XTI Aerospace Inc. reported its first-quarter 2025 results, highlighting significant financial and operational strides. The company more than doubled its Industrial IoT segment revenues year-over-year, although specific revenue figures were not disclosed. The balance sheet was notably strengthened by eliminating legacy debt and stock-based obligations, with cash and cash equivalents increasing by approximately $3.9 million to $8 million. Net working capital saw an uplift of approximately $8.9 million. Operationally, XTI Aerospace achieved key milestones, including the FAA's acceptance of the TriFan 600 Type Certification application on March 17, 2025. The company also enhanced its fuel system design, increasing wing fuel volume from approximately 300 to 400 gallons, thereby improving the aircraft's maximum range and mission length. Further, XTI expanded its corporate advisory board with leaders from aerospace, defense, and AI sectors. In a strategic move, the board authorized up to $5 million in share repurchases, addressing what management perceives as a significant undervaluation of the company's common stock. Overall, XTI Aerospace enters this period with a bolstered financial position and continued progress in developing the TriFan 600, reinforcing its leadership in the emerging powered-lift aircraft category.