XTI Aerospace (XTIA) investor relations material

Executive summary

• Strategic focus shifted to UAS distribution and lifecycle services after winding down ADS and pausing TriFan 600 development; the Inpixon business sale closed Feb. 3, 2026.

• Q2 revenue was $32.449M and gross profit was $5.643M; continuing-operations net loss was $0.850M. Liquidity pressures, debt defaults and going-concern doubt remain significant.

Financial highlights

• Q2 revenue was $32.449M versus $25.130M on a supplemental combined basis in Q2 2025, up 29%; gross profit was $5.643M versus $6.047M, down 7%.

• Q2 gross margin was 17.4% versus 24.1% pro forma a year earlier; wholesale growth increased sales but carried lower margins than direct sales.

• Q2 operating expenses were $14.725M and operating loss was $9.082M; continuing-operations net loss was $0.850M versus $15.515M.

• H1 revenue was $60.145M, gross profit $10.789M and operating loss $19.5M; continuing-operations net loss was $32.6M versus $26.2M pro forma in H1 2025.

• Q2 warrant-liability remeasurement generated $8.413M of income; H1 recorded a $13.034M expense. H1 net loss also included discontinued-operation losses and other charges.

Outlook and guidance

• FY 2026 revenue guidance is $125M–$130M, with gross profit forecast at 17%–19% of revenue; outlook assumes continued facility access and no material further tariff-policy changes.

• Positive net cash from operating activities is expected in Q4 2026 following reduced monthly cash burn.

• UAS margins depend on product and channel mix, service attachment, pricing, vendor costs and inventory availability; Drone Nerds’ cash flow depends on sales, margins, inventory turnover and spending.

• ATM remains pre-operational with no revenue; prospects depend on domestic manufacturing partnerships, NDAA-compliant capacity and contract awards.