XTI Aerospace Posts $35.3M Q3 Revenue Amid Debt Restructuring Push
FORT LAUDERDALE – October 29, 2026 -- XTI Aerospace (Nasdaq: XTIA) reported preliminary third-quarter revenue of $35.3 million, in line with its 2026 outlook of $125 million to $130 million. The company is still working to restructure its acquisition-related notes and cure defaults under its credit facility.
The figure is unaudited. It remains subject to quarter-end closing procedures and review by the company's independent registered public accounting firm, and actual results may differ materially.
Revenue rose about 9% sequentially on enterprise drone demand
Interim CEO Jeremy Schneiderman attributed the roughly 9% increase over the second quarter to enterprise drone solutions and a broader product range. The range covers public safety, government, energy, infrastructure, agriculture and commercial markets. Schneiderman also cited lower corporate overhead and reduced cash burn in the quarter as "progress on our plan."