#United States #Dallas #XTI Aerospace #Drone Nerds #Internal Review

XTI Aerospace Completes Internal Review

XTI Aerospace, Inc. (Nasdaq: XTIA) has announced the completion of its internal review, which began in July 2026. This review has confirmed that there were no financial misstatements. The aerospace company, known for its innovative work in drone technology, is now preparing to file its quarterly report on Form 10-Q by October 26, 2026.

Jeremy Schneiderman, the interim CEO of XTI Aerospace, expressed satisfaction with the results of the internal review, indicating that it would not only help XTI meet regulatory requirements but also build a stronger governance framework. “With the assessment behind us, we are better positioned to ensure that our corporate governance procedures meet the highest standards of compliance and transparency,” he stated.

The internal review was conducted by a special committee of independent directors with the assistance of external legal advisors, ensuring an unbiased oversight process. The findings will be reported to the Board of Directors, and proactive steps will be taken to implement improvements in governance policies and procedures to align with industry best practices.

Preliminary Financial Outcomes

In alignment with its quarterly preparations, XTI has shared preliminary results for the second quarter of 2026. The company anticipates revenues of about $32.4 million, projecting a gross profit of $5.6 million, along with an operational loss estimated at about $9.1 million. These figures are preliminary and unaudited, underscoring the need for the completion of financial closing procedures and further reviews by independent auditors.

XTI's board is also set to review the company’s governance practices and may take additional measures as necessary, reflecting its commitment to enhancing corporate governance and operational transparency. The company has chosen to withdraw its previous financial guidance for 2026, indicating possible adjustments that will be communicated at a later time.

About XTI Aerospace

XTI Aerospace, headquartered in Dallas, Texas, specializes in the commercial and governmental drone markets through its subsidiary, Drone Nerds, LLC. Drone Nerds provides drone solutions for various sectors including public safety, agriculture, construction, and energy. With a strong foothold in the market, XTI is positioned as a vital partner for both drone manufacturers and software developers aiming to expand in the domestic market.

As the company progresses toward its official quarterly filing, it reaffirms its commitment to high standards of financial integrity and solid governance. Stakeholders, including employees, partners, and investors, have been thanked for their support during the review process, and XTI looks forward to a more robust operational framework moving ahead.

For ongoing updates and additional information, interested parties are encouraged to check XTI’s website at xtiaerospace.com and follow the company on social media platforms like LinkedIn, Instagram, and YouTube.