XTI Aerospace reports Q1 cont-op EPS (91c) vs. ($3.16) last year

Reports Q1 revenue $27.7M vs. $30.6M last year. “We believe the first quarter demonstrated continued progress in repositioning XTI Aerospace (XTIA) around a more scalable and financially disciplined operating model,” said CEO Scott Pomeroy. “Drone Nerds continued to expand its enterprise and government engagement, pipeline activity strengthened entering the second quarter, and we continued executing against our cost reduction and operational efficiency initiatives. Our focus remains on disciplined execution, margin improvement, liquidity management, and building long-term shareholder value.”