XTI Aerospace Q1 revenue falls 9% on realignment

XTI Aerospace

14/05/2026 13:38

Overview

US drone solutions provider reported Q1 revenue of $27.7 mln, gross margin at 18.6%

Pro forma combined revenue and gross profit declined yr/yr after business realignment

Adjusted EBITDA loss narrowed to $4.9 mln as cost reduction and realignment efforts continued

Outlook

Company expects full-year 2026 revenue of $160 mln or greater

Company sees 2026 gross profit margin between 19% and 21%

Company expects to achieve breakeven cash flow in Q3 2026

Result Drivers

BUSINESS REALIGNMENT - Co said Q1 results reflect impact of Inpixon RTLS divestiture and renewed focus on drone platform

COST REDUCTION - Adjusted EBITDA loss narrowed due to actions to streamline operations, reduce spending and better align cost structure

ENTERPRISE AND GOVERNMENT ENGAGEMENT - Co said Drone Nerds expanded engagement with enterprise and government customers, strengthening pipeline activity entering Q2

Company press release: ID:nPn49gF4ja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$27.7 mln
Q1 Net Income
-$35 mln
Q1 Income from Operations
-$10.39 mln
Q1 Operating Expenses
$15.54 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for XTI Aerospace Inc is $5.00, about 171.7% above its May 13 closing price of $1.84

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)