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XTI Aerospace to Participate in 2026 Wharton Aerospace Conference on Innovation and National Security
Prnewswire· 2026-03-06 13:30
Core Insights - XTI Aerospace is participating in the 2026 Wharton Aerospace Conference, focusing on innovation and national security technologies [1] - The conference gathers leaders from aerospace, defense, investment, and government sectors to discuss future aerospace innovations [1] - XTI's Executive Vice President, Steve Zohrabian, will be on a panel discussing manufacturing and innovation in national security [1] Company Overview - XTI Aerospace, Inc. is an aerospace technology company that focuses on vertical flight advancements [1] - The company operates through its subsidiary, Drone Nerds, which provides unmanned aircraft systems and related services [1] - XTI is also developing advanced vertical takeoff and landing (VTOL) aircraft that combine the speed of planes with the takeoff and landing capabilities of helicopters [1] Industry Context - The panel at the conference will address the demand for faster innovation cycles and scalable manufacturing capabilities in the defense sector [1] - XTI emphasizes the importance of combining advanced technology development with agile manufacturing to support U.S. defense capabilities [1] - The company's participation reflects its commitment to contributing to discussions on innovation and technological leadership in aerospace [1]
XTI Aerospace/Drone Nerds Support United States Armed Forces
Prnewswire· 2026-03-05 13:30
XTI Aerospace/Drone Nerds Support United States Armed Forces Accessibility Statement Skip NavigationENGLEWOOD, Colo., March 5, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI," "XTI Aerospace" or the "Company"), an aerospace and advanced drone technology platform and parent company of Drone Nerds, LLC ("Drone Nerds"), a distributor of drones in the United States, is committed to supporting the national security interests of the United States and its allies through responsible innovation and de ...
XTI Aerospace's Drone Nerds Business Expands Creality Line with New SPARKX i7 3D Printer
Prnewswire· 2026-03-02 13:30
XTI Aerospace's Drone Nerds Business Expands Creality Line with New SPARKX i7 3D Printer [Accessibility Statement] Skip NavigationAI-assisted setup and operation, integrated filament switching system provide accessible out-of-the-box experienceENGLEWOOD, Colo., March 2, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), an aerospace technology company focused on building and scaling its Drone Nerds, LLC ("Drone Nerds") business, today announced the addition of the SPARKX i7 3D ...
XTI Aerospace Secures $20 Million JPMorgan Chase & Co. Asset-Based Lending Facility
Prnewswire· 2026-02-17 13:30
Core Insights - XTI Aerospace has secured a $20 million Asset-Based Lending facility from JPMorgan Chase & Co. to enhance liquidity and support growth initiatives [1] - The facility will provide funding for working capital, future growth, and routine dividends, while also repaying $10.5 million of existing debt incurred during the acquisition of Drone Nerds [1] - The CEO emphasized that this credit facility aligns the company's capital structure with its operational model and will support revenue growth from the Drone Nerds platform [1] Financial Details - The credit facility offers up to $20 million in revolving borrowing capacity, based on eligible accounts receivable and inventory [1] - Proceeds from the facility will be utilized to repay $10.5 million of existing indebtedness [1] Company Overview - XTI Aerospace focuses on advancing vertical flight technology and operates through its Drone Nerds subsidiary, which provides unmanned aircraft systems and related services [1] - The company is also engaged in developing advanced vertical takeoff and landing aircraft [1]
XTI Aerospace Reports Accelerating Revenue Growth and Expected 2026 Cash Flow at Shareholder Town Hall
Prnewswire· 2026-02-09 13:30
Core Viewpoint - XTI Aerospace expects to achieve over $160 million in revenue for 2026, indicating approximately 30% growth, driven by its Drone Nerds subsidiary and a focus on disciplined execution and profitability [2][3]. Group 1: Revenue Growth and Financial Performance - The company anticipates full-year 2026 revenue to exceed $160 million, reflecting increased visibility into its pipeline and customer demand [2]. - XTI's Drone Nerds subsidiary generated over $110 million in revenue in 2024, contributing to the company's growth trajectory [3]. - XTI aims to achieve positive monthly cash flow nearing $2 million by the end of 2026, supported by an improved cost structure and operating leverage [3]. Group 2: Strategic Initiatives and Market Position - The company has transformed into a scaled enterprise drone and unmanned aircraft systems platform following the acquisition of Drone Nerds in November 2025 [2]. - XTI is capitalizing on favorable regulatory trends to enhance its leadership in drone solutions, particularly those compliant with the National Defense Authorization Act [3]. - The growth strategy includes diversification across enterprise drone verticals, enhancing customer retention and improving margins [3]. Group 3: Expansion and Market Opportunities - XTI is expanding into federal and military markets, leveraging its Commercial-Off-The-Shelf drone platform to meet the increasing demand for reliable drone capabilities [3]. - The company has launched a redesigned corporate website to reflect its strategic focus and showcase its drone and UAS capabilities [4].
XTI Aerospace (NasdaqCM:XTIA) Earnings Call Presentation
2026-02-05 21:30
DRONE SOLUTIONS LEADER ENTERPRISE & GOVERNMENT Corporate Presentation February 2026 Disclaimer This presentation is made solely for information purposes and no representation or warranty, express or implied, is made by XTI Aerospace, Inc. ("XTI," "we," "us," "our," and, together with our subsidiaries, the "Company") or any of its representatives as to the information contained in this presentation. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation ...
