{"success":true,"data":{"pressRelease":{"id":"167270","rtpr_id":"nPnbPPd3xa-20261013","ticker":"XTIA","exchange":"NASDAQ","all_tickers":["XTIA"],"title":"XTI Aerospace Announces Completion of Internal Review; On Track to File Quarterly Report on Form 10-Q By October 26, 2026","author":"PR Newswire","published_at":"2026-10-13T11:00:05.312Z","article_body":"XTI Aerospace Announces Completion of Internal Review; On Track to File Quarterly Report on Form 10-Q By October 26, 2026\nPR Newswire\n\nDALLAS, Oct. 13, 2026\n\nProvides Preliminary Second Quarter Results and Update on 2026 Guidance\n\nDALLAS, Oct. 13, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) (\"XTI\nAerospace,\" \"XTI\" or the \"Company\"), an aerospace and advanced technology\nplatform and parent company of Drone Nerds, LLC (\"Drone Nerds\"), a leading\ndrone solutions platform serving commercial, enterprise and government\ncustomers, today announced that its internal review, initiated in July\n2026, has been completed and the Company is on track to file its Form 10-Q by\nOctober 26, 2026.\n\n\"With the internal review complete, I am happy to report that there were no\nfinancial misstatements discovered and we are on track to report our second\nquarter results later this month,\" said Jeremy Schneiderman, Interim\nCEO. \"With this assessment behind us, we believe we are better positioned to\nensure that our corporate governance procedures meet the highest standards of\ncompliance and transparency moving forward. We appreciate the patience and\nsupport of our employees, partners, customers, and shareholders during this\nprocess as we build a best-in-class governance structure.\"\n\nThe internal review was overseen by a special committee of independent\ndirectors of the Company's Board of Directors (the \"Special Committee\"), with\nthe assistance of independent outside counsel. The Special Committee has\nreported to the Board of Directors on the completion of the review.\n\nConsistent with its ongoing commitment to strong corporate governance, the\nCompany intends to implement, under the oversight of the Board of Directors,\ncertain enhancements to its governance framework, policies and procedures. The\nBoard will continue to evaluate the Company's governance practices and may\nadopt additional measures as it deems appropriate.\n\nPreliminary Second Quarter Results\n\nThe Company anticipates reporting second quarter revenue of approximately\n$32.4 million, gross profit of approximately $5.6 million and loss from\noperations of approximately $9.1 million.\n\nThe preliminary financial information in this press release is unaudited,\nreflects management's current estimates based on information available as of\nthe date of this press release, and remains subject to the completion of the\nCompany's financial closing procedures and the review of the Company's\nindependent registered public accounting firm. The Company's actual results\nfor the second quarter may differ from these preliminary estimates.\n\nUpdate on 2026 Guidance\n\nThe Company is withdrawing its previously issued 2026 financial guidance at\nthis time and expects to provide a comprehensive update at a later date.\n\nAbout XTI Aerospace, Inc.\n\nXTI Aerospace, Inc. (\"XTI\") (Nasdaq: XTIA), headquartered in Dallas, Texas, is\nfocused on building a leading platform for commercial and government drone\nadoption in the growing unmanned aircraft systems (\"UAS\") industry. Through\nits subsidiary, Drone Nerds, LLC, XTI supports enterprise and government\ncustomers in sectors including public safety, agriculture, construction, and\nenergy across the drone program lifecycle, from hardware sourcing and\ndeployment to training, service, repair, and the Always Flying program. Its\nestablished U.S. customer base and reputation as a trusted solutions provider\nposition the company as a go-to-market partner for drone manufacturers and\nsoftware developers seeking to scale in the domestic market.\n\nFor more information about XTI, please visit xtiaerospace.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=2825794442&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D590182085%26u%3Dhttps%253A%252F%252Fxtiaerospace.com%252F%26a%3Dxtiaerospace.com&a=xtiaerospace.com)\n and follow XTI on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=357154908&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D1521617855%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fxtiaerospace%26a%3DLinkedIn&a=LinkedIn)\n, Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=1811818693&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D331458684%26u%3Dhttps%253A%252F%252Fwww.instagram.com%252Fxtiaerospace%26a%3DInstagram&a=Instagram)\n, X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=4153457925&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D573868182%26u%3Dhttps%253A%252F%252Fx.com%252FXTIAerospace%26a%3DX&a=X)\n, and YouTube\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=1297447578&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D2492076001%26u%3Dhttps%253A%252F%252Fwww.youtube.com%252F%2540XTIAerospace%26a%3DYouTube&a=YouTube)\n.