Income Statement XTI Aerospace, Inc.

Equities

XTIA

US98423K4058

Aerospace & Defense

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Mar. 05	XTI Aerospace Inc submits applications for three drone development programs with DIU and DARPA	RE
Feb. 17	XTI Aerospace Secures $20 Million JPMorgan Chase & Co. Asset-Based Lending Facility	CI

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Published financial data: XTI AEROSPACE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2021	2022	2023	2024
Revenues	-	-	-	-	3.2M
Total Revenues	-	-	-	-	3.2M
Cost of Goods Sold, Total	-	-	-	-	1.31M
Gross Profit	-	-	-	-	1.89M
Selling General & Admin Expenses, Total	3.36M	14.63M	11.4M	4.41M	25.25M
R&D Expenses	255K	2.67M	2.96M	1.31M	4M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	27.56K	622K
Other Operating Expenses, Total	3.61M	17.3M	14.36M	5.74M	29.87M
Operating Income	-3.61M	-17.3M	-14.36M	-5.74M	-27.98M
Interest Expense, Total	-301K	-745K	-878K	-1.23M	-1.16M
Interest And Investment Income	-	-	-	-	364K
Net Interest Expenses	-301K	-745K	-878K	-1.23M	-799K
Other Non Operating Income (Expenses)	-	-401K	342K	-272K	-260K
EBT, Excl. Unusual Items	-3.91M	-18.45M	-14.9M	-7.25M	-29.04M
Merger & Related Restructuring Charges	-	-	-	-1.85M	-6.49M
Gain (Loss) On Sale Of Investments	-	-	-	-196K	-3.7M
Asset Writedown	-	-	-	-	-2.51M
Other Unusual Items	-	-	14.47M	-15.78M	6.15M
EBT, Incl. Unusual Items	-3.91M	-18.45M	-427K	-25.07M	-35.59M
Income Tax Expense	-	-	-	-	16K
Earnings From Continuing Operations	-3.91M	-18.45M	-427K	-25.07M	-35.6M
Net Income to Company	-3.91M	-18.45M	-427K	-25.07M	-35.6M
Net Income - (IS)	-3.91M	-18.45M	-427K	-25.07M	-35.6M
Preferred Dividend and Other Adjustments	-	-	-	-	1.38M
Net Income to Common Incl Extra Items	-3.91M	-18.45M	-427K	-25.07M	-36.98M
Net Income to Common Excl. Extra Items	-3.91M	-18.45M	-427K	-25.07M	-36.98M
Per Share Items
Net EPS - Basic	-26.73	-126.36	-3.04	-140.73	-162.77
Basic EPS - Continuing Operations	-26.73	-126.36	-3.04	-140.73	-162.77
Basic Weighted Average Shares Outstanding	146K	146K	140K	178K	227K
Net EPS - Diluted	-26.73	-126.36	-3.04	-140.73	-162.77
Diluted EPS - Continuing Operations	-26.73	-126.36	-3.04	-140.73	-162.77
Diluted Weighted Average Shares Outstanding	146K	146K	140K	178K	227K
Normalized Basic EPS	-16.71	-78.98	-66.27	-25.43	-79.89
Normalized Diluted EPS	-16.71	-78.98	-66.27	-25.43	-79.89
Supplemental Items
EBITDA	-3.6M	-17.27M	-14.32M	-5.71M	-27.25M
EBITA	-3.6M	-17.28M	-14.33M	-5.72M	-27.36M
EBIT	-3.61M	-17.3M	-14.36M	-5.74M	-27.98M
EBITDAR	-	-	-	-5.63M	-26.79M
Effective Tax Rate - (Ratio)	-	-	-	-	-0.04
Current Domestic Taxes	-	-	-	-	16K
Total Current Taxes	-	-	-	-	16K
Total Deferred Taxes	-	-	-	-	0
Normalized Net Income	-2.45M	-11.53M	-9.31M	-4.53M	-18.15M
Interest on Long-Term Debt	301K	745K	878K	1.12M	1.16M
Supplemental Operating Expense Items
Advertising Expense	29.95K	-	-	13.48K	-
Selling and Marketing Expenses	29.95K	358K	729K	721K	3.23M
General and Administrative Expenses	3.33M	14.27M	10.67M	3.61M	22.02M
Research And Development Expense From Footnotes	255K	2.67M	2.96M	1.38M	4M
Net Rental Expense, Total	-	-	-	78.78K	460K
Imputed Operating Lease Interest Expense	-	-	-	50.78K	302K
Imputed Operating Lease Depreciation	-	-	-	28K	158K
Stock-Based Comp., G&A Exp. (Total)	-	12.47M	8.22M	1.64M	-1.53M
Stock-Based Comp., Other (Total)	2.46M	-	-14.47M	-	5.65M
Total Stock-Based Compensation	2.46M	12.47M	-6.25M	1.64M	4.12M

