XTI Aerospace Reports First Quarter 2026 Results

DALLAS, May 14, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its first quarter ended March 31, 2026, and provided an update on the Company's outlook for 2026. 2026 first quarter highlights  (Inpixon results excluded and reflected in discontinued operations): Revenue of $27.7 million Gross profit of $5.1 million Gross profit as a percentage of revenue of 18.6 percent 2026 Financial Outlook and Guidance(1): The Company expects to achieve the following targets for the full year 2026: Full year 2026 revenue of $160 million or greater Full year 2026 gross profit as a percentage of revenue of 19 percent to 21 percent Breakeven cash flow in the third quarter 2026 Cash at year-end in the range of $15 million to $17 million Drone Nerds earnings before interest, income taxes, depreciation and amortization ("EBITDA") as a percentage of revenue in the range of 9 percent to 10 percent End 2026 with $5 million to $10 million of availability under its asset-based lending ("ABL") facility Second-half of 2026 consolidated adjusted EBITDA in the range of $2 million to $3 million or greater (1) Please refer to the "Non-GAAP Measures" and Schedule 1 for the definitions and reconciliations of our Non-GAAP financial measures including "Adjusted EBITDA".