Inpixon Q2 revenue down 19% YoY to $2.1M; merger with XTI Aircraft expected Q4 2023

XTI Aerospace, Inc.

2023-Q2 EPS reported -$1.16 revenue$5,161,000

Q2 2023 revenue $2.1M, down from $2.6M YoY; net loss from continuing ops $7.33M vs $8.97M.
Non-GAAP Adjusted EBITDA loss $5.0M, improved from $5.2M loss in prior year quarter.
Gross margin improved to 81% vs 67% YoY; cash and equivalents $15.7M as of June 30.
Definitive merger with XTI Aircraft; over 700 conditional pre-orders valued at ~$7.1B potential.
Business update presentation with XTI management to be held August 14 at 4:30 p.m. ET.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

XTI Aerospace, Inc. reported second quarter ended June 30, 2023 results: revenue $2.1 million and $5.2 million, respectively, net income $7.33 million, EPS loss of $0.18 and $0.79, respectively.

Period: second quarter ended June 30, 2023
Revenue: $2.1 million and $5.2 million, respectively
Net income: $7.33 million
EPS: loss of $0.18 and $0.79, respectively
Result: reported results

Exact text from the filing

program for the TriFan, secure FAA certification, and deliver the aircrafts. inpixon.com 1 Financial Results Revenues for the three and six months ended June 30, 2023 were $2.1 million and $5.2 million, respectively, compared to $2.6 million and $5.2 million, respectively, for the comparable periods in the prior year. This quarter-over-quarter decrease was

View on SEC.gov

Browse all earnings releases →

XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-067011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.