XTI Aerospace (NASDAQ:XTIA) Posts Earnings Results, Beats Expectations By $0.33 EPS

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

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 Stock Up 0.6%

XTI Aerospace stock traded up $0.01 during trading hours on Thursday, hitting $0.99. The stock had a trading volume of 588,225 shares, compared to its average volume of 1,590,244. The stock has a market capitalization of $37.94 million, a P/E ratio of -0.42 and a beta of 4.95. XTI Aerospace has a 12-month low of $0.66 and a 12-month high of $3.19. The stock’s 50-day moving average price is $0.92 and its 200-day moving average price is $1.61.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on XTIA shares. Wall Street Zen raised XTI Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Maxim Group set a $2.00 target price on XTI Aerospace and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.00.

About XTI Aerospace

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.