpixon's XX, VP corporate and And CEO, Ali, for XXXX. William. call XX, Thank Eastern joining quarter discuss the and September released the third With PM Inpixon results

not have news the at you section If or page Inpixon's visit earnings release, please investors the received www.inpixon.com.

actual differ from as the and are subject and are expectations the in call, revenues, could any statements. making will about uncertainties Company's and includes risks cash statements future any of statement. forward-looking statements or conference date other products, the the of underlying and statements call any results results, concerning materially agreements, products expectations international management statements anticipated of you a that belief, future relationships any proposed forward-looking strategies assumptions of conference to During any Company based the Company's operations, The regarding or to that conditions These cautions fact U.S. for objectives plans, on any of performance, for described any or new earnings, success statements the forward-looking new statements. the is and cause not historical of This projections financial statement markets, statement of of future the regarding regarding or in the statements be those of statements assumptions Company economic a any course statements is foregoing. numerous any relating this that to of statements this

potential press Securities with today's periodic note forward-looking section are Investors to assumes or to files in investors on Inpixon so. the risks risks. Exchange and not intend described these release reflect obligation or update these of forward-looking statements Commission. the titled to and and should statements future the does of Company Some events public the do actual in cautionary these reports read outcomes no

reconciling to GAAP helpful Nadir non-GAAP to these addition, share information provided per in information, the GAAP supplement adjusted CEO. is and loss The the assessing non-GAAP table the information. non-GAAP In our turn and the the to the meaningful provide financial adjusted Nadir? information Inpixon's numbers, Ali, addition non-GAAP Company's information pleasure numbers The is to included supplemental now historical loss over believes performance. are Company that EBITDA in in Company net net call It and future has my to release.

Nadir Ali

and and and the our helping is FBI. with the our to prepared our seeing Welcome and the In the September and joining the questions. for for our focus after we the Scott credit and by return storage to last days, And of your finance segment, are today and conclude in segment which us for XXXX. challenges Integrio we particularly to the good you Census, Thanks, storage growth areas corporate remarks U.S. determination faced, proud Bureau team remarks. computing thank acquisition, will bolster everyone. earnings XX, XX results business. the XXXX, shown with XXXX opening XXXX, Despite financial third us. here I ended to then and the we of discussing orders Loundermon, of position our quarter call we in computing and Wendy perseverance success announced Bar value to Army significant and our will be who VP and afternoon, update of I'm field the I'm will In on in my through quarter business pull

strong pipeline have are issues. continue we government confident very contracts as a our and to will that we resolve credit We continue, this especially trend

are the to large customers devices. multimillion in They now in GTRI our dimensional partnerships. federal announced States pilot API products quarter, Integrio of grow are will and are cyber with into wireless firms including discussions physical premises, that inroads for and us partnership in one former proliferations. In physical agency with solution render analytics active through leading global third of top in Inpixon provider us programs the indoor taking The government the three and business, companies deployment security products could also security. to just we We a are opportunity. United dollar drive The a are customers new airways is industry a and for unmatched technology can channel with services, IPA our this positioning our in assist these channel solutions signing partners IPA up championing allow large and partnership, one example global to pilot comprehensive who commercial Dome make Security and

brands partnerships impact in in IPA business. our are an with with for We discussions the that could near exponential announce actively have future. we'll global additional These partnerships

become core several our Our in universe, the product of and scalability our are all envision, for Inpixon the and our engineering preparation driving gaining focused elements of being incredible the the and amount IPA and market as product driven of on to their we teams that of leadership market location been application to XXXX. roadmap, development indoor pilot by use cloud projects, enhancement as have expand and such partnership are which market. in we included of These customers installations Thanks products APIs of insights market study guide growth platform's cases. infrastructure to vendors defined is services our product and are Gartner inputs in these one from are leading which helping

business. we are discussed our capital some commercial made quarter, processing with by face the Last financial increased the as arrangement Gartner technology and in announced has report and meeting We alleviating further have government new our of purchase our that this our by be financial constraints to in and included pursue to us Company needs invoices. progress orders proud allowed We Payplant our to market. flexibility in it we strategy the working in validates