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nCertain statements included in this press release that are not historical\nfacts (including any statements concerning plans and objectives of management\nfor future operations or economic performance, or assumptions or forecasts\nrelated thereto) are forward-looking statements within the meaning of Section\n27A of the Securities Act of 1933, as amended, Section 21E of the Securities\nExchange Act of 1934, as amended, and the Private Securities Litigation Reform\nAct of 1995. Forward-looking statements generally are accompanied by words\nsuch as \"believe,\" \"may,\" \"will,\" \"estimate,\" \"continue,\" \"anticipate,\"\n\"intend,\" \"expect,\" \"should,\" \"would,\" \"plan,\" \"project,\" \"forecast,\"\n\"predict,\" \"poised,\" \"positioned,\" \"potential,\" \"seem,\" \"seek,\" \"future,\"\n\"outlook,\" \"target,\" and similar expressions that predict or indicate future\nevents or trends or that are not statements of historical matters, but the\nabsence of these words does not mean that a statement is not forward-looking.\nThese forward-looking statements include, but are not limited to, (1) the\ntiming and content of the Company's updated 2026 guidance; (2) the timing of\nthe filing of the Form 10-Q and subsequent periodic reports; (3) the Company's\nsubmission of a plan to regain compliance and Nasdaq's acceptance of any such\nplan; (4) the continued listing of XTI's common stock on the Nasdaq Capital\nMarket; (5) the Company's planned governance, policy and procedural\nenhancements and the timing and anticipated benefits thereof; and (6) the\nCompany's preliminary, unaudited financial results for the second quarter.\nThese statements are based on various assumptions and estimates, whether or\nnot identified in this press release, and on the current expectations of XTI's\nmanagement and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. Actual events and circumstances are difficult or impossible to\npredict and will differ from assumptions. Many actual events and circumstances\nare beyond the control of XTI. These forward-looking statements are subject to\na number of risks and uncertainties, including, but not limited to: changes in\ndomestic and foreign business, market, financial, political and legal\nconditions; XTI's potential inability to file the Form 10-Q or subsequent\nperiodic reports, or to satisfy Nasdaq's continued listing requirements; the\nrisk that XTI's common stock is suspended from trading or delisted; the risk\nthat additional information comes to XTI's attention that affects its\npreviously issued financial statements, its disclosure controls and procedures\nor its internal control over financial reporting; the risk that XTI's\npreliminary financial results change upon completion of its financial closing\nprocedures and the review of its independent registered public accounting\nfirm; the risk that XTI's planned governance, policy and procedural\nenhancements are not implemented in a timely manner or do not achieve their\nintended benefits; XTI's expectation, as disclosed in its Notification of Late\nFiling on Form 12b-25 filed with the SEC on August 17, 2026, that the Form\n10-Q will disclose substantial doubt about XTI's ability to continue as a\ngoing concern; XTI's successful integration of any products (including\nachievement of synergies and cost reductions); XTI's ability to successfully\nand timely develop, sell and expand its services, and otherwise implement its\ngrowth strategy; risks relating to XTI's operations and business, including\ninformation technology and cybersecurity risks, loss of requisite licenses,\ndrone safety risks, loss of key customers and deterioration in relationships\nbetween XTI and its employees; risks related to increased competition; risks\nrelating to potential disruption of current plans, operations and\ninfrastructure of XTI, including as a result of the consummation of any\nacquisition; risks that XTI is unable to secure or protect its intellectual\nproperty; risks that XTI experiences difficulties managing its growth and\nexpanding operations; XTI's ability to compete with existing or new companies\nthat could cause downward pressure on prices, fewer customer orders, reduced\nmargins, the inability to take advantage of new business opportunities, and\nthe loss of market share; the ability to successfully select, execute or\nintegrate future acquisitions into XTI's business, which could result in\nmaterial adverse effects to operations and financial conditions; and those\nfactors discussed in the sections entitled \"Risk Factors\" and \"Cautionary\nStatement Regarding