Filing Flows › XTI Aerospace (XTIA) › Q4 2024
XTI Aerospace (XTIA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
XTI Aerospace (XTIA) reported revenue of $1.0M for the fourth quarter 2024 (Q4 2024), -77% from a year earlier and +13% from the quarter before. Operating margin was -964.2%.
XTI Aerospace, Q4 2024: revenue $1.0M (-77% year over year), operating margin -964.2%, net loss $13.9M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | +13% | -77% |
| Operating profit | −$10.0M | — | — |
| Net earnings | −$13.9M | — | — |
| Operating cash flow | −$8.0M | — | — |
What changed
Revenue was $1.0M in Q4 2024, down 77% year over year and up 13% from the previous quarter.
Gross margin was 54.7%, down 13.3 points from a year earlier. Operating costs exceeded revenue by $10.0M, an operating margin of -964.2%. Operating expenses grew 252% against a revenue fall of 77%. The fastest-growing cost line was Research & development (+1310%). The quarter ended with a net loss of $13.9M, wider than the previous quarter's $4.4M loss.
Operating cash flow was −$8.0M. Non-cash charges added back $32K of depreciation and amortization and $277K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $14K exceeded it, leaving free cash flow of −$8.0M.
Questions
What was XTI Aerospace's revenue in the fourth quarter 2024?
XTI Aerospace (XTIA) reported revenue of $1.0M for the fourth quarter 2024 (Q4 2024), -77% from a year earlier and +13% from the quarter before.
Was XTI Aerospace profitable in the fourth quarter 2024?
Operating loss was $10.0M (-964.2% of revenue) and net loss $13.9M.
Source: XTI Aerospace 10-K on SEC EDGAR.