XTI Aerospace Inc reports results for the quarter ended June 30 - Earnings Summary

• XTI Aerospace Inc XTIA.OQ reported a quarterly adjusted loss of $2.36​​ per share for the quarter ended June 30. The lone analyst forecast for the quarter was for a loss of $1.45 per share.

• Revenue was $600.00 thousand​; analysts expected $600.00 thousand.

• XTI Aerospace Inc's reported EPS for the quarter was a loss of $2.93​.

• The company reported a quarterly loss of $20.86 million.

• XTI Aerospace Inc shares had risen by 12.3% this quarter and lost 83.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for XTI Aerospace Inc is $13.50, about 86.4% above its last closing price of $1.83

This summary was machine generated from LSEG data August 14 at 09:20 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)