Forward-Looking Statements\" included in XTI's Annual\nReport on Form 10-K filed with the SEC on April 15, 2026 for the fiscal year\nended December 31, 2025 and in subsequent filings made by XTI with the SEC\nfrom time to time. If any of these risks materialize or XTI management's\nassumptions prove incorrect, actual results could differ materially from the\nresults implied by these forward-looking statements. The risks and\nuncertainties above are not exhaustive, and there may be additional risks that\nXTI presently does not know or that XTI currently believes are immaterial that\ncould also cause actual results to differ from those contained in the\nforward-looking statements. In addition, forward-looking statements reflect\nXTI's expectations, plans or forecasts of future events and views as of the\ndate of this press release. XTI anticipates that subsequent events and\ndevelopments will cause XTI's assessments to change. However, while XTI may\nelect to update these forward-looking statements at some point in the future,\nXTI specifically disclaims any obligation to do so. These forward-looking\nstatements should not be relied upon as representing XTI's assessments as of\nany date subsequent to the date of this press release. Accordingly, undue\nreliance should not be placed upon the forward-looking statements contained in\nthis press release.\n\nContacts:\n\nGeneral inquiries:\nEmail: contact@xtiaerospace.com (mailto:contact@xtiaerospace.com)\nWeb: https://xtiaerospace.com/contact\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=346162675&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D2224940040%26u%3Dhttps%253A%252F%252Fxtiaerospace.com%252Fcontact%26a%3Dhttps%253A%252F%252Fxtiaerospace.com%252Fcontact&a=https%3A%2F%2Fxtiaerospace.com%2Fcontact)\n\nInvestor Relations:\nIR@xtiaerospace.com (mailto:IR@xtiaerospace.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/xti-aerospace-announces-completion-of-internal-review-on-track-to-file-quarterly-report-on-form-10-q-by-october-26-2026-302906382.html\n(https://www.prnewswire.com/news-releases/xti-aerospace-announces-completion-of-internal-review-on-track-to-file-quarterly-report-on-form-10-q-by-october-26-2026-302906382.html)\n\nSOURCE XTI Aerospace, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1663093/XTI-Aerospace-Vertical-Logo-Black.jpg?id=OA3014624\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnbPPd3xa-20261013","title":"XTI Aerospace Announces Completion of Internal Review; On Track to File Quarterly Report on Form 10-Q By October 26, 2026","author":"PR Newswire","ticker":"XTIA","created":"2026-10-13T11:00:05.312Z","tickers":["XTIA"],"exchange":"NASDAQ","article_body":"XTI Aerospace Announces Completion of Internal Review; On Track to File Quarterly Report on Form 10-Q By October 26, 2026\nPR Newswire\n\nDALLAS, Oct. 13, 2026\n\nProvides Preliminary Second Quarter Results and Update on 2026 Guidance\n\nDALLAS, Oct. 13, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) (\"XTI\nAerospace,\" \"XTI\" or the \"Company\"), an aerospace and advanced technology\nplatform and parent company of Drone Nerds, LLC (\"Drone Nerds\"), a leading\ndrone solutions platform serving commercial, enterprise and government\ncustomers, today announced that its internal review, initiated in July\n2026, has been completed and the Company is on track to file its Form 10-Q by\nOctober 26, 2026.\n\n\"With the internal review complete, I am happy to report that there were no\nfinancial misstatements discovered and we are on track to report our second\nquarter results later this month,\" said Jeremy Schneiderman, Interim\nCEO. \"With this assessment behind us, we believe we are better positioned to\nensure that our corporate governance procedures meet the highest standards of\ncompliance and transparency moving forward. We appreciate the patience and\nsupport of our employees, partners, customers, and shareholders during this\nprocess as we build a best-in-class governance structure.\"\n\nThe internal review was overseen by a special committee of independent\ndirectors of the Company's Board of Directors (the \"Special Committee\"), with\nthe assistance of independent outside counsel. The Special Committee has\nreported to the Board of Directors on the completion of the review.\n\nConsistent with its ongoing commitment to strong corporate governance, the\nCompany intends to implement, under the oversight of the Board of Directors,\ncertain enhancements to its governance framework, policies and procedures. The\nBoard will continue to evaluate the Company's governance practices and may\nadopt additional measures as it deems appropriate.\n\nPreliminary Second Quarter Results\n\nThe Company anticipates reporting second quarter revenue of approximately\n$32.4 million, gross profit of approximately $5.6 million and loss from\noperations of approximately $9.1 million.