Fiscal Period: December	2019	2021	2022	2023	2024
Assets
Cash And Equivalents	4.73K	4.32M	115K	4.58K	4.1M
Short Term Investments	-	4K	3K	21.97K	88K
Total Cash And Short Term Investments	4.73K	4.32M	118K	26.55K	4.19M
Accounts Receivable, Total	-	-	-	-	706K
Other Receivables	-	170K	127K	101K	538K
Total Receivables	-	170K	127K	101K	1.24M
Inventory	-	-	-	-	2.21M
Prepaid Expenses	-	8.2K	17.64K	13.34K	377K
Other Current Assets, Total	73.33K	67.19K	19.92K	89.69K	553K
Total Current Assets	78.06K	4.57M	282K	231K	8.58M
Gross Property Plant And Equipment	-	35.29K	35.29K	36.23K	-
Accumulated Depreciation	-	-3.66K	-15.7K	-24.24K	-
Net Property Plant And Equipment	-	31.63K	19.59K	11.99K	546K
Goodwill	-	-	-	-	12.07M
Other Intangibles, Total	210K	302K	279K	266K	1.88M
Other Long-Term Assets, Total	-	-	-	-	1.21M
Total Assets	288K	4.9M	581K	509K	24.29M
Liabilities
Accounts Payable, Total	1.02M	454K	1.23M	2.5M	5.49M
Accrued Expenses, Total	286K	784K	1.89M	2.16M	7.22M
Short-term Borrowings	107K	-	-	3.2M	2.87M
Current Portion of Long-Term Debt	880K	1.07M	1.62M	3.49M	-211K
Current Portion of Leases	-	-	-	71.15K	119K
Unearned Revenue Current, Total	-	-	-	-	532K
Other Current Liabilities	544K	7.74M	7.07M	1.85M	1.4M
Total Current Liabilities	2.83M	10.05M	11.81M	13.26M	17.42M
Long-Term Debt	1.08M	3.37M	3.75M	18.55M	65K
Long-Term Leases	-	-	-	-	231K
Other Non Current Liabilities	-	-	-	333K	-
Total Liabilities	3.91M	13.41M	15.55M	32.14M	17.72M
Preferred Stock Redeemable	-	-	-	-	1.33M
Total Preferred Equity	-	-	-	-	1.33M
Common Stock, Total	36.77K	35.6K	34.64K	35.82K	2K
Additional Paid In Capital	9.35M	23.87M	17.84M	26.29M	99.42M
Retained Earnings	-13.01M	-32.42M	-32.85M	-57.96M	-93.56M
Comprehensive Income and Other	-	-	-	-	-622K
Total Common Equity	-3.62M	-8.51M	-14.97M	-31.63M	5.24M
Total Equity	-3.62M	-8.51M	-14.97M	-31.63M	6.57M
Total Liabilities And Equity	288K	4.9M	581K	509K	24.29M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.77M	146K	34.64M	35.82M	5.54M
ECS Total Common Shares Outstanding	36.77M	146K	34.64M	35.82M	1.69M
Book Value / Share	-0.1	-58.31	-0.43	-0.88	3.11
Tangible Book Value	-3.83M	-8.82M	-15.25M	-31.9M	-8.71M
Tangible Book Value Per Share	-0.1	-60.38	-0.44	-0.89	-5.17
Total Debt	2.07M	4.44M	5.37M	25.31M	3.07M
Net Debt	2.06M	117K	5.25M	25.28M	-1.12M
Debt Equivalent Oper. Leases	-	-	-	630K	3.68M
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	198K
Inventories - Work In Process, Total	-	-	-	-	116K
Inventories - Finished Goods, Total	-	-	-	-	1.9M
Machinery, Total	-	35.29K	35.29K	33.3K	-
Full Time Employees	-	-	12	-	43
Part Time Employees	-	-	-	-	4
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	18K

