XTI Aerospace ( (XTIA) ) has released a notification of late filing.
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XTI Aerospace, Inc. has announced a delay in filing its annual report on Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the need for additional time for auditors to complete their review of the company’s consolidated financial statements, following a recent underwritten public offering that closed on March 31, 2025. The company expects to file the Form 10-K within the 15-day extension period allowed under Rule 12b-25. XTI Aerospace anticipates significant changes in its financial results, with expected revenues of approximately $3.2 million and gross profit of $1.9 million. Operating expenses are projected to increase by $31.3 million due to nonrecurring transaction costs related to a merger, increased stock-based compensation, and consulting fees. The company is committed to ongoing compliance efforts, as indicated by the signature of Brooke Turk, Chief Financial Officer, on the notification.
More about XTI Aerospace
YTD Price Performance: -88.56%
Average Trading Volume: 822,331
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.55M
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