XTI Aerospace Inc
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 16, 2024
XTIA$1.00+6.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the years ended and
(In thousands, except per share data)
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | $4,562 | $6,109 |
| Cost of Revenues | 1,458 | 2,121 |
| Gross Profit | 3,104 | 3,988 |
| Operating Expenses | ||
| Research and development | 4,355 | 4,484 |
| Sales and marketing | 2,636 | 2,214 |
| General and administrative | 14,970 | 14,054 |
| Acquisition-related costs | 4,170 | 410 |
| Transaction costs | 3,059 | — |
| Impairment of goodwill and intangibles | — | 1,183 |
| Amortization of intangibles | 843 | 887 |
| Total Operating Expenses | 30,033 | 23,232 |
| Loss from Operations | (26,929) | (19,244) |
| Other Income (Expense) | ||
| Interest expense, net | (4,730) | (600) |
| Other income/(expense), net | 694 | (19) |
| Warrant inducement expense | (3,361) | — |
| Total Other Income (Expense) | (7,397) | (619) |
| Net Loss from Continuing Operations, before tax | (34,326) | (19,863) |
| Income tax (provision)/benefit | (24) | 181 |
| Net Loss from Continuing Operations | (34,350) | (19,682) |
| Net Loss from Discontinued Operations, Net of Tax | (12,750) | (46,622) |
| Net Loss | (47,100) | (66,304) |
| Net Expense Attributable to Non-controlling Interest | (1,153) | (2,910) |
| Net Loss Attributable to Stockholders of XTI Aerospace, Inc. | (45,947) | (63,394) |
| Accretion of Series 7 preferred Stock | — | (4,555) |
| Accretion of Series 8 Preferred Stock | — | (13,090) |
| Deemed dividend for the modification related to Series 8 Preferred Stock | — | (2,627) |
| Deemed contribution for the modification related to Warrants issued in connection with Series 8 Preferred Stock | — | 1,469 |
| Amortization premium- modification related to Series 8 Preferred Stock | — | 2,627 |
| Net Loss Attributable to Common Stockholders | $(45,947) | $(79,570) |
(In thousands, except per share data)
| Net Loss Per Share - Basic and Diluted | ||
|---|---|---|
| Continuing Operations | $(55.22) | $(1,412.86) |
| Discontinued Operations | $(21.21) | $(1,999.23) |
| Net Loss Per Share - Basic and Diluted | $(76.42) | $(3,412.09) |
| Weighted Average Shares Outstanding | ||
| Basic and Diluted | 601,211 | 23,320 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.