Quarterly ResultMay 14, 2026, 08:37 AM
XTI Aerospace Q1 Revenue $27.7M; Targets Breakeven Cash Flow Q3
AI Summary
XTI Aerospace reported its first quarter 2026 financial results, with revenue of $27.7 million and a gross profit of $5.1 million. The company continued its strategic transformation, divesting its Inpixon RTLS business and securing a $20 million ABL credit facility. XTI Aerospace provided a positive outlook for 2026, expecting full-year revenue of $160 million or greater and anticipating positive cash flow from operations by the third quarter.
Key Highlights
- Q1 2026 Revenue was $27.7 million.
- Q1 2026 Gross profit was $5.1 million, with a gross profit margin of 18.6%.
- Net loss from continuing operations was $31.7 million, or $0.91 per share.
- Company expects full-year 2026 revenue of $160 million or greater.
- Full-year 2026 gross profit as a percentage of revenue is projected at 19% to 21%.
- Company targets breakeven cash flow in Q3 2026 and $15 million to $17 million cash at year-end.
- Secured a $20 million Asset-Based Lending (ABL) credit facility with JPMorgan in February 2026.
- Received approximately $7.4 million in net proceeds from warrant exercises during the quarter.