Good afternoon, everyone, and welcome to the Inpixon Earnings Conference Call for the Fiscal Year Ended December 31, 2018. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions from equity analysts. [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. A replay of this call will be available approximately one hour after the end of the call through April 26, 2019. At this time, I would like to turn the conference call over to Mr. John Marco, Managing Director of CORE IR, the Company's Investor Relations firm. Please go ahead, sir.

Thank you, operator, and thank you for joining today's conference call to discuss Inpixon's corporate developments and financial results for the fiscal year ended December 31, 2018. With us today are Nadir Ali, the Company's CEO; and Wendy Loundermon, VP of Finance. After the market closed today, Inpixon released financial results for the fiscal year ended December 31, 2018. If you have not received Inpixon's earnings release, please visit the Investors page at www.inpixon.com. During the course of this conference call, the Company will be making forward-looking statements. The Company cautions you that any statement that is not a statement of historical fact is a forward-looking statement. This includes any projections of earnings, revenues, cash or other statements relating to the Company's future financial results; any statements about plans, strategies or objectives of management for future operations; any statements concerning proposed new products, any statements regarding anticipated new relationships or agreements, any statements regarding expectations for the success of the Company's products in the U.S. and international markets, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this conference call and are subject to numerous risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Some of these risks are described in the section of today's press release titled, Cautionary Note on Forward-Looking Statements, and in the public periodic reports the Company files with the Securities and Exchange Commission. Investors or potential investors should read these risks. Inpixon assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. In addition, to supplement the GAAP numbers, the Company has provided non-GAAP adjusted net loss and net loss per share information in addition to non-GAAP adjusted EBITDA information. The Company believes that these non-GAAP numbers provide meaningful supplemental information and are helpful in assessing our historical and future performance. A table reconciling the GAAP information to the non-GAAP information is included in the Company's financial release. I will now turn the call over to Nadir Ali, Inpixon's CEO. Nadir?

Thanks, John, and good afternoon, everyone. Welcome to our 2018 fiscal year-end earnings call and corporate update, and thank you for joining us. A slide deck accompanying this conference call is available on our Investor Relations website for you to follow along with. As an Indoor Positioning Analytics company, Inpixon's strength is in its technology, which captures all connected cellular, Wi-Fi, Bluetooth, and RFID devices anonymously. These capabilities paired with a high-performance data analytics platform are proven to deliver unmatched visibility, security, and business intelligence in practically any commercial and government premise worldwide. Our primary objective now is to increase our Indoor Positioning Analytics revenue among both commercial and government customers with a focus towards achieving positive cash flow results. In the second half of 2018, we were able to increase the number and breadth of our channel partners and customers in the commercial and federal sectors, resulting in quarter-over-quarter growth and we continue to build on that momentum into 2019. Also in December, we reported that we shipped a record number of our IPA Sensors in Q4 2018. This represents a 100% increase over the highest number of what we shipped in any other prior quarter. Shipments were strong for Canada, Europe and the Middle East and across a number of industries including government, corrections, high tech, retail, finance, telecom and events. I also want to mention that in the fourth quarter, we have scaled production to meet the increased demand. In a market that is forecasted by research firm MarketsandMarkets to grow at 42% compound annual growth rate to $40 billion by 2022 as compared to $7 billion in 2017, we believe our growth strategy is beginning to bear fruit. We see this manifesting in more customer inquiries from a variety of verticals, we see it in analysts…

