XTI Aerospace (NASDAQ:XTIA) Issues Quarterly Earnings Results

XTI Aerospace (NASDAQ:XTIA) released its quarterly earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.33, FiscalAI reports. XTI Aerospace had a negative net margin of 85.83% and a negative return on equity of 2,044.78%. The firm had revenue of $35.31 million during the quarter, compared to analyst estimates of $33.50 million.

Here are the key takeaways from XTI Aerospace’s conference call:

• Revenue grew to $35.3 million, up 9% sequentially and 46% year over year on a pro forma basis, with growth across Drone Nerds’ unmanned aircraft systems business.
• Management reaffirmed 2026 revenue guidance of $125 million–$130 million and gross margin guidance of 17%–19%, and expects positive operating cash flow in the fourth quarter.
• The company reported $1.6 million in adjusted EBITDA, versus a $4.9 million loss in Q2, and cut corporate and development operating cash outflows to about $1.1 million per month, with further reductions expected.
• Gross margin was 21.7%, including a roughly $2 million non-recurring benefit; excluding it, margin was 16%, down from 17.4% in Q2. Management expects enterprise services and a better channel mix to support improvement.
• Unrestricted cash was $5.7 million at quarter-end, and the company continues to address liquidity and balance-sheet pressures. Third-quarter net income of $26.6 million was largely driven by a $32 million non-cash gain from the change in fair value of warrants.

XTI Aerospace Price Performance

Shares of XTIA stock traded up $0.01 on Thursday, reaching $0.99. 588,225 shares of the company were exchanged, compared to its average volume of 1,590,244. The company has a market cap of $37.94 million, a price-to-earnings ratio of -0.42 and a beta of 4.95. The company has a 50-day moving average of $0.92 and a 200-day moving average of $1.60. XTI Aerospace has a one year low of $0.66 and a one year high of $3.19.

Analysts Set New Price Targets

XTIA has been the subject of several recent analyst reports. Maxim Group set a $2.00 price objective on shares of XTI Aerospace and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a report on Thursday, October 15th. Finally, Wall Street Zen raised shares of XTI Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.00.

XTI Aerospace Company Profile

XTI Aerospace, Inc. is an aerospace company focused on developing advanced vertical takeoff and landing (VTOL) aircraft. Its principal program is the TriFan 600, a hybrid-electric aircraft designed to combine the vertical takeoff and landing capabilities of a helicopter with the speed and range of a conventional fixed-wing airplane. The TriFan 600 is being developed for business aviation, regional transportation and other applications requiring flexible point-to-point travel without reliance on traditional runways.