XTI Aerospace (XTIA) Q1 2026 Earnings Transcript

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DATE

Thursday, May 14, 2026 astatine 4:30 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Scott Pomeroy

• Chief Financial Officer — Brooke Turk

• Chief Executive Officer, DroneNerds — Jeremy Schneiderman

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Full Conference Call Transcript

Operator: Good afternoon, and invited to the XTI First Quarter 26 Earnings Call. Joining america contiguous from XTI are Scott Pomeroy, main enforcement officer, Brooke Turk, main fiscal officer, and Jeremy Schneiderman, CEO of DroneNerds. Before we begin, delight enactment that definite statements made during today's telephone whitethorn beryllium considered forward-looking statements wrong the meaning of national securities laws. These statements are taxable to risks and uncertainties that could origin existent results to disagree materially from those described successful the forward-looking statements. A accusation regarding these risks and uncertainties tin beryllium recovered successful the company's filings with the Securities and Exchange Commission.

The forward-looking statements made contiguous talk lone arsenic of today, and the institution undertakes nary work to update these statements but arsenic required by law. In addition, during this call, we volition marque notation to definite non GAAP fiscal measures. A reconciliation of these non GAAP fiscal measures are disposable connected the Investor Relations conception of our website. Earlier today, the institution posted its net quality merchandise descent presentation, and prepared remarks to the capitalist relations conception of its website. Today's league volition beryllium conducted arsenic a unrecorded video based net call. Scott Pomeroy, Brooke Turk, and Jeremy Schneiderman volition beryllium responding to questions from The treatment contiguous volition absorption connected archetypal 4th 26 results.

I volition present crook the telephone implicit to Scott Pomeroy. Mr. Pomeroy, you whitethorn begin.

Scott Pomeroy: Great. Thank you. Thanks, everybody, for joining america present this afternoon. it is large to person you here. As the moderator conscionable pointed out, we did record earlier today, the on with the 10 q, the net release, arsenic good arsenic the script. As with past quarter, our nonsubjective with that is truly to debar having to walk clip connected this telephone speechmaking done the publication and maximizing the clip that we person to reply questions. So we anticipation that continues to beryllium an effective, mechanics and level for you. And we volition proceed to bash that. We person got bully feedback. That it is adjuvant to carve retired the clip conscionable for Q&A So we mean to bash that.

Really, since the acquisition successful November, we person continued the transformational journey, of XTI. And we are present a gross generating unmanned systems platform. We are focused connected operational execution, connected borderline betterment and currency travel discipline. The 2026 marks the archetypal 4th that we person had the afloat operating show of DroneNerds successful our results. And we person judge that we person demonstrated meaningful advancement successful reducing costs, improving operational alignment, and lowering our currency burn. That volition proceed passim the equilibrium of the year. But we are disconnected to a bully start. Based connected our existent operating plan, we proceed to expect, to execute affirmative and increasing currency travel from operations.