Thank you, Nadir. Revenues for the year ended December 31, 2018 were $3.8 million, compared to $3.9 million for the comparable period in the prior year or a decrease of approximately $100,000 or 2.6%. Revenues between the two comparable periods are relatively flat due to an increase in our IPA product revenues, which was offset by a decrease in our Shoom services revenue. Gross profit for the years ended December 31, 2018 and December 31, 2017 were $2.7 million. The gross profit margin for the year ended December 31, 2018 was 71% compared to 69% for the year ended December 31, 2017. This slight increase in margin is primarily due to the sales mix of products and services sold during the 2018 year. GAAP net loss attributable to stockholders of Inpixon for the year ended December 31, 2018 was $24.6 million compared to $35 million for the comparable period in the prior year. This decrease in net loss of approximately $10.4 million was primarily attributable to the $2 million of lower other income and expenses offset by a $3.4 million increase in operating expenses during 2018, plus a $12 million lower loss from deconsolidated operations of the spin-off of Sysorex during the year ended December 31, 2018. 2018 pro forma non-GAAP net loss was $18.7 million compared to a non-GAAP net loss of $17.8 million for 2017. Pro forma non-GAAP net loss per basic and diluted common share for the 12 months ended December 31, 2018 was $24.18 per share compared to a loss of $2,747.92 per share for the prior year period. Non-GAAP net loss per share is defined as net loss per basic and diluted share adjusted for deemed dividends and non-cash items, including stock-based compensation, amortization of intangibles and one-time charges including gain on the settlement of obligations, extinguishment loss for debt modification, goodwill impairment, gain on earnout, debt forgiveness, write-off of project expenses, provision for doubtful accounts, gain on the sale of contracts and the costs associated with the public offering. Non-GAAP adjusted EBITDA for the year ended December 31, 2018 was a loss of $15 million compared to a loss of $12.1 million for the prior year period. Non-GAAP adjusted EBITDA is defined as net income or loss before interest, provision for income taxes and depreciation and amortization plus adjustments for deemed dividends, other income or expense items, non-recurring items and non-cash items. On the balance sheet, we ended the year with cash and cash equivalents of $1 million and total current assets of $3.4 million. However, Inpixon did raise gross proceeds of $12 million in January 2019 through an oversubscribed rights offering. Net cash used in operating activities during the year ended December 31, 2018, was $26.8 million. This concludes my comments, and I'd now like to turn the call back over to Nadir.

Thanks, Wendy. As I said in my opening comments, we have been able to increase the number of channel partners and customers in the second half of 2018 resulting in revenue growth for the IPA business quarter-over-quarter and we are continuing to build on that momentum into 2019. Our channel partner network is key to our growth globally. The pipeline is robust, seeing a steady increase in interest across several industries, including high-technology, retail banking, entertainment, healthcare, and various federal agencies. Some of the prospects in this current pipeline have already become new customers and have received shipments as our Company continues to expand its reach in the U.S. and abroad. Here are several examples of the interest we have recently received. Initial evaluation systems have been deployed at one of the world's largest technology firms to secure its worldwide facilities against rogue device attacks. A global defense and space systems contractor has ordered an Inpixon PSK or portable unit as a test for securing sensitive areas within its facilities around the world. The U.S. government is piloting PSKs for detecting the presence of contraband mobile phones and other radio frequency based communication devices in federal prisons. A Middle Eastern telecom provider is piloting Inpixon IPA intelligence in stores in order to enhance customer experiences. Leveraging advanced analytics the provider will be able to understand customer journey and areas that may cause congestion or high wait times. In Kuwait, Inpixon IPA Sensors have been deployed for visitor management in a multistory building. These have the potential to represent multimillion dollar opportunities for Inpixon that we believe will help us achieve our growth objectives and move us to a positive cash flow. Our Company has unique industry-leading products with real-world practical value across our segment offerings with an escalating demand. Our plan is to continue grow our business through our channel partner community and we are making progress both in the quantity and quality of leads that are being added by new reseller partners. Every day, we are continuing to aggressively pursue these relationships and forge new ones to increase our market share. As I mentioned earlier, we are also actively pursuing several complementary acquisition targets that we think are very interesting and will add to our growth plans and capabilities. This market is fragmented and provides us an opportunity to become the dominant player if we are able to acquire the right companies and technologies to strengthen and grow our platform. We expect our continued efforts will deliver consistent and reliable performance as we move forward that will enable us to create long-term, dependable value. We want to thank our shareholders for their continued support. With that, Jamie, I think we're ready to open up the call to any questions.

[Operator Instructions] : :

And ladies and gentlemen, at this time, I’m showing no questions. I'd like to conclude today's question-and-answer session and turn the conference call back over to Nadir Ali for closing remarks.

Thanks, Jamie. Thank you everyone again for your support and interest in Inpixon and for your time today. We are excited about our path and the opportunities ahead and look forward to sharing more progress with you in the coming year. Thank you.

Ladies and gentlemen, the conference has now concluded. We do thank you for attending today's presentation. You may now disconnect your lines.