DALLAS, April 15, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), a publicly traded aerospace and defense company operating across drone distribution, unmanned systems, and advanced manufacturing markets through three dedicated divisions, and parent company of Drone Nerds, LLC, a leading drone solutions platform serving enterprise and government customers, today announced financial results for its fourth quarter and full year ended December 31, 2025, and provided the Company's outlook for 2026.
2025 fourth quarter and full year highlights (includes the acquisition of Drone Nerds, LLC and Anzu Robotics, LLC (together, "Drone Nerds") in November 2025, Inpixon results excluded and reflected in discontinued operations):
-- Revenue of $22.5 million -- Gross profit of $4.9 million -- Gross profit as a percentage of revenue of 21.9 percent
For purposes of this release, the Company defines "pro forma" as unaudited supplemental combined financial information.
2025 pro forma fourth quarter XTI highlights(1) (includes Drone Nerds as if the acquisition had occurred as of January 1, 2024):
-- Revenue of $41.7 million -- Gross profit of $8.1 million -- Gross profit as a percentage of revenue of 19.5 percent -- Net loss from continuing operations of $7.6 million
2025 full year pro forma, XTI reported the following highlights(1) (includes Drone Nerds as if the acquisition had occurred as of January 1, 2024):
-- Revenue of $121.6 million -- Gross profit of $26.8 million -- Gross profit as a percentage of revenue of 22.0 percent -- Net loss from continuing operations of $39.0 million
Company guidance:
-- Expecting full year 2026 revenue of $160 million or greater
2025 fourth quarter events:
-- Completed approximately $40 million acquisition of Drone Nerds, a leading
U.S. drone solutions provider, and secured a concurrent $25 million
strategic investment from Unusual Machines, Inc. (Nasdaq: UMAC)
-- Formed strategic alliance with Valkyrie Intelligence LLC ("Valkyrie
Sciences"), including an investment and services agreement, to harness
the intelligence derived from the sizable drone industry data set built
by Drone Nerds
Recent events:
-- Completed the divestiture of the Inpixon RTLS business to streamline the
Company's focus on its drone platform
-- Secured $20 million Asset-Based Lending ("ABL") credit facility with
JPMorgan to support growth and liquidity, subject to customary borrowing
conditions, covenants and availability
-- The Autonomous Defense Systems ("ADS") division, formed through the
reorganization and redesignation of the Company's XTI Aircraft division,
and the Advanced Technology and Manufacturing ("ATM") division, which the
Company is in the process of establishing and which has not yet generated
revenue
-- Strengthened the composition of XTI's Board of Directors with aviation
and unmanned systems expertise through the appointments of Clinton Weber
and Jonathan Ornstein
(1) For information on unaudited supplemental combined financial information
presented, see the section titled "Unaudited Supplemental Combined
Financial Information" in this press release.
"The acquisition of Drone Nerds transformed XTI Aerospace into a scaled, revenue-generating platform," said Scott Pomeroy, Chief Executive Officer of XTI Aerospace. "Drone Nerds is a leading enterprise-focused UAS solutions provider with deep customer relationships and a proven operating model that continues to deliver strong performance. Its OEM-agnostic approach and broad supplier network position us to participate in a rapidly evolving market. Just as important, the platform provides real-time data and market intelligence that informs where we invest, build, and expand. We believe this foundation positions us to support growth and support our expansion into new markets and higher-value opportunities across the business."
"XTI Drones continues to scale as a cash-generating commercial engine. Our Advanced Technology and Manufacturing division strengthens our ability to expand our participation in the value chain through U.S.-based manufacturing. Our Autonomous Defense Systems initiative is building a pipeline of potential military and defense contract opportunities in a large and growing market. Together, these elements create a flywheel that we believe is designed to support growth, margin expansion, and long-term value creation. In 2026, our focus is execution."
Liquidity and Capital Resources
At December 31, 2025, the Company had $16.7 million of unrestricted cash and cash equivalents. An additional $0.2 million of cash is included in current assets of discontinued operations and is not included in unrestricted cash balances.
