XTI Aerospace ( (XTIA) ) has released a notification of late filing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
XTI Aerospace, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the need for additional time for auditors to complete their review of complex accounting treatments related to recent financial instruments issued during a public offering. The company expects to file the report within a five-day extension period. Financially, XTI Aerospace anticipates a revenue of approximately $0.5 million and a gross profit of $0.3 million for the quarter, with an increase in operating expenses by $1.7 million compared to the previous year, largely due to legal and accounting fees and increased administrative costs. The company is committed to ongoing compliance efforts, with the notification signed by CFO Brooke Turk.
The most recent analyst rating on (XTIA) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on XTI Aerospace stock, see the XTIA Stock Forecast page.
Spark’s Take on XTIA Stock
According to Spark, TipRanks’ AI Analyst, XTIA is a Neutral.
XTI Aerospace’s stock faces substantial challenges, primarily driven by financial underperformance and weak technical indicators. However, recent strategic initiatives and corporate events provide some optimism for future improvements. The overall score reflects the balance between current financial difficulties and potential future opportunities.
To see Spark’s full report on XTIA stock, click here.
More about XTI Aerospace
Average Trading Volume: 299,843
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.22M
See more insights into XTIA stock on TipRanks’ Stock Analysis page.