XTI Aerospace, Inc. (XTIA): auditor change — XTI Aerospace preliminary FY2024 revenue $3.2M, operating expenses $38.9M; auditor changed to CBIZ

XTI Aerospace, Inc.

Q4 2024 revenue estimated at $1.0M; full-year $3.2M; operating expenses $10.6M Q4, $38.9M FY.
Cash and debt as of Dec 31, 2024: $4.1M and $2.7M; as of filing date: $10.5M and $2.1M.
Marcum LLP resigns as auditor effective upon 10-K filing; Audit Committee engages CBIZ CPAs P.C. for FY2025.
Prior-year audit opinion included going concern uncertainty; material weaknesses in internal controls noted.

item 2.02 item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

XTI Aerospace, Inc. engaged CBIZ CPAs P.C. as its auditor.

Action: engagement
Auditor: CBIZ CPAs P.C.

Exact text from the filing

On March 24, 2025, the Audit Committee of the Company’s Board of Directors approved the engagement of CBIZ as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to the execution of an engagement letter by the Company and CBIZ.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Marcum LLP resigned as auditor of XTI Aerospace, Inc..

Action: resignation
Auditor: Marcum LLP

Exact text from the filing

1, 2024 and 2023, and through March 24, 2025, the date Marcum informed the Company of their resignation, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Marcum on any matter of accounting principles or

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-25-003029

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