Business
XTI Aerospace Reports First Quarter 2026 Results
XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its first quarter ended March 31, 2026, and provided an update on the Company's outlook for 2026.
About this update from Xti Aerospace, Inc.
[{"type":"text","content":"DALLAS, May 14, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its first quarter ended March 31, 2026, and provided an update on the Company's outlook for 2026.","length":490,"tagName":"p"},{"type":"image","alt":"XTI Aerospace Logo (PRNewsfoto/XTI Aerospace, Inc.)","displaySize":"","headline":null,"caption":"XTI Aerospace Logo (PRNewsfoto/XTI Aerospace, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":240,"url":"https://media.zenfs.com/en/prnewswire.com/2e244aac2df0cb488ddc830f1ac246a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5h9dOHWo6joTv93uHvLuPw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMw--/https://media.zenfs.com/en/prnewswire.com/2e244aac2df0cb488ddc830f1ac246a9","width":400,"height":240},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/P.vuVPqQ6A4i7OK9kpuVxA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM4NA--/https://media.zenfs.com/en/prnewswire.com/2e244aac2df0cb488ddc830f1ac246a9","width":400,"height":240}},"href":"https://mma.prnewswire.com/media/2656341/XTI_Aerospace_Vertical_Logo_Black.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"2026 first quarter highlights (Inpixon results excluded and reflected in discontinued operations):","length":103,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $27.7 million","length":24,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $5.1 million","length":28,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit as a percentage of revenue of 18.6 percent","length":55,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":107,"olType":false},{"type":"text","content":"2026 Financial Outlook and Guidance(1):The Company expects to achieve the following targets for the full year 2026:","length":116,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full year 2026 revenue of $160 million or greater","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2026 gross profit as a percentag...