\n\nThe preliminary financial information in this press release is unaudited,\nreflects management's current estimates based on information available as of\nthe date of this press release, and remains subject to the completion of the\nCompany's financial closing procedures and the review of the Company's\nindependent registered public accounting firm. The Company's actual results\nfor the second quarter may differ from these preliminary estimates.\n\nUpdate on 2026 Guidance\n\nThe Company is withdrawing its previously issued 2026 financial guidance at\nthis time and expects to provide a comprehensive update at a later date.\n\nAbout XTI Aerospace, Inc.\n\nXTI Aerospace, Inc. (\"XTI\") (Nasdaq: XTIA), headquartered in Dallas, Texas, is\nfocused on building a leading platform for commercial and government drone\nadoption in the growing unmanned aircraft systems (\"UAS\") industry. Through\nits subsidiary, Drone Nerds, LLC, XTI supports enterprise and government\ncustomers in sectors including public safety, agriculture, construction, and\nenergy across the drone program lifecycle, from hardware sourcing and\ndeployment to training, service, repair, and the Always Flying program. Its\nestablished U.S. customer base and reputation as a trusted solutions provider\nposition the company as a go-to-market partner for drone manufacturers and\nsoftware developers seeking to scale in the domestic market.\n\nFor more information about XTI, please visit xtiaerospace.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=2825794442&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D590182085%26u%3Dhttps%253A%252F%252Fxtiaerospace.com%252F%26a%3Dxtiaerospace.com&a=xtiaerospace.com)\n and follow XTI on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=357154908&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D1521617855%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fxtiaerospace%26a%3DLinkedIn&a=LinkedIn)\n, Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=1811818693&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D331458684%26u%3Dhttps%253A%252F%252Fwww.instagram.com%252Fxtiaerospace%26a%3DInstagram&a=Instagram)\n, X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=4153457925&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D573868182%26u%3Dhttps%253A%252F%252Fx.com%252FXTIAerospace%26a%3DX&a=X)\n, and YouTube\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=1297447578&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D2492076001%26u%3Dhttps%253A%252F%252Fwww.youtube.com%252F%2540XTIAerospace%26a%3DYouTube&a=YouTube)\n.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nCertain statements included in this press release that are not historical\nfacts (including any statements concerning plans and objectives of management\nfor future operations or economic performance, or assumptions or forecasts\nrelated thereto) are forward-looking statements within the meaning of Section\n27A of the Securities Act of 1933, as amended, Section 21E of the Securities\nExchange Act of 1934, as amended, and the Private Securities Litigation Reform\nAct of 1995. Forward-looking statements generally are accompanied by words\nsuch as \"believe,\" \"may,\" \"will,\" \"estimate,\" \"continue,\" \"anticipate,\"\n\"intend,\" \"expect,\" \"should,\" \"would,\" \"plan,\" \"project,\" \"forecast,\"\n\"predict,\" \"poised,\" \"positioned,\" \"potential,\" \"seem,\" \"seek,\" \"future,\"\n\"outlook,\" \"target,\" and similar expressions that predict or indicate future\nevents or trends or that are not statements of historical matters, but the\nabsence of these words does not mean that a statement is not forward-looking.\nThese forward-looking statements include, but are not limited to, (1) the\ntiming and content of the Company's updated 2026 guidance; (2) the timing of\nthe filing of the Form 10-Q and subsequent periodic reports; (3) the Company's\nsubmission of a plan to regain compliance and Nasdaq's acceptance of any such\nplan; (4) the continued listing of XTI's common stock on the Nasdaq Capital\nMarket; (5) the Company's planned governance, policy and procedural\nenhancements and the timing and anticipated benefits thereof; and (6) the\nCompany's preliminary, unaudited financial results for the second quarter.