---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-086912"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:31:12.298684+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Inpixon Q3 revenue down 17% YoY; Nasdaq delisting notice received for low bid price

## Summary
- Q3 revenue $2.0M (-16.7% YoY); net loss from continuing ops $10.8M; non-GAAP adjusted EBITDA loss $4.1M.
- Nasdaq delisting determination for bid price ≤$0.10 for 10 consecutive days; company plans to appeal and cure by reverse split or XTI merger.
- Definitive merger with XTI Aircraft expected Q4 2023; shareholder meeting Dec 8; combined entity to be XTI Aerospace (ticker XTIA).
- Spin-off of UK SAVES via Grafiti and merger with Damon Motors expected Q1 2024; Damon has ~$85M pre-production reservations for HyperSport motorcycle.
- Cash and equivalents $13.5M at Sep 30, 2023; gross margin improved to 78% from 69% YoY due to higher-margin subscription mix.

## SEC filing metadata
- accession: 0001213900-23-086912
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/ea188356-8k425_inpixon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-086912
- JSON: https://secwatch.observer/filing/0001213900-23-086912.json
- Plain text: https://secwatch.observer/filing/0001213900-23-086912.txt

## Key facts
- Earnings Releases
  XTI Aerospace, Inc. reported third quarter ended September 30, 2023 results: revenue $2.0 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $2.0 million
  - Result: reported results
  source text: Revenues for the three and nine months ended September 30, 2023, were $2.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm
- Listing & Compliance Notices
  XTI Aerospace, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii), 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5810(c)(3)(A)(iii), 5550(a)(2)
  source text: November 9, 2023, the Company received notice (the “November 9 Letter”) from Nasdaq that Nasdaq had determined that as of November 8, 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that s
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm

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