XTI Aerospace Divests Inpixon RTLS Business to Focus on Drone and UAS Leadership
Prnewswire· 2026-02-05 13:30
Core Viewpoint - XTI Aerospace has divested its real-time location systems business to focus on its drone technology and aims for profitability by 2026 [1][3]. Group 1: Transaction Details - The sale of Inpixon GmbH was completed for EUR 4.64 million (approximately $5.48 million) effective February 3, 2026 [1]. - The divestiture is part of XTI's strategy to streamline its cost structure and sharpen its focus on drone technology [2][3]. Group 2: Strategic Focus - XTI's CEO emphasized the importance of making disciplined decisions to position the company for scale and profitability in markets with strong strategic opportunities [2]. - The company believes that the transaction aligns with its goal of establishing leadership in the drone sector and driving towards sustainable profitability [3]. Group 3: Inpixon's Future - Inpixon is expected to thrive under its new ownership, which brings technology experience and operational leadership to support its growth [3]. - Inpixon specializes in indoor positioning and real-time localization technologies, which are no longer aligned with XTI's strategic focus [2][3]. Group 4: Company Overview - XTI Aerospace is focused on advancing vertical flight and is a provider of unmanned aircraft systems through its Drone Nerds LLC business [4]. - The company is also engaged in developing advanced vertical takeoff and landing aircraft [4].
XTI Aerospace's Drone Nerds Business Adds Freefly Systems Alta X Gen2 Heavy-Lift Drone to Enterprise Portfolio
Prnewswire· 2026-02-05 12:05
Core Insights - The Alta X Gen2 is the latest evolution of Freefly Systems' Alta X platform, integrating heavy-lift capabilities with advanced flight control and payload integration features [1][2] Group 1: Product Features - The Alta X Gen2 is designed for professional operators needing heavy-lift capabilities and flexible payload integration [2][3] - It offers a payload capacity of 35 lb, suitable for large cinema payloads and advanced sensors, ensuring stable flight performance [8] - The drone includes a smart dovetail payload interface for quick-connect options and enhanced communication capabilities [8] - It features an industrial-grade airframe made of carbon fiber, designed for weather resistance and rapid deployment [8] - The platform supports data-driven workflows with integrated telemetry and mission planning tools [8] Group 2: Compliance and Availability - The Alta X Gen2 is available in both standard and NDAA-compliant configurations, catering to operators with federal sourcing and security requirements [3][4] - Pre-orders for the Alta X Gen2 and its NDAA version can be made through Drone Nerds' enterprise sales team [4] Group 3: Company Background - XTI Aerospace, Inc. focuses on vertical flight technology and provides unmanned aircraft systems through its subsidiary, Drone Nerds [5][7] - Drone Nerds, established in 2014, offers comprehensive drone solutions across various sectors, including public safety and agriculture [7]
XTI Aerospace Appoints Prominent Aviation Industry Insider Jonathan G. Ornstein to its Board of Directors, Signaling Accelerated Push for Drone Leadership and M&A-Driven Growth
Prnewswire· 2026-02-04 13:30
Company Overview - XTI Aerospace, Inc. is an aerospace technology company focused on advancing vertical flight, particularly through unmanned aircraft systems (UAS) and advanced vertical takeoff and landing (VTOL) aircraft [4]. Leadership Appointment - Scott Pomeroy, CEO of XTI Aerospace, emphasized that the appointment of Jonathan Ornstein as an independent director reflects the company's strategic orientation towards leadership in the drone and unmanned aircraft systems market, supported by a disciplined M&A strategy [1][3]. - Ornstein has over four decades of aviation industry experience, including 25 years as Chairman of Mesa Air Group, where he demonstrated the ability to scale aviation businesses and navigate regulated markets [2]. Strategic Focus - Ornstein's leadership is expected to enhance XTI's capabilities in building and transforming aviation platforms, which is crucial for the company's evolution [3]. - The company is focusing on drones, training, supply chain scale, and disciplined M&A, combined with a thoughtful approach to aircraft development financing, creating a strong foundation for future growth [3]. Business Operations - XTI Aerospace operates through its Drone Nerds business, which provides UAS solutions, services, and hardware, and its XTI Aircraft business, which is developing advanced VTOL aircraft that combine the range and speed of planes with the take-off and landing capabilities of helicopters [4].
XTI Aerospace Expands Drone Nerds LiDAR Portfolio with Freefly Systems FLUX Series
Prnewswire· 2026-01-30 13:30
Core Insights - The Freefly Systems FLUX LiDAR series offers multiple payload options for professional aerial mapping, inspection, and measurement workflows, enhancing operational capabilities for enterprise and public sector customers [1][2] Group 1: Product Features - The FLUX LiDAR series includes three payload options: FLUX H1 for lightweight, high-precision mapping; FLUX O1 for regulated environments requiring NDAA-compliant hardware; and FLUX L1 for long-range and wide-area mapping applications [3][4] - These payloads are compatible with Freefly Systems' Smart Dovetail platforms, including Freefly Astro and Freefly Alta X, and can integrate with DJI Skyport-enabled aircraft, allowing for deployment across mixed fleets [4] Group 2: Strategic Partnerships - Drone Nerds aims to strengthen its position as a partner for enterprise customers by integrating the FLUX LiDAR series into its offerings, ensuring alignment with customer workflows and operational requirements [2] - The collaboration between Freefly Systems and Drone Nerds enhances accessibility of high-quality LiDAR solutions for various operational scenarios [2] Group 3: Company Background - XTI Aerospace, Inc. is focused on advancing vertical flight technology and, through its subsidiary Drone Nerds, provides comprehensive unmanned aircraft systems (UAS) solutions [6][8] - Established in 2014, Drone Nerds specializes in delivering tailored UAS solutions for diverse industries, including public safety, agriculture, and construction [8]