The Company does not currently expect to require additional capital to support the ordinary-course operating needs of the Drone Nerds business. However, the Company may seek additional capital in the future to support strategic acquisitions and the development of its advanced systems and domestic manufacturing initiatives.
Subsequent to December 31, 2025 and through the date of this filing, holders of certain warrants issued in connection with our 2025 public offerings exercised warrants to purchase 3,963,408 shares of the Company's common stock. These exercises resulted in aggregate cash proceeds to us of approximately $7.9 million. We engaged ThinkEquity LLC as our exclusive advisor in connection with the solicitation of these warrants for which we paid cash compensation of 3% of the gross proceeds, or approximately $0.2 million. After deducting such commissions, the net proceeds we received from these warrant exercises was approximately $7.7 million.
Unaudited Supplemental Combined Financial Information
The Company has provided unaudited supplemental financial information of the combined company in this press release. The following financial information combines XTI and Drone Nerds historical operating results as if the businesses had been operated together on a combined basis during prior periods. This financial information is intended to illustrate the current operating footprint of the Company following the acquisition of Drone Nerds and divestiture of the Company's Industrial IoT / Real-Time Location Systems business.
For the avoidance of doubt, the unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and differs from the unaudited pro forma condensed combined financial information included in the Pro Forma 8-K/A filing dated February 9, 2026 filed with the SEC (the "Pro Forma 8-K Filing"), which was prepared in accordance with Article 11 of Regulation S-X. Accordingly, the unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and is presented for illustrative purposes to assist investors in understanding the operational performance of the combined business, timing and operational impact of the acquisition, and integration of the combined business, and should not be considered a substitute for the pro forma financial information included in the Company's prior filings prepared in accordance with Article 11 of Regulation S-X.
Consequently, the unaudited supplemental combined financial information is intentionally different from, but does not supersede, the pro forma financial information set forth in the Pro Forma 8-K Filing or the pro forma financial information set forth in the Company's most recent annual report on Form 10-K
In addition, the unaudited supplemental combined financial information does not purport to indicate the results that actually would have been obtained had the companies been operated together during the periods presented, or which may be realized in the future. The unaudited supplemental combined financial information has no impact on XTI or Drone Nerds previously reported consolidated balance sheets or statements of operations, cash flows or equity.
XTI Aerospace, Inc. and Subsidiaries
Pro Forma(1) Combined Financial Data
(Unaudited)
For the Three Months
Ended December 31,
------------------------
2025 2024
--------- ---------
(in thousands,
except
percentages) Amount Amount $ Change % Change
--------------- --------- --------- --------- --------
Revenues $ 41,709 $ 26,832 $ 14,877 55%
Gross profit 8,149 3,694 4,455 121%
Gross profit
% 19.5% 13.8% 5.7% 41%
Net loss from
continuing
operations (7,599) (9,045) 1,446 (16)%
For the Years Ended
------------------------
2025 2024
--------- ---------
(in thousands,
except
percentages) Amount Amount $ Change % Change
--------------- --------- --------- --------- --------
Revenues $ 121,590 $ 111,201 $ 10,389 9%
Gross profit 26,784 17,333 9,451 55%
Gross profit
% 22.0% 15.6% 6.4% 41%
Net loss from
continuing
operations (39,042) (23,948) (15,094) 63%
(1) For information on unaudited supplemental combined financial information
presented, see the section titled "Unaudited Supplemental Combined
Financial Information" in this press release.
The unaudited supplemental combined financial information excludes non-recurring transaction-related costs associated with the Drone Nerds acquisition.
Conference Call and Webcast (Live Q&A Format)
The Company will post prepared remarks to the Investor Relations section of its website before the market opens on April 15, 2026. These remarks are intended to provide additional detail and context regarding the Company's financial results and business update.
The Company will host a live webcast on April 15, 2026 at 3:30 PM CT (4:30 PM ET), which will consist of a video-based question and answer session with Scott Pomeroy, Chief Executive Officer, and Brooke Turk, Chief Financial Officer. As part of this format, prepared remarks will not be read but will be available in the Investor Relations section of the Company's website at xtiaerospace.com under "IR News & Events."
