XTI Aerospace Stock Price, News & Analysis

XTI Aerospace (Nasdaq: XTIA) announced that its business unit Inpixon has won the 'RTLS Solution of the Year 2025' award at the 9th annual IoT Breakthrough Awards. Inpixon, which competed against over 40 other entrants, was recognized for its innovative real-time location services (RTLS) solutions that enhance operational efficiency and safety across industries.

Steve Johansson, IoT Breakthrough's managing director, praised Inpixon's technology-agnostic, scalable solutions for driving value through smarter operations and real-time visibility. Scott Pomeroy, CEO of XTI Aerospace, emphasized how this recognition demonstrates Inpixon's value to the company's portfolio, while Inpixon CEO Soumya Das highlighted their commitment to AI-powered location-aware solutions.

Inpixon's RTLS solutions provide real-time insights into asset, equipment, and personnel movement, serving industries including manufacturing, logistics, mining, and government sectors.

XTI Aerospace (XTIA) has announced the appointment of Stephanie Chung to its Corporate Advisory Board. Chung, the former Chief Growth Officer at Wheels Up, brings over 35 years of experience in aviation, aerospace, and luxury services. Her extensive career includes senior leadership positions at Wheels Up, JetSuite, and Bombardier Inc.

Chung's track record includes significant achievements in market expansion, operational streamlining, and customer experience enhancement. She has been recognized with multiple industry accolades, including features in AdWeek's 'Women Trailblazers' and Robb Report's '23 Black Visionaries Who Are Changing The Luxury World.'

The appointment aligns with XTI's strategic focus on bringing the TriFan 600 to market, with CEO Scott Pomeroy highlighting Chung's potential contribution to the company's innovation and growth objectives.

XTI Aerospace (NASDAQ: XTIA) has announced key Q1 2025 product and engineering milestones for its flagship TriFan 600 airplane. The company plans to unveil 'Sparrow,' a 1:15 scale unmanned aircraft model, to validate transitional flight dynamics using rotating ducted fans.

Key Q1 2025 milestones include optimizing fuel system design, enhancing engine air intake and exhaust, conducting downwash/outwash studies, developing flight deck mockups, applying for FAA type certification, and updating the Global Finite Element Model. The company will later launch a more complex prototype called 'Kestrel' and reopen pre-sales for fleet operators.

The certification pathway includes four major gates: Preliminary Design Review, Critical Design Review, First Flight, and Type Certification. These developments aim to advance XTI's goal of redefining regional air travel through point-to-point solutions.

XTI Aerospace (NASDAQ: XTIA) has announced the appointment of Kimberly Montgomery to its Corporate Advisory Board. Montgomery, currently President of GMR Health Systems at Global Medical Response, brings over 20 years of leadership experience in air medical transport and pre-hospital healthcare.

In her role at GMR, Montgomery oversees business operations across more than 70 base locations in the U.S. Her extensive experience includes senior positions at Seven Bar Aviation, Med-Trans Corp, and EagleMed. She holds leadership positions in key industry organizations, including the Executive Committee of the Association of Air Medical Services and is a past Chairman of the Air Medical Operators Association.

Montgomery's appointment aims to strengthen XTI Aerospace's expertise in aviation operations, safety, and healthcare partnerships as the company continues its expansion in the aerospace industry.

XTI Aerospace (NASDAQ: XTIA) has provided a shareholder update highlighting key developments in 2024. The company successfully raised $45 million in total gross proceeds through stock offerings, with $20 million raised at $13.75 per share (post 1-for-250 reverse stock split) and an additional $25 million through at-the-market offerings.

The company reported reducing its balance sheet liabilities as of December 31, 2024, compared to September 30, 2024, and streamlined its capitalization structure. Technical achievements include completing a General Familiarization meeting with the FAA, releasing the C211.2 configuration of the TriFan 600 aircraft, and making progress on aircraft systems and design elements ahead of FAA Type Certification.

Other developments include entering a non-binding agreement to acquire equity in ReadyMonitor AI drone company, forming a Corporate Advisory Board, and launching Hangar X Studios, which has produced eleven episodes.

XTI Aerospace (NASDAQ: XTIA) has secured access to the Frontier supercomputer at Oak Ridge National Laboratory's Leadership Computing Facility to accelerate the development of its TriFan 600 aircraft. Frontier, currently ranked as the world's second most powerful commercially available computing system, can perform over a quintillion calculations per second.

The company will utilize Frontier's advanced computational capabilities to conduct detailed computational fluid dynamics (CFD) simulations, focusing on optimizing the aerodynamic performance of the TriFan 600. This VTOL aircraft combines helicopter-like operational flexibility with fixed-wing airplane characteristics in terms of speed and range.

The supercomputer access will enable XTI to refine critical design features, particularly the fan duct and the transition between vertical and horizontal flight modes, to enhance performance and efficiency.

XTI Aerospace (XTIA) has announced the addition of David Oppenheimer to its Corporate Advisory Board. Oppenheimer brings over 40 years of experience in emerging technologies and national policy. His background includes leading global research teams in advanced analog computing and optical display technologies for defense applications, working with General Atomics on commercial aircraft development, and serving as president of National Sensor

Oppenheimer previously advised the Chairman of the U.S. House Committee on Science, Space, and Technology, contributing to bipartisan policies on patent rights, foreign policy, and technological innovation. His expertise extends to nuclear materials control and studies on chemical and biological threats. Michael Tapp, Chairman of the XTI Corporate Advisory Board, highlighted Oppenheimer's extensive experience in sciences and aviation, noting his belief in XTI's potential impact on the future of air travel.

XTI Aerospace (NASDAQ: XTIA) has signed a non-binding MOU to acquire a 30% equity stake in ReadyMonitor, an AI-powered autonomous drone company, with an option to acquire the remaining 70% within 12 months. The transaction is expected to close in Q1 2025.

ReadyMonitor holds a unique FAA waiver allowing for drone operations beyond visual line of sight without human presence. The company provides Drone-as-a-Service solutions to enterprise customers, offering 100% turnkey solutions with remote autonomous operation through their 24/7 Operations Center.

The acquisition aims to combine drone technology with VTOL innovation, potentially accelerating XTI's development of both UAV and VTOL solutions. DroneNerds, the largest UAV dealer in the US and current 40% stakeholder in ReadyMonitor, supports the transaction and will continue providing customer access and service.

XTI Aerospace (NASDAQ: XTIA) has successfully closed its previously announced best-efforts offering, raising $20 million through the sale of 1,454,546 shares of common stock. The shares were priced at-the-market at $13.75 per share on a post 1-for-250 reverse stock split basis.

ThinkEquity served as the sole placement agent for the offering, which was conducted under the company's effective shelf registration statement on Form S-3. The net proceeds will be primarily used for working capital and general corporate purposes. The offering was made through a prospectus supplement and prospectus filed with the SEC.