---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-039767"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:05:33.450576+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Inpixon Q1 revenue $3.1M (+17% YoY); net loss from ops $12.3M

## Summary
- Revenue $3.1M, up 17% vs $2.6M YoY; gross margin improved to 75% from 70%.
- Net loss from continuing ops $12.3M vs $10.8M YoY; adjusted EBITDA loss $7.7M vs $8.8M.
- Completed spin-off of workplace experience business line on March 14, 2023.
- Cash and equivalents over $15M as of March 31, 2023; potential transaction for remaining business advancing.
- Non-GAAP net loss per share $1.01 vs $4.79 YoY; operating expenses decreased to $10.5M.

## SEC filing metadata
- accession: 0001213900-23-039767
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390023039767/0001213900-23-039767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390023039767/ea178546-8k_inpixon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-039767
- JSON: https://secwatch.observer/filing/0001213900-23-039767.json
- Plain text: https://secwatch.observer/filing/0001213900-23-039767.txt

## Key facts
- Earnings Releases
  XTI Aerospace, Inc. reported first quarter ended March 31, 2023 results: revenue $3.1 million, net income $12.3 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $3.1 million
  - Net income: $12.3 million
  - Result: reported results
  source text: demonstrates our commitment to increasing value for shareholders. At the same time, for the remainder of our business, we were also able to achieve a 17% increase in revenue to $3.1 million for the first quarter of 2023 as compared to the same period of last year, while effectively reducing our operating expenses as compared to the same period of last year. We have
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390023039767/0001213900-23-039767-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.