What Happened
Aerospace Company Sees Revenue Growth Amid Restructuring Efforts
XTI Aerospace, Inc. has announced its second quarter 2026 financial results, reporting revenue of $32.4 million. The company has taken significant steps to reduce its corporate and ADS headcount and related compensation, and has consolidated its office footprint. XTI Aerospace had $7.2 million of unrestricted cash and cash equivalents as of June 30, 2026, and expects to transition to positive net cash provided by operating activities in the fourth quarter of 2026. The company’s financial outlook is subject to risks and uncertainties, including the impact of Section 232 tariffs and other trade measures. This announcement was first reported by PR Newswire.