Fiscal Period: December	2019	2021	2022	2023	2024
Net Income	-3.91M	-18.45M	-427K	-25.07M	-35.6M
Depreciation & Amortization - CF	-	3.66K	12.04K	10.53K	350K
Amortization of Goodwill and Intangible Assets - (CF)	14.17K	26.33K	26.6K	27.56K	622K
Depreciation & Amortization, Total	14.17K	29.99K	38.64K	38.09K	972K
Amortization of Deferred Charges, Total - (CF)	132K	454K	501K	613K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	3.26M
Asset Writedown & Restructuring Costs	-	-	-	-	2.51M
Stock-Based Compensation (CF)	2.1M	12.47M	8.22M	1.64M	4.12M
Other Operating Activities, Total	358K	401K	-14.81M	16.25M	-5.09M
Change In Accounts Receivable	-	-250K	82.09K	-	-18K
Change In Inventories	-	-	-	-	611K
Change In Accounts Payable	136K	-133K	773K	1.27M	346K
Change in Unearned Revenues	-	-	-	-	-435K
Change in Other Net Operating Assets	280K	1.07M	801K	1.07M	7.03M
Cash from Operations	-889K	-4.41M	-4.83M	-4.18M	-22.31M
Capital Expenditure	-	-35.29K	-	-2.93K	-68K
Cash Acquisitions	-	-	-	-	2.97M
Sale (Purchase) of Intangible assets	-18.68K	-11.91K	-4.07K	-14.45K	-47K
Cash from Investing	-18.68K	-47.2K	-4.07K	-17.38K	2.85M
Short Term Debt Issued, Total	404	-	-	-	2M
Long-Term Debt Issued, Total	110K	2.61M	600K	3.88M	1.01M
Total Debt Issued	110K	2.61M	600K	3.88M	3.01M
Short Term Debt Repaid, Total	-36.12K	-62.52K	-	-	-
Long-Term Debt Repaid, Total	-30K	-76.58K	-20K	-13.98K	-868K
Total Debt Repaid	-66.12K	-139K	-20K	-13.98K	-868K
Issuance of Common Stock	298K	230K	50.22K	224K	22.22M
Repurchase of Common Stock	-	-	-	-	-795K
Other Financing Activities, Total	13.55K	5.95M	-	-	-
Cash from Financing	355K	8.65M	630K	4.09M	23.56M
Foreign Exchange Rate Adjustments	-	-	-	-	-10K
Net Change in Cash	-552K	4.19M	-4.2M	-110K	4.1M
Supplemental Items
Cash Interest Paid	-	3K	-	16.71K	61K
Cash Income Tax Paid (Refund)	-	-	-	-	16K
Levered Free Cash Flow	600K	-	-13.95M	-5.82M	-9.35M
Unlevered Free Cash Flow	657K	-	-13.9M	-5.66M	-8.62M
Change In Net Working Capital	-456K	-	-1.29M	3.74M	-3.89M
Net Debt Issued / Repaid	44.28K	2.47M	580K	3.86M	2.14M

