Financial Performance - XTI Aerospace closed a $18.5 million net public offering in September 2025, significantly enhancing its balance sheet and liquidity for ongoing engineering work [2]. - Cash and cash equivalents increased to $32.2 million as of September 30, 2025, up from $4.1 million at December 31, 2024, primarily due to the net proceeds from the September offering [6]. - Stockholders' equity grew to $10.5 million as of September 30, 2025, up from $6.6 million at December 31, 2024, reflecting new capital raised [6]. - XTI secured a $25 million strategic investment from Unusual Machines, strengthening its balance sheet and aligning with the domestic drone ecosystem [8]. Product Development - The company completed initial flight operations for the Sparrow and Kestrel prototypes, validating aerodynamic and stability models for the TriFan 600 [3]. - XTI announced a technology collaboration with MagLev Aero for up to 100 MagLev HyperDrive electric propulsion systems for future platforms [6]. - The Valkyrie Vanguard Platform was announced to integrate AI and advanced materials into next-generation VTOL development, enhancing the TriFan 600's technical roadmap [9]. Market Position and Strategy - The acquisition of Drone Nerds added a profitable operating business with over $100 million in revenue for 2024, enhancing XTI's market position [8]. - XTI launched the XTI Founders Club, an exclusive ownership pathway for early TriFan 600 customers, with events planned in key U.S. markets [6]. - XTI's strategic priorities include advancing FAA engagement and scaling customer-centric design programs with IDEO [10].

Accessibility StatementSkip Navigation ENGLEWOOD, Colo., Nov. 19, 2025 /PRNewswire/ -- XTI Aerospace, Inc. ("XTI" or the "Company") [NASDAQ: XTIA], the developer of vertical flight technologies and the TriFan 600 next-generation vertical takeoff and landing (VTOL) aircraft for commercial and defense aerospace applications and the emerging Vertical EconomyÔ, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, and provided an update on recent corp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-36404 XTI AEROSPACE, INC. (Exact name of registrant as specified in its charter) (State or o ...

Accessibility StatementSkip Navigation Updates on XTI Aircraft Program, Drone Nerds Acquisition, and Strategic Investment from Unusual Machines ENGLEWOOD, Colo. and DALLAS, Nov. 14, 2025 /PRNewswire/ -- XTI Aerospace, Inc. ("XTI" or the "Company") [NASDAQ: XTIA], a leader in scalable vertical-flight technologies and developer of the TriFan 600 next-generation vertical takeoff and landing (VTOL) aircraft, announced today that it will host a Town Hall event for investors, analysts, and members of the media. T ...

Accessibility StatementSkip Navigation ENGLEWOOD, Colo., Nov. 13, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), the developer of vertical flight technologies and the TriFan 600 next-generation vertical takeoff and landing (VTOL) aircraft for commercial and defense aerospace applications and the emerging Vertical Economyâ"¢, today announced that its 2025 Annual Meeting of Stockholders (the "Annual Meeting"), which was originally scheduled to be held on November 14, 2025, has been postpone ...

Core Insights - XTI Aerospace, Inc. has acquired Drone Nerds, LLC, a leading U.S. drone distributor, for approximately $40 million, enhancing XTI's position in the unmanned aircraft systems (UAS) market [1][3][4] - The acquisition is expected to significantly expand XTI's scale, recurring revenue base, and operational footprint, aligning with its strategy to build a comprehensive portfolio of vertical flight and UAS capabilities [4][6] - Following the acquisition, XTI closed a $25 million private placement investment from Unusual Machines, which will support the integration and growth of Drone Nerds within XTI [2][4] Acquisition Details - Drone Nerds reported over $100 million in annual revenue for 2024 and more than $55 million in revenue for the first half of 2025, with a decade-long record of profitability [1][3] - The acquisition consideration includes $20 million in cash, $11.9 million in promissory notes, and $9.7 million in equity consideration, which can be converted into common shares of XTI [5] - No common stock has been issued to Drone Nerds or Unusual Machines at the time of the acquisition [3][5] Strategic Implications - The acquisition positions Drone Nerds to play a pivotal role in the evolving U.S. drone landscape, especially as the country increases restrictions on Chinese drone companies [4][6] - XTI aims to leverage Drone Nerds' technical expertise and industry reach to enhance its offerings in autonomous flight and drone-as-a-service solutions [4][6] - The partnership is expected to drive cost efficiencies and competitive advantages across various sectors, including logistics, emergency response, and agriculture [6]