Investors and analysts are invited to participate and may register in advance using this link: XTI Aerospace April 15 Earnings Webcast. The registration link is also available in the "Investor Relations" section of the Company's website under "IR News & Events." Dial-in information will be included upon registration.
The replay of the event will be publicly available to all investors in the Investor Relations section, under "IR News & Events" section of the Company's website at xtiaerospace.com following the conclusion of the question and answer session and will remain available for 30 days.
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (Nasdaq: XTIA) is a publicly traded aerospace and defense company operating across unmanned systems, advanced manufacturing, and drone distribution markets through three dedicated divisions.
The Company's Commercial division - XTI Drones, anchored by its Drone Nerds subsidiary, LLC, is one of the nation's leading drone solutions platforms, serving enterprise and government customers across sales, service, and support. The Commercial Division's market reach and transaction data provide XTI with unparalleled visibility into purchasing behavior across the unmanned systems industry -- a strategic intelligence asset the Company may leverage to support future data and analytics initiatives.
The Company's Autonomous Defense Systems ("ADS") division is focused on the design, development, and integration of unmanned platforms for defense and commercial applications, with an emphasis on serving U.S. government customers and supporting domestic procurement initiatives aligned with national security priorities.
The Company's Advanced Technology and Manufacturing (ATM) division is developing a U.S.-based production platform for NDAA-compliant and Department of War ("DoW") Blue List-eligible unmanned systems components and technologies, designed to support domestic manufacturing and supply chain requirements and serve the growing demand for domestically sourced unmanned systems across defense and enterprise markets.
XTI Aerospace is headquartered in Addison, Texas.
For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release are forward-looking statements.
Forward-looking statements may be identified by words such as "believe," "continue," "could," "would," "will," "expect," "intend," "plan," "target," "estimate," "project," or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, market adoption, regulatory requirements, supply chain conditions, technological development, integration of the acquired businesses, availability of capital and liquidity, and changes in applicable laws or regulations as well as the other risks and uncertainties described in the Company's filings with the U.S.
165 Securities and Exchange Commission. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Readers are encouraged to review the risk factors described in XTI's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.
Contacts:
General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact
Investor Relations:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: XTIA@redchip.com
XTI Aerospace, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)
For the Three
Months Ended December For the Year Ended
31, December 31,
----------------------- ---------------------
2025 2024 2025 2024
---------- ---------- ---------- --------
Revenues $ 22,490 $ -- $ 22,490 $ --
Cost of Revenues 17,569 -- 17,569 --
---------- ---------- ---------- --------
Gross Profit 4,921 -- 4,921 --
Operating Expenses
Research and
development 1,287 491 5,240 1,970
Sales and marketing 2,323 545 5,604 1,517
General and
administrative 12,719 4,505 32,845 19,660
Merger-related
transaction costs 3,429 -- 3,887 6,490
Amortization of
intangible assets 142 8 166 30
---------- ---------- ---------- --------
Total Operating
Expenses 19,900 5,549 47,742 29,667
---------- ---------- ---------- --------
Loss from Operations (14,979) (5,549) (42,821) (29,667)
Other (Expense)
Income
Interest expense,
net (51) (229) (270) (782)
Amortization of
