Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 188

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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 expenses(2) 
     136  
     8  
     52  
     196 
  
    Total operating expenses 
     1,832  
     (1,788) 
     4,692  
     4,736 
  
    Income (loss) from operations 
    $(1,312) 
    $1,788  
    $(4,692) 
    $(4,216)

    Nine Months Ended September 30,
    2024 

    Industrial  
    Commercial  
    Unallocated  

    IoT  
    Aviation  
    Costs  
    Total 
  
    Revenue 
    $2,169  
    $—  
    $—  
    $2,169 
  
    Cost of revenues 
     846  
     —  
     —  
     846 
  
    Gross Profit 
     1,323  
     —  
     —  
     1,323 
  
    Operating expenses 

    Research and development 
     1,361  
     1,479  
     —  
     2,840 
  
    Sales and marketing 
     1,187  
     295  
     678  
     2,160 
  
    General and administrative 
     1,268  
     (1,125) 
     16,279  
     16,422 
  
    Other
    expenses(2) 
     295  
     6,512  
     114  
     6,921 
  
    Total operating expenses 
     4,111  
     7,161  
     17,071  
     28,343 
  
    Loss from operations 
    $(2,788) 
    $(7,161) 
    $(17,071) 
    $(27,020)

(2)Other expenses include merger-related transaction costs and amortization of intangibles.

The reporting package provided to the Company’s
CODM does not include the measure of assets by segment as that information is not reviewed by the CODM when assessing segment performance
or allocating resources.

28

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 14 - Fair Value Measurements