Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 42

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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    Total operating expenses 
     5,810  
     1,806  
     3,997  
     11,613 
  
    Loss from operations 
    $(5,327) 
    $(1,806) 
    $(3,997) 
    $(11,130)

26

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

    Six Months Ended June 30, 2025 

    Industrial  
    Commercial  
    Unallocated  

    IoT  
    Aviation  
    Costs  
    Total 
  
    Revenue 
    $1,084  
    $—  
    $—  
    $1,084 
  
    Cost of revenues 
     266  
     —  
     —  
     266 
  
    Gross Profit 
     818  
     —  
     —  
     818 
  
    Operating expenses 

    Research and development 
     1,160  
     2,504  
     —  
     3,664 
  
    Sales and marketing 
     1,317  
     333  
     876  
     2,526 
  
    General and administrative 
     1,057  
     687  
     9,584  
     11,328 
  
    Impairment of goodwill 
     4,049  
     —  
     —  
     4,049 
  
    Impairment of intangible assets 
     631  
     —  
     —  
     631 
  
    Other expenses(1) 
     105  
     16  
     31  
     152 
  
    Total operating expenses 
     8,319  
     3,540  
     10,491  
     22,350 
  
    Loss from operations 
    $(7,501) 
    $(3,540) 
    $(10,491) 
    $(21,532)

  (1) Other expenses include amortization of intangibles. 

    Three Months Ended June 30, 2024 

    Industrial  
    Commercial  
    Unallocated  

    IoT  
    Aviation