XTI Aerospace 11/14/2023 Earnings Report

XTI Aerospace EPS Results

• Actual EPS: -$2,000.00
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

XTI Aerospace Revenue Results

• Actual Revenue: $2.02 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

XTI Aerospace Announcement Details

• Date: 11/14/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

XTI Aerospace (NASDAQ:XTIA) Inc. (NASDAQ: XTIA) is an early‐stage aerospace company headquartered in Englewood, Colorado, focused on the design and development of vertical takeoff and landing (VTOL) aircraft for the business and specialty aviation markets. The company’s core mission is to deliver a next‐generation hybrid wing–body aircraft capable of both VTOL and short-takeoff and landing (STOL) operations, addressing the growing demand for point-to-point air transportation without the need for traditional airport infrastructure.

The company’s flagship product, the TriFan 600, is a six- to eight-seat business aircraft powered by a proprietary tri-fan propulsion system. Two wing-mounted fans and a rear-mounted fan can tilt between horizontal and vertical orientations, providing lift for VTOL operations and efficient cruise performance for distances up to several hundred nautical miles. Beyond the aircraft itself, XTI Aerospace plans to offer aftermarket support, maintenance services and pilot training to complement the TriFan 600’s entry into service.

Founded in the late 2010s, XTI Aerospace has advanced its technology through both private investment and government-sponsored research awards, including partnerships with NASA and other U.S. agencies. The company is building its manufacturing and engineering capabilities in Colorado, and it aims to achieve type certification and begin first deliveries in the mid-2020s. XTI’s leadership team comprises aerospace engineers, program managers and aviation industry veterans working to bring the TriFan 600 from prototype to commercial operation.