XTI Aerospace, Inc. Common Stock

Good afternoon and welcome to the XTI Aerospace Full Year 2025 Earnings Call. Joining us today from XTI Aerospace are Scott Pomeroy, Chief Executive Officer, and Brooke Turk, Chief Financial Officer. Before we begin, please note that certain statements made during today's call may be considered forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information regarding these risks and uncertainties can be found in the company's filing for the Securities and Exchange Commission. The forward-looking statements made today speak only as of today, and the company undertakes no obligation to update them except as required by law. This morning, the company posted its earnings news release, slide presentation, and prepared remarks to the investor relations section of its website. Today's session will be conducted as a live video earnings call. Scott Pomeroy and Brooke Turk will be responding to questions from participants. The discussion today will focus on full year 2025 results, and the company will not be providing or discussing fourth quarter results separately. Additional information may be referenced from the materials available on the company's investor relations website. I would now like to turn the call over to Scott Pomeroy, Chief Executive Officer and Chairman of the Board. Mr. Pomeroy, you may begin.

Great. Well, thank you. And on behalf of the Board of Directors and the management team, I want to extend my thanks My appreciation for your joining the call here today with us at XDI. As the moderator noted earlier today, we filed the 10K. We issued an earnings release. We filed our script as an 8K. And we also posted the investor deck on the website. By the way, all those materials can be found on the website. That's a lot of information. And obviously, this is a different approach. For us, we intend to maximize information that's both compliant and clear for you as investors. Our objective here is not to waste your time simply reading to you something that you are perfectly capable of reading through yourself. Thus, we file the script in advance. And we really want to ensure that our time is spent talking with you, not at you. And so the objective here is to maximize the time that we have to entertain your questions, what's on your mind, and try to maximize the amount of information that we convey during the short period of time we have together. Obviously, we've been very busy, as the information would suggest, that's out there over the past five months since the closing of Your Own Nerds. We have fully integrated the company. We've established new objectives, targets, strategies to drive growth into a business that's got an eight-plus year history of growth and profitability. We exited one of our divisions, and we established a clear and bold new vision for the overall company as we seek to take full advantage of one of the most significant market opportunities in modern aerospace. We look forward to entertaining your questions and hearing what's on your mind. With that, I'll turn it back over to the moderator. We'll have a few instructions to provide, and then we'll open it up for you to extend to us your questions.

At this time, we will open the floor for questions. To ask a question, please click on the raise hand button, which can be found on the black bar at the bottom of your screen. When it is your turn, you will receive a message on your screen from the host allowing you to talk. and then you will hear your name called. Please accept, unmute your audio, and ask your question. We will wait one moment to allow the queue to form. Our first question will come from Matthew Galenko with Maxim Group. Please unmute your audio and ask your question.