Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 21

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 The Company derives revenue from software as a service, design and implementation
services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems recognition
policy. Revenues consisted of the following (in thousands):

    For the Three Months Ended 
    June 30,  
    For the Six Months Ended 
    June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Recurring revenue 

    Software 
    $385  
    $317  
    $705  
    $370 
  
    Total recurring revenue 
    $385  
    $317  
    $705  
    $370 

    Non-recurring revenue 

    Hardware 
    $194  
    $606  
    $356  
    $768 
  
    Software 
    $3  
    $5  
    $5  
    $5 
  
    Professional services 
    $18  
    $103  
    $18  
    $108 
  
    Total non-recurring revenue 
    $215  
    $714  
    $379  
    $881 

    Total Revenue 
    $600  
    $1,031  
    $1,084  
    $1,251 

    For the Three Months Ended June
    30,  
    For the Six Months Ended June
    30, 

    2025  
    2024  
    2025  
    2024 
  
    Revenue recognized at a point in time 

    Industrial IoT (1) 
    $197  
    $611  
    $361  
    $773 
  
    Total 
    $197  
    $611  
    $361  
    $773 

    Revenue recognized over time 

    Industrial IoT (2) (3) 
    $403  
    $420  
    $723  
    $478 
  
    Total 
    $403  
    $420  
    $723  
    $478 

    Total Revenue 
    $600  
    $1,031  
    $1,084  
    $1,251 

(1)Hardware and Software’s performance obligation is satisfied at a point in time when they are shipped to the customer.