XTI Aerospace announced preliminary unaudited revenue for the third quarter of 2026, driven by sustained demand for enterprise drone solutions through its Drone Nerds subsidiary. While the company is achieving sequential growth and reducing overhead, management remains focused on addressing significant liquidity concerns and restructuring acquisition-related debt by year-end.
Key Highlights
- Reported preliminary revenue of $35.3 million for the third quarter, reflecting a 9% sequential increase over the second quarter of 2026.
- Reaffirmed full-year 2026 revenue guidance in the range of $125 million to $130 million.
- Achieved reductions in corporate overhead and lower cash burn during the third quarter.
- Continued efforts to restructure acquisition-related notes and secure a waiver for cross-defaults under its credit facility prior to the December 31, 2026, deadline.