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Inpixon Q1 loss widens 51.7% YOY

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Inpixon Q1 loss widens 51.7% YOY

Inpixon said its normalized net income for the first quarter came to a loss of $47.93 per share, compared with the S&P Capital IQ consensus estimate of a loss of $31.50 per share.

The per-share loss grew 19.4% year over year from $40.14.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.7 million, compared with a loss of $1.8 million in the prior-year period.

The normalized profit margin dropped to negative 19.0% from negative 12.5% in the year-earlier period.

Total revenue came to $14.1 million, compared with $14.1 million in the year-earlier period, and total operating expenses climbed 8.3% on an annual basis to $18.2 million from $16.9 million.

Reported net income totaled a loss of $4.3 million, or a loss of $77.11 per share, compared to a loss of $2.9 million, or a loss of $66.02 per share, in the year-earlier period.