Fiscal Period: December	2019	2021	2022	2023	2024
Profitability
Return on Assets	-397.19	-	-327.54	-658.38	-141.04
Return on Total Capital	213.58	-	131.2	44.63	-1.08K
Return On Equity %	127.67	-	3.63	107.56	284.2
Return on Common Equity	127.67	-	3.63	107.56	280.31
Margin Analysis
Gross Profit Margin %	-	-	-	-	58.96
SG&A Margin	-	-	-	-	788.66
EBITDA Margin %	-	-	-	-	-850.97
EBITA Margin %	-	-	-	-	-854.5
EBIT Margin %	-	-	-	-	-873.92
Income From Continuing Operations Margin %	-	-	-	-	-1.11K
Net Income Margin %	-	-	-	-	-1.11K
Net Avail. For Common Margin %	-	-	-	-	-1.15K
Normalized Net Income Margin	-	-	-	-	-566.87
Levered Free Cash Flow Margin	-	-	-	-	-291.89
Unlevered Free Cash Flow Margin	-	-	-	-	-269.19
Asset Turnover
Asset Turnover	-	-	-	-	0.26
Fixed Assets Turnover	-	-	-	-	11.48
Short Term Liquidity
Current Ratio	0.03	0.45	0.02	0.02	0.49
Quick Ratio	0	0.45	0.02	0.01	0.31
Operating Cash Flow to Current Liabilities	-0.31	-0.44	-0.41	-0.32	-1.28
Long Term Solvency
Total Debt/Equity	-56.99	-52.12	-35.84	-80.01	46.73
Total Debt / Total Capital	-132.53	-108.86	-55.85	-400.29	31.85
LT Debt/Equity	-29.74	-39.54	-25.01	-58.64	4.5
Long-Term Debt / Total Capital	-69.15	-82.57	-38.98	-293.35	3.07
Total Liabilities / Total Assets	1.36K	273.76	2.68K	6.31K	72.94
EBIT / Interest Expense	-12.01	-23.22	-16.37	-4.67	-24.06
EBITDA / Interest Expense	-11.96	-23.18	-16.32	-4.58	-23.03
(EBITDA - Capex) / Interest Expense	-11.96	-23.23	-16.32	-4.58	-23.09
Total Debt / EBITDA	-0.57	-0.26	-0.37	-4.5	-0.11
Net Debt / EBITDA	-0.57	-0.01	-0.37	-4.49	0.04
Total Debt / (EBITDA - Capex)	-0.57	-0.26	-0.37	-4.49	-0.11
Net Debt / (EBITDA - Capex)	-0.57	-0.01	-0.37	-4.49	0.04
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	43.59	-	-17.08	-59.1	377.53
EBITA, 1 Yr. Growth %	43.59	-	-17.03	-59.06	378.59
EBIT, 1 Yr. Growth %	43.32	-	-17	-58.94	387.17
Earnings From Cont. Operations, 1 Yr. Growth %	3.01	-	-97.69	5.2K	42.04
Net Income, 1 Yr. Growth %	3.01	-	-97.69	5.2K	42.04
Normalized Net Income, 1 Yr. Growth %	3.01	-	-19.26	-51.22	300.8
Diluted EPS Before Extra, 1 Yr. Growth %	7.21	-	-97.6	4.88K	-89.67
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-38.06	-38.78	4.45K
Total Assets, 1 Yr. Growth %	-66.1	-	-88.14	-12.38	4.67K
Tangible Book Value, 1 Yr. Growth %	41.47	-	73.02	108.99	-72.68
Common Equity, 1 Yr. Growth %	44.68	-	75.87	111.11	-116.58
Cash From Operations, 1 Yr. Growth %	-17.4	-	9.47	-13.41	433.53
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	2.17K
Levered Free Cash Flow, 1 Yr. Growth %	175.51	-	-	-57.44	46.94
Unlevered Free Cash Flow, 1 Yr. Growth %	-531.22	-	-	-58.43	54.14
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	6.78	119.11	-	-42.52	39.76
EBITA, 2 Yr. CAGR %	6.78	119.13	-	-42.48	39.99
EBIT, 2 Yr. CAGR %	6.91	118.87	-	-42.38	41.44
Earnings From Cont. Operations, 2 Yr. CAGR %	10.7	117.14	-	16.56	767.66
Net Income, 2 Yr. CAGR %	10.7	117.14	-	16.56	767.66
Normalized Net Income, 2 Yr. CAGR %	10.7	117.14	-	-37.33	39.83
Diluted EPS Before Extra, 2 Yr. CAGR %	11.98	117.43	-	5.53	659.11
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-38.42	427.89
Total Assets, 2 Yr. CAGR %	-30.85	312.59	-	-67.76	546.44
Tangible Book Value, 2 Yr. CAGR %	40.93	51.62	-	90.21	-24.44
Common Equity, 2 Yr. CAGR %	40.69	53.25	-	92.75	-40.84
Cash From Operations, 2 Yr. CAGR %	13.66	122.76	-	-2.64	114.95
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-71.19	-
Levered Free Cash Flow, 2 Yr. CAGR %	16.84	-	-	-	-17.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.76	-	-	-	-20.46
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	108.64	90.32	58.49	-	16.41
EBITA, 3 Yr. CAGR %	108.64	90.33	58.53	-	16.56
EBIT, 3 Yr. CAGR %	108.5	90.06	58.42	-	17.38
Earnings From Cont. Operations, 3 Yr. CAGR %	108.52	69.35	-52.22	-	24.5
Net Income, 3 Yr. CAGR %	108.52	69.35	-52.22	-	24.5
Normalized Net Income, 3 Yr. CAGR %	108.52	69.35	56.14	-	16.33
Diluted EPS Before Extra, 3 Yr. CAGR %	1.21K	71.77	-51.56	-	8.81
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	158.44
Total Assets, 3 Yr. CAGR %	-1.01	79.37	26.4	-	70.51
Tangible Book Value, 3 Yr. CAGR %	37.39	48.16	58.44	-	-0.39
Common Equity, 3 Yr. CAGR %	37.5	50.34	60.45	-	-14.92
Cash From Operations, 3 Yr. CAGR %	26.16	60.03	75.78	-	71.66
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	24.44
Levered Free Cash Flow, 3 Yr. CAGR %	48.04	-	185.4	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	58.69	-	176.65	-	-
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	112.77	35.33	17.89	49.92
EBITA, 5 Yr. CAGR %	-	112.77	35.35	17.93	50.04
EBIT, 5 Yr. CAGR %	-	112.59	35.36	17.91	50.6
Earnings From Cont. Operations, 5 Yr. CAGR %	-	111.93	-33.14	45.84	55.52
Net Income, 5 Yr. CAGR %	-	111.93	-33.14	45.84	55.52
Normalized Net Income, 5 Yr. CAGR %	-	111.93	36.08	13.79	49.32
Diluted EPS Before Extra, 5 Yr. CAGR %	-	539.15	-32.27	41.36	43.52
Total Assets, 5 Yr. CAGR %	-	75.21	-0.7	-9.71	142.81
Tangible Book Value, 5 Yr. CAGR %	-	42.91	51.19	63.73	17.84
Common Equity, 5 Yr. CAGR %	-	43.6	52.23	66.05	7.66
Cash From Operations, 5 Yr. CAGR %	-	58.37	47.65	31.18	90.51
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	99.67	92.91	73.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	97.91	106.11	67.35