Core Viewpoint - XTI Aerospace has appointed Dr. Alex Williams as Executive Vice President of Technology to enhance its collaboration with Valkyrie AI, focusing on integrating advanced AI and autonomous networking into the TriFan aircraft family [1][5]. Company Leadership and Expertise - Dr. Williams brings extensive experience in aerospace engineering, technology development, and manufacturing, having served as a strategic advisor to XTI since June 2025 [2]. - He holds a Ph.D. in Mechanical Engineering from Georgia Tech, with a background in manufacturing technologies and biofuels, and has previously led aerospace technology programs for Pratt & Whitney [3]. - His tenure at Apple involved managing advanced research facilities, contributing to foundational technologies for products like the iPhone and Apple Watch [4]. Strategic Goals and Technology Development - XTI aims to position the TriFan aircraft as a market leader in autonomous and AI-enhanced capabilities, which are crucial for the Vertical Economy [5]. - Dr. Williams will lead efforts to integrate Valkyrie's mesh intelligence framework, enhancing real-time coordination across various systems in the aircraft [5][6]. - The company is focused on advancing flight autonomy, onboard decision-making, and data-driven maintenance systems, particularly for the TriFan 600 [8]. Vision for the Vertical Economy - XTI's vision for the Vertical Economy includes innovative aircraft design combined with AI and advanced materials to create a connected ecosystem for air mobility [7][9]. - Dr. Williams emphasizes the potential for safer and smarter aircraft and airspace management solutions through the collaboration with Valkyrie [6].

Core Points - XTI Aerospace will participate in The ThinkEquity Conference on October 30, 2025, in New York, providing a platform for company presentations and investor meetings [1][3] - CEO Scott Pomeroy will present at 2:30 PM EST and management will hold one-on-one investor meetings throughout the day [2] - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, maximum cruising speeds over 300 mph, and a range of up to 1,000 miles [4] Company Overview - XTI Aerospace, Inc. is the parent company of XTI Aircraft Company, focused on innovative aviation solutions [4] - The company is also involved in real-time location systems technology through its Inpixon business unit, which enhances operational efficiency in industrial settings [4] ThinkEquity Conference Details - The ThinkEquity Conference has previously featured over 70 company presentations, 700+ attendees, and 500+ one-on-one meetings, facilitating connections between companies and investors [3]

Core Insights - XTI Aerospace, Inc. is advancing scalable vertical flight technologies with its TriFan 600, a next-generation VTOL aircraft, and will host a Town Hall for investors and analysts on November 17, 2025 [1][3] Company Overview - XTI Aerospace, Inc. is the parent company of XTI Aircraft Company, based near Denver, Colorado, developing the TriFan 600, which features vertical takeoff and landing capabilities, maximum cruising speeds over 300 mph, and a range of up to 1,000 miles, creating a new category known as xVTOL [3] Upcoming Events - A Town Hall meeting will be conducted via video conference on November 17, 2025, at 4:30 p.m. Eastern, where company management will provide formal remarks followed by a Q&A session [1][2]

Core Insights - The collaboration between XTI Aerospace and Valkyrie Sciences aims to develop the Vanguard Platform, an intelligent technology system for the next generation of vertical takeoff and landing (VTOL) aircraft, leveraging advanced materials and AI [1][2][3] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, maximum cruising speeds over 300 mph, and a range of up to 1,000 miles, creating a new category known as xVTOL [4] - Valkyrie specializes in applying AI to optimize the physical economy, focusing on sectors such as manufacturing, materials, semiconductors, energy, and aerospace [5][6] Strategic Collaboration - The alliance includes a strategic investment of $2 million by XTI in Valkyrie and a services agreement, building on Valkyrie Founder Charlie Burgoyne's role on XTI's Corporate Advisory Board [2][3] - Valkyrie's expertise in mesh intelligence and digital-twin systems will enhance the capabilities of the XTI TriFan 600 aircraft [2][3] Technological Innovation - The Vanguard Platform will integrate Valkyrie's distributed mesh intelligence, enabling real-time coordination across aircraft systems and emphasizing lean, data-driven development [3] - The collaboration is positioned as a first-of-its-kind approach in the aerospace sector, focusing on applied AI as a significant differentiator [3]