\nThese statements are based on various assumptions and estimates, whether or\nnot identified in this press release, and on the current expectations of XTI's\nmanagement and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. Actual events and circumstances are difficult or impossible to\npredict and will differ from assumptions. Many actual events and circumstances\nare beyond the control of XTI. These forward-looking statements are subject to\na number of risks and uncertainties, including, but not limited to: changes in\ndomestic and foreign business, market, financial, political and legal\nconditions; XTI's potential inability to file the Form 10-Q or subsequent\nperiodic reports, or to satisfy Nasdaq's continued listing requirements; the\nrisk that XTI's common stock is suspended from trading or delisted; the risk\nthat additional information comes to XTI's attention that affects its\npreviously issued financial statements, its disclosure controls and procedures\nor its internal control over financial reporting; the risk that XTI's\npreliminary financial results change upon completion of its financial closing\nprocedures and the review of its independent registered public accounting\nfirm; the risk that XTI's planned governance, policy and procedural\nenhancements are not implemented in a timely manner or do not achieve their\nintended benefits; XTI's expectation, as disclosed in its Notification of Late\nFiling on Form 12b-25 filed with the SEC on August 17, 2026, that the Form\n10-Q will disclose substantial doubt about XTI's ability to continue as a\ngoing concern; XTI's successful integration of any products (including\nachievement of synergies and cost reductions); XTI's ability to successfully\nand timely develop, sell and expand its services, and otherwise implement its\ngrowth strategy; risks relating to XTI's operations and business, including\ninformation technology and cybersecurity risks, loss of requisite licenses,\ndrone safety risks, loss of key customers and deterioration in relationships\nbetween XTI and its employees; risks related to increased competition; risks\nrelating to potential disruption of current plans, operations and\ninfrastructure of XTI, including as a result of the consummation of any\nacquisition; risks that XTI is unable to secure or protect its intellectual\nproperty; risks that XTI experiences difficulties managing its growth and\nexpanding operations; XTI's ability to compete with existing or new companies\nthat could cause downward pressure on prices, fewer customer orders, reduced\nmargins, the inability to take advantage of new business opportunities, and\nthe loss of market share; the ability to successfully select, execute or\nintegrate future acquisitions into XTI's business, which could result in\nmaterial adverse effects to operations and financial conditions; and those\nfactors discussed in the sections entitled \"Risk Factors\" and \"Cautionary\nStatement Regarding Forward-Looking Statements\" included in XTI's Annual\nReport on Form 10-K filed with the SEC on April 15, 2026 for the fiscal year\nended December 31, 2025 and in subsequent filings made by XTI with the SEC\nfrom time to time. If any of these risks materialize or XTI management's\nassumptions prove incorrect, actual results could differ materially from the\nresults implied by these forward-looking statements. The risks and\nuncertainties above are not exhaustive, and there may be additional risks that\nXTI presently does not know or that XTI currently believes are immaterial that\ncould also cause actual results to differ from those contained in the\nforward-looking statements. In addition, forward-looking statements reflect\nXTI's expectations, plans or forecasts of future events and views as of the\ndate of this press release. XTI anticipates that subsequent events and\ndevelopments will cause XTI's assessments to change. However, while XTI may\nelect to update these forward-looking statements at some point in the future,\nXTI specifically disclaims any obligation to do so. These forward-looking\nstatements should not be relied upon as representing XTI's assessments as of\nany date subsequent to the date of this press release. Accordingly, undue\nreliance should not be placed upon the forward-looking statements contained in\nthis press release.\n\nContacts:\n\nGeneral inquiries:\nEmail: contact@xtiaerospace.com (mailto:contact@xtiaerospace.com)\nWeb: https://xtiaerospace.com/contact\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796240-1&h=346162675&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4764440-1%26h%3D2224940040%26u%3Dhttps%253A%252F%252Fxtiaerospace.com%252Fcontact%26a%3Dhttps%253A%252F%252Fxtiaerospace.com%252Fcontact&a=https%3A%2F%2Fxtiaerospace.com%2Fcontact)\n\nInvestor Relations:\nIR@xtiaerospace.com (mailto:IR@xtiaerospace.