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XTI Aerospace — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached $35.3 million (up 8.8% sequentially and 46.1% vs. Q3 2025 proforma), with Adjusted EBITDA turning positive at $1.6 million compared to a $4.9 million loss in Q2; full-year revenue guidance remains $125–$130 million.
  • The strategic pivot to the Drone Nerds business is substantially complete following the discontinuation of the XTI aircraft and Inpixon operations, supported by new product launches including the ABZ Innovation C30 and Evolver DFR programs.
  • Management expects a transition to positive ongoing operating cash flows in Q4 2026, driven by a 42% reduction in average monthly corporate cash outflows to $1.1 million and disciplined expense management.
  • Key liquidity and governance updates include the restructuring of $4.7 million in defaulted promissory notes, securing a cross-default waiver from JPMorgan Chase, and the appointment of Dr. Allan Evans as Chairman and Jeremy Schneiderman as Interim CEO.
Company
XTI AEROSPACE INC
Sector
Technology
Industry
Software - Application