XTI Aerospace, Inc. (XTIA) Q3 2026 Earnings Call Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to XTI Aerospace’s Third Quarter 2026 Conference Call and Webcast. [Operator Instructions] This call is being recorded. I’d now like to turn the call over to Alison Ziegler, Investor Relations for XTI. Alison, please go ahead.

Alison Ziegler

Thank you, [ Michael ], and good afternoon, everyone. Joining me today are Jeremy Schneiderman, our Interim Chief Executive Officer; and Brooke Turk, Chief Financial Officer. Earlier today, we issued a press release announcing our third quarter 2026 results. The release is available in the Investors section of our website at xtiaerospace.com. A replay of today’s call will also be available on our website.

Before we begin, please note that today’s discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements about our 2026 outlook, our expected cash flow, our liquidity, and financing arrangements, the restructuring of certain promissory notes, our credit facility, our business strategy, and market conditions. These statements are based on management’s current expectations. They are subject to risks and uncertainties that could cause actual results to differ materially. These risks include those described in our most recent Form 10-K and Form 10-Q and in other filings we make with the SEC. We undertake no obligation to update any forward-looking statement, except as required by law.

During this call, we will also refer to certain non-GAAP financial measures, including adjusted EBITDA. A reconciliation of these measures to the most direct comparable GAAP measures is included in today’s press