Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 14

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 14
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 years ended, December 31, 2024 and 2023, and should be read together with our consolidated financial statements and the related notes incorporated by reference herein, as well as the section of this prospectus entitled “Risk Factors” appearing elsewhere in this prospectus. The summary financial data in this section is not intended to replace our financial statements and related notes. The summary consolidated financial data as of, and for the three months ended, March 31, 2025 and 2024 are derived from our unaudited condensed consolidated financial statements incorporated by reference into this prospectus. In our opinion, these unaudited condensed consolidated financial statements have been prepared on a basis consistent with our audited financial statements and contain all adjustments, consisting only of normal and recurring adjustments, necessary for a fair presentation of such condensed consolidated financial data. The summary financial data as of, and for the years ended, December 31, 2024 and 2023 are derived from our audited financial statements included incorporated by reference into this prospectus. Our historical results are not necessarily indicative of our future results, and our operating results for the three months ended March 31, 2025 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2025 or any other interim periods or any future year or period.

|                                                                 |     | Three months ended    
 March 31,             
 2025 (Unaudited)      |           |   |     | 2024 (Unaudited) |         |   |     | Year ended            
 December 31,          
 2024                  |         |   |     | 2023 |           |   |
|:----------------------------------------------------------------|:----|:----------------------|----------:|:--|:----|:-----------------|--------:|:--|:----|:----------------------|--------:|:--|:----|:-----|----------:|:--|
|                                                                 |     | -in thousands, except 
 number of shares and  
 par value data        |           |   |     |                  |         |   |     | -in thousands, except 
 number of shares and  
 par value data        |         |   |     |      |           |   |
| Revenues                                                        |     | $                     |       484 |   |     | $                |     220 |   |     | $                     |   3,202 |   |     | $    |         — |