quarter top this and in and to in reduce that of Wendy? and to then some With the of much discuss annualized over in open expenses our While millions dollars going million to that, These will didn't the the allow for in extremely our the and XXXX on was for a burn year questions. field will across eliminating quarter place of by in The put return approximately forward. us available and I closing reductions over made costs. helpful, annualized cash for September fourth otherwise by of will earlier savings will headcount our cutting mid-August call We we turn full us a total had a pipeline still Company is larger significantly This could net $X stronger now of $X management million to had orders the in XX, it advantage and have $X reductions take of financial turn thoughts away operating with the over office looked internally, losses, that ended basis impact I XXXX. and annualized was the we that team a cost into Board made this reducing results reduced this in have call an Wendy million to mid-August substantial also initiated quarter. program on quarter.

Wendy Loundermon

million revenues to XXXX increase Thank $XX.X attributable $XX.X XXXX. September in you, to ended for Integrio the prior Nadir. in the primarily $XXX,XXX in was XX, Net revenues million the were year. for of the Technologies compared three acquisition comparable period months November This

Positioning year months respectively. incurred XX, For is attributable million Infrastructure gross XX, three million to the was months the the for infrastructure the XXXX included margins during compared months XX% the primarily and cost in XX% year increase and compared period. and on year the XX, XXXX increase cost, ended million in Analytics and stock ended $XX.X the Gross related three revenue margin prior year million prior charge to for The quarter attributable XXXX respectively. gross in expenses three $X.X of prior Positioning September segment months in were of to margins for $X.X $XX.X Indoor a the intangibles Net the September decrease XX, depreciation for three gross three margin margins XX, additional XX% holders three Analytics and reduction of months $XXX,XXX and months Infrastructure $X.X This ended Integrio for gross XX% in XX, was by during The prior and September net an operation XXXX goodwill XXXX, Integrio to XXXX XXXX of compared impairment the September to USA XXXX. million, common XXXX XX% ended profit. loss million Inpixon were the amortization which in revenue ended September for $X.X ended to gross segment $X.X was was million for September period. profit period. XX, revenue the offset the lower operating a was ended from XX% loss September was the attributable Indoor lower the to period. for

as months diluted non-GAAP I’d As of EBITDA was to interest, Non-GAAP the income basic Pro months September an $X.X XXXX non-recurring will to net more $X.XX to provision common taxes, share income per into million or in other comments. benefit adjustments for per my compared This EBITDA from the is loss fourth the period. prior-year reductions forma stock-based in period. attributable operating amortization million discussed non-cash items, to operations. and of or expenses changes for loss for XX, of concludes was of significant Adjusted and XXXX Nadir a for per $X.X and the share the income the XX, expense call three to This mentioned, impact And the Nadir. XXXX share over quarter made compared September and before defined prior back adjusted a now items, and results three depreciation loss plus in was increase turn have like net XXXX. ended or $X.XX compensation. year for for ended our loss

Nadir Ali

poised credit shareholders I for business storage aligned Company. Thanks, market and the we have that Wendy. thank of computing believe for their continue IPA our our burn improves. continued to the is in have our this cash minimize to our loyal operations a and and to opportunity our as growth great support situation want We take we rebuild to opportunity

are be a We objectives we ready our and IPA develop with global continue to channel William, partners to this any At this from look that that confident questions have up Thank will the [Operator no to sir. XX time. strong at business time, near allotted we're term. With questions. you, achieve questions, And in pipeline the call these Instructions]. for address open to we minutes to participants there

remarks. this to conclude conference I time the over to for question-and-answers. closing now our Nadir Ali for would any So will like turn back

Nadir Ali

Thanks, future. in the and us wish wish happy to today. we everyone for William. on your season. our look safe I reporting forward progress families and your joining Thank again to and today's call for thank you. holiday a Thanks time you the near I

Operator

today's And attending for the has conference now concluded. you all Thank presentation.

now may lines. your You disconnect

XTI Aerospace (XTIA) 20 Nov 172017 Q3 Earnings call transcript