A Business at a Glance
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ITEM 1: BUSINESS We are primarily an aircraft development company. We also provide real-time location systems (“RTLS”) for the industrial sector, which was Legacy Inpixon’s focus prior to the closing of the XTI Merger. Headquartered in Englewood, Colorado, the Company is developing a vertical takeoff and landing (“VTOL”) airplane that is designed to take off and land like a helicopter and cruise like a fixed-wing business airplane. We believe our initial configuration, the TriFan 600 airplane, will be one of the first civilian fixed-wing VTOL airplane that offers the speed and comfort of a business airplane and the range and versatility of VTOL for a wide range of customer applications, including private aviation for business and high net worth individuals, emergency medical services, and regional charter air travel.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.2M | 3.2M | 4.6M | 6.1M | - | - |
| Net Income | 0 | - | - | - | -77M | -29M |
| EPS | $-162.78 | $-162.78 | $-19,105.00 | $-853,022.50 | $-1,279,500.00 | $-1,893,750.00 |
| Free Cash Flow | -22M | -22M | -29M | -34M | -37M | -22M |
| ROIC | 0.0% | - | - | - | -94.5% | -65.5% |
| Gross Margin | 59.0% | 59.0% | 68.0% | 65.3% | - | - |
| Debt/Equity | 0.00 | 0.41 | 1.38 | 0.38 | 0.04 | 0.12 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -37M | -37M | -27M | -19M | -73M | -24M |
| Operating Margin | -1154.9% | -1154.9% | -590.3% | -315.0% | - | - |
| ROE | 0.0% | - | - | - | -94.5% | -65.5% |
| Shares Outstanding | 6M | 6M | 0M | 0M | 0M | 0M |
| Metric | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 6.3M | N/A | N/A | 6.1M | 4.6M | 3.2M | 3.2M |
| Gross Margin | 74.5% | N/A | N/A | 65.3% | 68.0% | 59.0% | 59.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -21M | -24M | -73M | -19M | -27M | -37M | -37M |
| Op. Margin | -330.3% | N/A | N/A | -315.0% | -590.3% | -1154.9% | -1154.9% |
| Net Income | N/A | -29M | -77M | N/A | N/A | N/A | 0 |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 2.5M | 2.5M |
| Returns on Capital | |||||||
| ROIC | N/A | -65.5% | -94.5% | N/A | N/A | N/A | 0.0% |
| ROE | N/A | -65.5% | -94.5% | N/A | N/A | N/A | 0.0% |
| ROA | N/A | -49.5% | -49.3% | N/A | N/A | N/A | 0.0% |
| Cash Flow | |||||||
| Op. Cash Flow | -11M | -21M | -37M | -34M | -29M | -22M | -22M |
| Free Cash Flow | -11M | -22M | -37M | -34M | -29M | -22M | -22M |
| Owner Earnings | -15M | -23M | -49M | -39M | -31M | -27M | -27M |
| CapEx | 89K | 972K | 346K | 245K | 172K | 68K | 68K |
| Maint. CapEx | 1.1M | 826K | 1.3M | 1.4M | 1.0M | 113K | 113K |
| Growth CapEx | 0 | 146K | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.1M | 826K | 1.3M | 1.4M | 1.0M | 113K | 113K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.5M | 1.2M | 11M | 3.7M | 1.0M | 4.1M | 4.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 868K | 868K |
| Balance Sheet | |||||||
| Net Debt | 2.5M | -21M | -92M | 3.3M | 2.5M | -1.4M | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 65K | 65K |
| Debt/Equity | 1.21 | 0.12 | 0.04 | 0.38 | 1.38 | 0.41 | 0.00 |
| Interest Coverage | -1040.5 | -5948.5 | -24247.7 | -9622.0 | N/A | -32.3 | -32.3 |
| Equity | 6.0M | 45M | 82M | 33M | 6.3M | 6.6M | 6.6M |
| Total Assets | 21M | 59M | 157M | 58M | 24M | 24M | 24M |
| Total Liabilities | 15M | 14M | 28M | 26M | 17M | 18M | 18M |
| Intangibles | 10M | 21M | 41M | 6.0M | 4.4M | 14M | 14M |
| Retained Earnings | -152M | -181M | -250M | -314M | -360M | -94M | -94M |
| Working Capital | -7.0M | 18M | 79M | 5.2M | 3.6M | -8.8M | -8.8M |
| Current Assets | 6.8M | 30M | 106M | 30M | 20M | 8.6M | 8.6M |
| Current Liabilities | 14M | 12M | 27M | 25M | 17M | 17M | 17M |
| Per Share Data | |||||||
| EPS | -89,100,000.00 | -1,893,750.00 | -1,279,500.00 | -853,022.50 | -19,105.00 | -162.78 | -162.78 |
| Owner EPS | -282,537.81 | -278,170.18 | -71,695.14 | -982.74 | -787.95 | -4.79 | -4.79 |
| Book Value | 111,372.83 | 548,925.27 | 118,832.88 | 839.24 | 159.76 | 1.19 | 1.19 |
| Cash Flow/Share | -197,241.98 | -253,330.26 | -53,939.14 | -855.97 | -736.26 | -4.03 | 0.02 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 5.5M | 5.5M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | -0.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 59.1 | 3.5 | 8.8 | 47.7 | 8.8 | 8.4 | 1.8 |
| Price/Sales | 551.5 | N/A | N/A | N/A | 91.0 | 706.9 | 3.8 |
| FCF Yield | -3.0% | -13.9% | -5.2% | -2.2% | -52.9% | -40.4% | -186.2% |
| Market Cap | 356M | 156M | 722M | 1.6B | 56M | 55M | 12M |
| Avg. Price | 64,262,611.81 | 3,302,901.79 | 2,000,736.17 | 379,714.03 | 10,457.64 | 408.76 | 2.17 |
| Year-End Price | 6,581,250.00 | 1,912,500.00 | 1,048,125.00 | 40,000.00 | 1,400.00 | 10.00 | 2.17 |
XTI Aerospace, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 64.1%. At current prices, the estimated annualized return to fair value is -21.7%.
XTI Aerospace, Inc. (XTIA) has a 5-year average return on invested capital (ROIC) of -80.0%. This is below average and may indicate limited pricing power.
XTI Aerospace, Inc. (XTIA) has a market capitalization of $12M. It is classified as a small-cap stock.
XTI Aerospace, Inc. (XTIA) does not currently pay a regular dividend.
XTI Aerospace, Inc. (XTIA) operates in the Services-Computer Programming Services industry, within the Technology sector.
XTI Aerospace, Inc. (XTIA) reported annual revenue of $3 million in its most recent fiscal year, based on SEC EDGAR filings.
XTI Aerospace, Inc. (XTIA) generated $-22 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
XTI Aerospace, Inc. (XTIA) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
XTI Aerospace, Inc. (XTIA) reported earnings per share (EPS) of $-162.78 in its most recent fiscal year.
XTI Aerospace, Inc. (XTIA) has a 5-year average gross margin of 64.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for XTI Aerospace, Inc. (XTIA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
XTI Aerospace, Inc. (XTIA) has a book value per share of $1.19, based on its most recent annual SEC filing.