deferred loan
costs -- -- -- (17)
Loss on conversion
of note receivable
to equity
instrument -- (2,630) -- (2,630)
Loss on
extinguishment of
debt -- -- (421) (6,732)
Provision for
expected
credit losses
on convertible
note
investment (2,039) -- (2,039) --
Change in fair
value of
convertible notes
payable -- -- -- 12,882
Change in fair
value of equity
securities -- (1,068) (349) (1,068)
Change in fair
value of warrant
liability 2,684 -- (596) (281)
Warrant issuance
expense -- -- (6,580) --
Other income, net 30 24 30 42
Total Other (Expense)
Income 624 (3,903) (10,225) 1,414
Loss from continuing
operations before
income taxes (14,355) (9,452) (53,046) (28,253)
Income tax benefit
(provision) 4 -- 10 (16)
---------- --------
Net loss from
continuing
operations, net of
tax (14,351) (9,452) (53,036) (28,269)
Loss from discontinued
operations, net of
tax (6,964) (4,404) (15,455) (7,334)
Net loss (21,315) (13,856) (68,491) (35,603)
Net loss attributable
to noncontrolling
interest (270) -- (270) --
Net loss attributable
to XTI Aerospace,
Inc. (21,585) (13,856) (68,761) (35,603)
Preferred stock
dividends (408) (110) (437) (606)
Deemed dividends -- (258) -- (772)
---------- --------
Net Loss Attributable
to Common
Stockholders $ (21,993) $ (14,224) $ (69,198) $(36,981)
========== ========== ========== ========
Net loss per share -
basic and diluted:
Continuing
operations $ (0.45) $ (14.28) $ (3.28) $(129.24)
Discontinued
operations $ (0.21) $ (6.41) $ (0.96) $ (33.54)
Net loss $ (0.66) $ (20.69) $ (4.24) $(162.78)
Weighted Average
Shares Outstanding,
Basic and Diluted 32,744,968 687,471 16,337,782 227,193
Net loss per share from continuing and discontinued operations is calculated based on net loss attributable to common stockholders. Preferred stock dividends and deemed dividends are allocated to continuing and discontinued operations on a proportional basis.
XTI Aerospace, Inc. And Subsidiaries
Consolidated Balance Sheets
(In thousands)
(Unaudited)
As of As of
December 31, December 31,
2025 2024
----------------- ----------------
Assets
Current Assets
Cash and cash
equivalents $ 16,696 $ 3,972
Accounts
receivable, net of
allowance for
credit losses 12,093 --
Other receivables -- 513
Inventories 15,400 --
Prepaid expenses
and other current
assets 3,989 888
Current assets of
discontinued
operations 3,645 3,208
------ --------- ------ --------
Total Current Assets 51,823 8,581
Property and
equipment, net 385 72
Operating lease
right-of-use asset,
net 2,965 310
Intangible assets, net 9,338 284
Goodwill 11,544 --
Other assets 403 1,095
Non-current assets of
discontinued
operations 4,788 13,949
------ --------- ------ --------
Total Assets $ 81,246 $ 24,291
====== ========= ====== ========
Liabilities
Current Liabilities
Accounts payable $ 5,212 $ 5,190
Related party
payables -- 51
Accrued expenses and
other current
liabilities 6,165 6,071
Accrued interest 391 522
Customer deposits 3,071 1,350
Warrant liability 22,561 --
Operating lease
obligation, current 550 88
Short-term debt 7,931 2,657
Current liabilities
of discontinued
operations 1,722 1,492
------ --------- ------ --------
Total Current
Liabilities 47,603 17,421
Long Term Liabilities
Long-term debt 450 65
Operating lease
obligation,
noncurrent 2,427 231
Non-current
liabilities of
discontinued
operations 322 --
------- --------- ------ --------
Total Liabilities 50,802 17,717
Commitments and
Contingencies
Representative and
placement agent
warrants, net of
issuance costs 2,701 --
Stockholders' Equity
Preferred Stock -- --
Series 4
Convertible
Preferred Stock -- --
Series 5
Convertible
Preferred Stock -- --
Series 9 Preferred
Stock -- 1,331
Series 10
Convertible
Preferred Stock 21,793 --
Common Stock 33 2
Additional paid-in
capital 157,354 99,425
Accumulated other
comprehensive
income 881 (622)
Accumulated deficit (162,323) (93,562)
------ --------- ------ --------
Total
Stockholders'
Equity 17,738 6,574
Noncontrolling
interest 10,005 --
------- --------- ------ --------
Total Equity 27,743 6,574
------ --------- ------ --------
Total Liabilities,
Mezzanine Equity and
