Fort Lauderdale, Florida, October 22nd / PRNewswire / -- XTI Aerospace, Inc. (Nasdaq ticker: XTIA) ("XTI Aerospace", "XTI" or "the Company") is an aerospace and advanced technology platform company, as well as the parent company of Drone Nerds, LLC ("Drone Nerds"). Drone Nerds is a leading drone solutions platform for commercial, corporate, and government customers. The company announced today that its preliminary revenue for the third quarter ending September 30, 2026, was $35.3 million, which is in line with the company's revenue forecast for 2026 of $125 million to $130 million given in its second-quarter earnings announcement earlier this week.

The company stated that the preliminary revenue for the third quarter has not been audited. Based on the information currently available, it is still necessary to complete the financial closing procedures at the end of the quarter and to have them reviewed by an independent registered accounting firm. The actual results may differ significantly from these preliminary figures.

"In the third quarter, there was a year-on-year growth of approximately 9% compared to the second quarter of 2026, mainly driven by the ongoing demand for enterprise drone solutions and the expansion of our product portfolio targeting public safety, government, energy, infrastructure, agriculture, and commercial markets," said Jeremy Schneiderman, the interim CEO of XTI Aerospace. "The revenue growth, combined with the reduction in corporate management expenses and lower cash consumption that we achieved in the third quarter, reflects progress according to our plans; at the same time, we are still working to address our recent liquidity needs, including bills related to reorganization and acquisitions."

Regarding XTI Aerospace, Inc.

XTI Aerospace, Inc. ("XTI") (Nasdaq ticker: XTIA) focuses on creating leading platforms for commercial and government drones in the rapidly growing drone systems industry. Through its subsidiaries Drone Nerds, LLC, and XTI, it provides support to enterprises and government clients in areas such as public safety, agriculture, construction, and energy, covering the entire lifecycle of drone projects, including hardware procurement, deployment, training, services, maintenance, as well as its proprietary Always Flying™ programs. The company has a mature customer base in the United States and is known as a trusted solution provider, making it a market entry partner for drone manufacturers and software developers looking to expand their presence in the U.S. market.

For more information, please visit xtiaerospace.com, and follow XTI's LinkedIn, Instagram, X, and YouTube.

Warning Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than those that are historical facts stated in this press release are forward-looking statements.

Forward-looking statements can be identified by phrases such as “believe,” “continue,” “may,” “will,” “shall,” “expect,” “intend,” “plan,” “goal,” “estimate,” “forecast,” and similar expressions. These statements are subject to risks, uncertainties, and other factors, and may result in significant differences between actual outcomes and those expressed or implied.Related risks include, but are not limited to: whether the company will be able to obtain an exemption from existing cross-defaults under its asset-based credit arrangements before the expiration of the limited exemption period, and to restructure or repay promissory notes related to the acquisition; this exemption period may terminate 10 days after notice from the noteholders, and in any case no later than December 31, 2026; the lender may refuse further loans or accelerate the repayment of outstanding borrowings; there are significant doubts regarding the company's ability to continue as a going concern; whether the company will be able to maintain its listing status for common stocks on NASDAQ; the impact of Section 232 tariffs and other trade measures; pending regulatory investigations and proceedings related to the company and its subsidiaries; potential conflicts of interest arising from the temporary CEO's economic interests among the noteholders related to the company's acquisition; market adoption, regulatory requirements, supply chain conditions, technological developments, integration of the acquired business, the company's liquidity, and the ability to obtain additional capital under acceptable terms or not at all; the company's negative shareholders' equity and adequacy of capital resources; changes in applicable laws or regulations; fluctuations in customer demand and seasonal purchasing patterns; the company's ability to achieve expected gross margins and reduce operating costs; cash flow timing and inventory management; the outcome of pending legal proceedings involving the company and its subsidiaries; the company's ability to maintain relationships with key suppliers; restrictions and obligations under the company's ABL credit arrangements; the contraction of the company's ADS business; risks related to the development of the ATM business that has not yet generated revenue; potential significant non-cash expenses due to changes in the fair value of warrant liabilities; and other risks and uncertainties described in the documents submitted by the company to the U.S. Securities and Exchange Commission. The financial outlook and other projections in this press release are based on management's current expectations and assumptions and are particularly subject to the impacts of the aforementioned risks.Except as required by applicable laws, XTI does not assume any obligation to update any forward-looking statements to reflect subsequent events or circumstances. Readers are advised to refer to the risk factors described in the documents submitted by XTI to the U.S. Securities and Exchange Commission, including its most recent 10-K annual report and subsequent documents.

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