Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 3

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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    Other 
     (334) 
     9 
  
    Total Other (Expense) Income 
     (2,485) 
     6,279 

    Net Loss, before tax 
     (12,887) 
     (2,598)
  
    Income tax provision 
     15  
     (4)
  
    Net Loss 
    $(12,872) 
    $(2,602)

    Preferred stock return 
     (29) 
     (61)
  
    Net Loss Attributable to Common Stockholders, Basic and Diluted 
    $(12,901) 
    $(2,663)

    Net Loss Per Share, Basic and Diluted 
    $(3.80) 
    $(124.05)

    Weighted Average Shares Outstanding, Basic and Diluted 
     3,384,736  
     21,467 

The accompanying notes are an integral part of
these Condensed Consolidated Financial Statements

3

XTI AEROSPACE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
LOSS

(In thousands)

    For the Three Months Ended March 31, 

    2025  
    2024 

    (Unaudited) 
  
    Net Loss 
    $(12,872) 
    $(2,602)
  
    Unrealized foreign exchange loss from cumulative translation adjustments 
     (155) 
     (166)
  
    Comprehensive Loss 
    $(13,027) 
    $(2,768)

The accompanying notes are an integral part of
these Condensed Consolidated Financial Statements

4

XTI AEROSPACE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES
IN STOCKHOLDERS’ EQUITY 

For the three months ended March 31, 2025

(Unaudited)

(In thousands, except share data)

    Series 9   

    Accumulated  

    Preferred Stock at
Redemption Value  
    Common Stock  
    Additional Paid-In  
    Other Comprehensive  
    Accumulated  
    Total Stockholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Loss  
    Deficit  
    Equity 
  
    Balance - January 1, 202