The result represents 150-percent growth for the Supply Chain as a Service company.
CUPERTINO, Calif., Oct. 11, 2022 /PRNewswire-PRWeb/ -- Inxeption, the leader in Industrial Commerce and supply chain digitization, has ended the third quarter of 2022 with run rate revenues of more than $220 million, representing more than 150-percent growth over the previous year.
Executives have been invited to share the company's success disrupting how industrial customers buy and sell goods to create more efficient markets at investor conferences hosted this month by Morgan Stanley and Goldman Sachs. Investors can meet with Inxeption at the Morgan Stanley Spark Conference in Los Angeles October 11 and 12, and the Goldman Sachs Private Innovative Company Conference in Las Vegas on October 26 and 27.
"Our recent financial success shows we're on the right track toward creating a new framework for industrial commerce. We're solving a complex problem that has been exacerbated in the past two and a half years of supply chain systemic failures, and word is getting out, " said co-founder and CEO Farzad Dibachi. "We are eager to share that story with the investment community."
Industrial manufacturers have been plagued by supply chain complexity for decades. These complexities – which include logistics, procurement, financing and global disruptions – create challenges that distract from core business functions. Inxeption serves an expanding slate of industrial buyers and sellers looking for the optimal way to digitally finance, purchase and ship the goods needed to run their expanding businesses.
Inxeption is poised to finish 2022 with topline results that have increased by 3x from last year. This is all while improving operating margins to near breakeven. Financial growth for the Supply Chain as a Service company has come from new customer acquisition as well as driving collaboration among all industrial commerce stakeholders to ensure seamless facilitation and optimal performance throughout both buyer and supplier networks.
About Inxeption
Inxeption is the Industrial Commerce SuperApp. Its secure and scalable cloud-based digital commerce platform brings Capital, Data, Products and Services on-demand for industrial and supply chain businesses. Companies of any size, in any industry, can drive more sales, gain operational visibility and realize cost savings. Inxeption Commerce Partners enjoy access to sell products on the Inxeption B2B marketplace and to develop new online commerce channels by utilizing valuable applications that simplify and streamline logistics and other operations. Inxeption's challenge to the Industrial sector is "Let's Do Business Better."
Media Contact
Jon Ross, Inxeption, 408-461-5275, [email protected]
SOURCE Inxeption
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