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/xti-aerospace-announces-completion-of-internal-review-on-track-to-file-quarterly-report-on-form-10-q-by-october-26-2026-302906382.html\n(https://www.prnewswire.com/news-releases/xti-aerospace-announces-completion-of-internal-review-on-track-to-file-quarterly-report-on-form-10-q-by-october-26-2026-302906382.html)\n\nSOURCE XTI Aerospace, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1663093/XTI-Aerospace-Vertical-Logo-Black.jpg?id=OA3014624\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-13T11:00:05.402987993Z","server_sent_at_ms":1791889205402},"received_at":"2026-10-13T11:00:05.454Z","source_url":"https://www.prnewswire.com/news-releases/xti-aerospace-announces-completion-of-internal-review-on-track-to-file-quarterly-report-on-form-10-q-by-october-26-2026-302906382.html"},"analysis":{"id":"155580","press_release_id":"167270","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["2026 guidance withdrawn with no replacement timeline","going concern doubt expected in upcoming 10-Q per prior Form 12b-25","Nasdaq continued-listing compliance plan pending; delisting/suspension risk cited","Preliminary Q2 results unaudited and subject to change","Interim CEO in place"],"eventType":"late_filing","narrative":"XTI Aerospace completed the internal review initiated in July 2026 and found no financial misstatements; the company is on track to file its Form 10-Q by October 26, 2026.\n\nPreliminary second quarter results show revenue of roughly $32.4 million, gross profit of about $5.6 million, and a loss from operations of approximately $9.1 million.\n\nThe company withdrew its previously issued 2026 guidance pending a comprehensive update, and its prior Form 12b-25 flagged substantial doubt about its ability to continue as a going concern, alongside a Nasdaq continued-listing compliance plan.\n\nThe review was overseen by a special committee of independent directors with outside counsel, and the board plans governance and policy enhancements.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Internal review clears XTI of misstatements and sets 10-Q date, but withdrawn guidance and going-concern doubt keep listing risk alive."},"keyFigures":{"revenue":32400000,"guidance":"2026 financial guidance withdrawn; comprehensive update expected at a later date","customDimensions":{"gross_profit":5600000,"ten_q_deadline":"October 26, 2026","loss_from_operations":9100000}},"quotedText":"With the internal review complete, I am happy to report that there were no financial misstatements discovered and we are on track to report our second quarter results later this month","namedEntities":{"people":[{"name":"Jeremy Schneiderman","role":"Interim CEO"}],"products":["Always Flying program"],"companies":[{"name":"XTI Aerospace, Inc.","ticker":"XTIA","relationship":"filer"},{"name":"Drone Nerds, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$32.4 million","context":"preliminary Q2 revenue"},{"amount":"$5.6 million","context":"preliminary Q2 gross profit"},{"amount":"$9.1 million","context":"preliminary Q2 loss from operations"}]},"materialImpact":{"score":3,"reasoning":"Resolution of a late-filing/internal review situation is a material governance event, but the positives (no misstatements, 10-Q on track by Oct 26) are offset by withdrawal of 2026 guidance, a disclosed going-concern warning, and Nasdaq listing-compliance overhang."},"tickerRelevance":{"others":[],"primary":"XTIA"},"globalImportance":32,"audienceRelevance":30,"eventTypeSecondary":["earnings","guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"late-filing-resolution-with-preliminary-results","goingConcern":true,"listingComplianceRisk":true}},"event_type":"late_filing","event_type_secondary":["earnings","guidance_update"],"sentiment":"mixed","material_impact_score":3,"narrative":"XTI Aerospace completed the internal review initiated in July 2026 and found no financial misstatements; the company is on track to file its Form 10-Q by October 26, 2026.\n\nPreliminary second quarter results show revenue of roughly $32.4 million, gross profit of about $5.6 million, and a loss from operations of approximately $9.1 million.\n\nThe company withdrew its previously issued 2026 guidance pending a comprehensive update, and its prior Form 12b-25 flagged substantial doubt about its ability to continue as a going concern, alongside a Nasdaq continued-listing compliance plan.\n\nThe review was overseen by a special committee of independent directors with outside counsel, and the board plans governance and policy enhancements.","key_figures":{"revenue":32400000,"guidance":"2026 financial guidance withdrawn; comprehensive update expected at a later date","customDimensions":{"gross_profit":5600000,"ten_q_deadline":"October 26, 2026","loss_from_operations":9100000}},"named_entities":{"people":[{"name":"Jeremy Schneiderman","role":"Interim CEO"}],"products":["Always Flying program"],"companies":[{"name":"XTI Aerospace, Inc.","ticker":"XTIA","relationship":"filer"},{"name":"Drone Nerds, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$32.4 million","context":"preliminary Q2 revenue"},{"amount":"$5.6 million","context":"preliminary Q2 gross profit"},{"amount":"$9.1 million","context":"preliminary Q2 loss from operations"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T11:00:24.555Z","global_importance":32,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"late-filing-resolution-with-preliminary-results","goingConcern":true,"listingComplianceRisk":true}},"durationMs":6957,"modelName":"glm-5.3-flashx"}}