Bearish stock to watch: Inpixon (NASDAQ: INPX)

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Inpixon (NASDAQ: INPX) stock plunged 25.78% on January 7th, 2020 (Source: Google finance) and continued its bearish momentum falling over 4.4% in the pre market session of January 7th, 2020 after the company approved a reverse stock split of the Company’s common stock to regain Nasdaq compliance, which was effective from the commencement of trading on January 7, 2020. According to which every forty-five shares of its outstanding common stock will automatically be combined into one share of common stock. The reverse split was already approved by the Company’s shareholders on November 15, 2019. The Company’s continued listing depends upon the written decision of the Nasdaq hearings panel after an appeal hearing.

On the other hand, the company has been selected by Parque Arauco Kennedy Mall, Latin American real estate developer, as their indoor mapping partner. Inpixon’s indoor mapping platform, which is Jibestream, offers smart and fully customizable indoor mapping solutions. This will then be combined with the company’s other indoor data solutions for the delivery of actionable indoor location data and intelligence. Parque Arauco’s first initiative is the implementation of Inpixon’s indoor navigation and wayfinding into mall kiosks and the Parque Arauco Kennedy website.

Meanwhile, the global market for indoor location and analytics is projected to reach $54.6 billion by 2026. INPX’s focus is continue to innovate with indoor data for the expansion of the value for the customers by leveraging artificial intelligence (AI) and big data. The company’s engineering team is exploring ways to expand the capacity in these areas to allow customers to take advantage of their indoor data in ways that were previously unfathomable. The company has also recently announced the plans for an Ultra-Wideband (UWB) module to deliver centimeters-level positional accuracy for people and assets. The company plans to focus on unifying and branding the expanding portfolio of offerings. The company can do this with its improved cash position due to the $6.5 million the company had raised this quarter through the ATM facility.

Additionally in 2019, the company had made a number of strategic acquisitions. The company had acquired Locality Systems, which is a video analytics technology company who provides complemented Inpixon’s existing solutions. Through this acquisition, the company will provide market’s most comprehensive product lines for visitor analytics and physical cyber security. The company in 2019 had  acquired a GPS technology portfolio, for the integration of outdoor GPS with the indoor positioning system. The company also acquired industry-leading indoor mapping company, Jibestream. These acquisitions have helped the company to bring together the key components of a comprehensive unified indoor data and location platform.

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