Inpixon has just announced that the merger with XTI Aircraft Company is set to be finalized after the market closes on March 12, 2024.
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After the merger, the company will be rebranded as “XTI Aerospace, Inc.” and will commence trading on Nasdaq under the ticker symbol “XTIA” starting from the market opening on March 13, 2024.
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Furthermore, as part of the consolidation of Inpixon’s common stock, every one hundred shares will be merged into a single share.
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This strategic move is aimed at establishing an innovative aerospace entity dedicated to transforming private air transportation with its groundbreaking TriFan 600 aircraft.
INPX Stock Price Soars by 12.10% on March 11, 2024: Potential Growth Ahead for Investors
On March 11, 2024, INPX stock closed at $0.06, marking a 12.10% increase from the previous market close. The after-hours trading saw a minimal increase of $0.00, indicating that the positive momentum may continue into the next trading day. Investors may be optimistic about the potential growth of INPX stock based on this recent performance. It is important for investors to keep an eye on the stock’s movements and any potential news or developments that may impact its performance in the future. INPX’s price momentum on March 11, 2024, suggests that there may be potential for further growth in the coming days.
INPX Stock Shows Mixed Performance in Financial Results for Past Year and Third Quarter
INPX stock had a mixed performance on March 11, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, the total revenue for the company was $19.42 million for the past year, which was a 21.4% increase compared to the previous year. However, the total revenue remained flat since the last quarter, with a reported $2.02 million. The net income for the company showed a different trend, with a reported -$63.39 million for the past year, an increase of 8.33% compared to the previous year, but a decrease of 49.07% since the last quarter, with a reported -$10.38 million. The earnings per share (EPS) for the company also showed a mixed performance, reported at -$34.12 for the past year, an increase of 36.46% compared to the previous year, and an increase of 15.22% since the last quarter, with a reported -$0.16. Overall, the financial performance of INPX stock on March 11, 2024, showed some positive growth in terms of total revenue and EPS compared to the previous year. However, the net income decreased significantly since the last quarter, which might have impacted the stock performance on that day. Investors and analysts will closely monitor the company’s future financial results to assess its long-term growth potential and stock performance.
