Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 2

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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,021 shares issued and outstanding as of  December 31, 2024 
     31  
     2 
  
    Additional paid-in capital 
     150,263  
     99,425 
  
    Accumulated other comprehensive income (loss) 
     898  
     (622)
  
    Accumulated deficit 
     (140,738) 
     (93,562)

    Total Stockholders’ Equity 
     10,454  
     6,574 

    Total Liabilities, Mezzanine Equity, and Stockholders’ Equity 
    $47,931  
    $24,291 

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

2

XTI AEROSPACE, INC. AND
SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

(In thousands, except share and per share data)

    For the Three Months Ended 
    September 30,  
    For the Nine Months Ended September
    30, 

    2025  
    2024  
    2025  
    2024 

    Revenues 
    $2,484  
    $918  
    $3,568  
    $2,169 

    Cost of Revenues 
     1,407  
     398  
     1,673  
     846 

    Gross Profit 
     1,077  
     520  
     1,895  
     1,323 

    Operating Expenses 

    Research and development 
     1,985  
     1,228  
     5,649  
     2,840 
  
    Sales and marketing 
     2,741  
     1,019  
     5,267  
     2,160 
  
    General and administrative 
     11,106  
     2,293  
     22,434  
     16,422 
  
    Merger-related transaction costs 
     —  
     —  
     —  
     6,490 
  
    Impairment of goodwill 
     —  
     —  
     4,049  
     — 
  
    Impairment