Equity $ 81,246 $ 24,291
======= ========= ====== ========
XTI Aerospace, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
For the Years Ended
December 31,
-----------------------
2025 2024
------------ ---------
Cash Flows Used in Operating Activities
Net loss $ (68,491) $(35,603)
Adjustment to reconcile net loss to net
cash used in operating activities:
Depreciation and amortization 148 113
Amortization of intangible assets 387 622
Amortization of right-of-use asset 114 237
Non-cash interest expense, net 145 417
Stock-based compensation 12,046 4,121
Impairment of goodwill 9,895 --
Impairment of intangible assets 631 2,507
Provision for credit losses 2,129 --
Loss on conversion of note receivable to
equity investment -- 2,630
Unrealized loss on equity investment -- 628
Change in fair value of convertible
notes payable -- (12,882)
Loss on extinguishment of debt 421 6,732
Warrant issuance expense 6,580 --
Change in fair value of warrant
liability 596 281
Other 4 359
Changes in operating assets and
liabilities:
Accounts receivable and other
receivables (1,993) (18)
Inventories 2,618 611
Prepaid expenses and other current
assets 4,572 922
Other assets 311 40
Accounts payable (2,543) 346
Related party payables (51) --
Accrued expenses and other current
liabilities (3,696) 6,039
Accrued interest 116 259
Customer deposits (271) --
Deferred revenue (167) (435)
Operating lease obligation (112) (233)
-------- --------
Net Cash Used in Operating Activities (36,611) (22,307)
Cash Flows (Used in) Provided by Investing
Activities
Purchase of property and equipment (215) (68)
Cash received in purchase of Inpixon -- 2,968
Investment in convertible note receivable (2,000) --
Acquisition of Drone Nerds, net of cash
acquired (16,547) --
Purchase of intangible asset -- (47)
-------- --------
Net Cash (Used in) Provided by Investing
Activities (18,762) 2,853
Cash Flows Provided by Financing
Activities
Net proceeds from sale of common stock and
pre-funded warrants via public offerings 57,051 --
Net proceeds from ATM stock offerings 1,667 22,213
Net proceeds from issuance of Series 10
Convertible Preferred Stock 22,750 --
Net proceeds from the exercise of equity
classified warrants -- 2
Net proceeds from the exercise of
liability classified warrants 4,061 --
Net proceeds from issuance of promissory
notes -- 2,000
Net proceeds from loan from Inpixon (prior
to merger) -- 1,012
Redemptions of Series 9 Preferred Stock (1,427) (795)
Repayments of debt (15,892) (868)
-------- --------
Net Cash Provided by Financing Activities 68,210 23,564
Effect of Foreign Exchange Rate on Changes
on Cash (23) (10)
-------- --------
Net Increase in Cash and Cash Equivalents 12,814 4,100
Cash and Cash Equivalents -- Beginning of
year 4,105 5
-------- --------
Cash and Cash Equivalents -- End of year $ 16,919 $ 4,105
======== ========
XTI Aerospace, Inc. and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
(In thousands)
(Unaudited)
For the Three Months Ended
December 31, 2025
----------------------------------------------------
Drone Nerds Transaction
Pre-Acquisition Accounting
(in thousands) GAAP Activity Adjustments Proforma
--------------- --------- ----------------- ----------- --------
Revenues $ 22,490 $ 19,219 $ - 41,709
Cost of revenues 17,569 15,991 - 33,560
-------- ------------- ---------- -------
Gross profit 4,921 3,228 - 8,149
Operating
expenses 19,900 1,254 (5,221) a 15,933
-------- ------------- ---------- -------
Loss from
operations (14,979) 1,974 5,221 (7,784)
Other (expense)
income 624 (263) (180) b 181
-------- ------------- ---------- -------
Net income
(loss), before
tax (14,355) 1,711 5,041 (7,603)
Income tax
benefit 4 - - 4
-------- ------------- ---------- -------
Net income
(loss) $(14,351) $ 1,711 $ 5,041 $(7,599)
======== ============= ========== =======
a) Non-recurring transaction costs associated with Drone Nerds acquisition
(less $5,442) and amortization of the purchase price allocation for
intangible assets identified for Drone Nerds (plus $221)
b) Interest on the promissory notes issued as part of the Drone Nerds
