Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 163

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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 consisted of the following (in thousands):

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

    2025  
    2024  
    2025  
    2024 
  
    Recurring revenue 

    Software 
    $374  
    $327  
    $1,079  
    $697 
  
    Total recurring revenue 
    $374  
    $327  
    $1,079  
    $697 

    Non-recurring revenue 

    Hardware 
    $1,735  
    $422  
    $2,091  
    $1,190 
  
    Software 
    $226  
    $77  
    $231  
    $82 
  
    Professional services 
    $149  
    $92  
    $167  
    $200 
  
    Total non-recurring revenue 
    $2,110  
    $591  
    $2,489  
    $1,472 

    Total Revenue 
    $2,484  
    $918  
    $3,568  
    $2,169 

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

    2025  
    2024  
    2025  
    2024 
  
    Revenue recognized at a point in time 

    Industrial IoT (1) 
    $1,961  
    $499  
    $2,322  
    $1,272 
  
    Total 
    $1,961  
    $499  
    $2,322  
    $1,272 

    Revenue recognized over time 

    Industrial IoT (2) (3) 
    $523  
    $419  
    $1,246  
    $897 
  
    Total 
    $523  
    $419  
    $1,246  
    $897 

    Total Revenue 
    $2,484  
    $918  
    $3,568  
    $2,169 

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

(2)Professional