acquisition consideration
For the Three Months Ended
December 31, 2024
---------------------------------------------------
Drone Nerds Transaction
Pre-Acquisition Accounting
(in thousands) GAAP Activity Adjustments Proforma
--------------- -------- ----------------- ----------- --------
Revenues $ - $ 26,832 $ - 26,832
Cost of revenues - 23,138 - 23,138
------- ------------- ---------- -------
Gross profit - 3,694 - 3,694
Operating
expenses 5,549 2,695 221 a 8,465
------- ------------- ---------- -------
Loss from
operations (5,549) 999 (221) (4,771)
Other (expense)
income (3,903) (191) (180) b (4,274)
------- ------------- ---------- -------
Net income
(loss), before
tax (9,452) 808 (401) (9,045)
Income tax
benefit - - - -
------- ------------- ---------- -------
Net income
(loss) $(9,452) $ 808 $ (401) $(9,045)
======= ============= ========== =======
a) Amortization of the purchase price allocation for intangible assets
identified for Drone Nerds
b) Interest on the promissory notes issued as part of the Drone Nerds
acquisition consideration
For the Twelve Months Ended
December 31, 2025
-----------------------------------------------------
Drone Nerds Transaction
Pre-Acquisition Accounting
(in thousands) GAAP Activity Adjustments Proforma
--------------- --------- ----------------- ----------- ---------
Revenues $ 22,490 $ 99,100 $ - 121,590
Cost of revenues 17,569 77,237 - 94,806
-------- ------------- ---------- --------
Gross profit 4,921 21,863 - 26,784
Operating
expenses 47,742 11,311 (4,763) a 54,290
-------- ------------- ---------- --------
Loss from
operations (42,821) 10,552 4,763 (27,506)
Other (expense)
income (10,225) (601) (720) b (11,546)
-------- ------------- ---------- --------
Net income
(loss), before
tax (53,046) 9,951 4,043 (39,052)
Income tax
benefit 10 - - 10
-------- ------------- ---------- --------
Net income
(loss) $(53,036) $ 9,951 $ 4,043 $(39,042)
======== ============= ========== ========
a) Non-recurring transaction costs associated with Drone Nerds acquisition
(less $5,442), Drone Nerds amortization (less $206), amortization of the
purchase price allocation for intangible assets identified for Drone Nerds
(plus $885)
b) Interest on the promissory notes issued as part of the Drone Nerds
acquisition consideration
For the Twelve Months Ended
December 31, 2024
---------------------------------------------------
Drone Nerds Transaction
Pre-Acquisition Accounting
(in thousands) GAAP Activity Adjustments Proforma
--------------- --------- --------------- ----------- ---------
Revenues $ - $ 111,201 $ - 111,201
Cost of revenues - 93,868 - 93,868
-------- -------------- ---------- --------
Gross profit - 17,333 - 17,333
Operating
expenses 29,667 13,401 (5,605) a 37,463
-------- -------------- ---------- --------
Loss from
operations (29,667) 3,932 5,605 (20,130)
Other (expense)
income 1,414 (952) (4,264) b (3,802)
-------- -------------- ---------- --------
Net income
(loss), before
tax (28,253) 2,980 1,341 (23,932)
Income tax
provision (16) - - (16)
-------- -------------- ---------- --------
Net income
(loss) $(28,269) $ 2,980 $ 1,341 $(23,948)
======== ============== ========== ========
a) Non-recurring transaction costs associated with Drone Nerds acquisition
(less $6,490) and amortization of the purchase price allocation for
intangible assets for Drone Nerds (plus $885)
b) Interest on the promissory notes issued as part of the Drone Nerds
acquisition consideration (less $744). The pro forma results for the year
ended December 31, 2024 exclude nonrecurring merger-related transaction
costs and losses recognized in connection with the conversion and
extinguishment of convertible notes, including related fair value
adjustments and inducement expenses, as these items are directly
attributable to prior recapitalization transactions and do not have a
continuing impact on the combined company (less $3,520).
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SOURCE XTI Aerospace, Inc.
(END) Dow Jones Newswires
April 15, 2026 08:50 ET (12:50 GMT)
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