XTI Aerospace after its CEO resignation and late 10-Q
As of the Aug 18 release, interim leaders from Drone Nerds and Mesa Air Group run XTI Aerospace, while an internal review holds up its June-quarter 10-Q. XTI Aerospace, Inc. (Nasdaq: XTIA) is a Dallas, Texas company and the parent of Drone Nerds, LLC.
On Aug 18, 2026, XTI Aerospace said in a press release that Scott Pomeroy had resigned as Chairman and Chief Executive Officer (CEO), effective immediately, and that its Form 10-Q for the quarter ended June 30, 2026 would be late.
The same release tied the delay to an internal review of the former CEO and related corporate governance matters. Neither the review's findings nor the reason for Pomeroy's departure appear in the release.
What Happened at XTI Aerospace
Scott Pomeroy resigned as Chairman and CEO, effective immediately. Jeremy Schneiderman, who has run Drone Nerds since 2014, became Interim CEO, and Jonathan Ornstein was elected Interim Chairman.
XTI Aerospace also filed a Form 12b-25, the Notification of Late Filing, for its 10-Q covering the quarter ended June 30, 2026. The stated cause is an internal review of the former CEO and related corporate governance matters. XTI Aerospace says it intends to file the 10-Q as soon as practicable.
The release gives no scope for the review and no findings. It also gives no reason for Pomeroy's resignation, so any explanation of his exit goes beyond what XTI Aerospace published that day.
XTI Aerospace's New Interim Leadership
Both new leaders at XTI Aerospace hold interim titles, and the release does not say how long either role will last.
Jeremy Schneiderman comes from Drone Nerds. He has been CEO of Drone Nerds, the subsidiary that runs the commercial drone business, since 2014. His wider record is in the Jeremy Schneiderman profile.
Jonathan Ornstein is a former Mesa Air Group CEO. He was CEO of Mesa Air Group from 1998 to November 2025 and its chairman from 1999 to November 2025, and he co-founded Virgin Express.
| Role | Person | Background per the Aug 18 release |
|---|---|---|
| Interim CEO | Jeremy Schneiderman | CEO of Drone Nerds since 2014 |
| Interim Chairman | Jonathan Ornstein | Mesa Air Group CEO 1998 to November 2025; chairman 1999 to November 2025; co-founder of Virgin Express |
| Former Chairman and CEO | Scott Pomeroy | Resigned effective immediately; reasons not disclosed |
The Late 10-Q and the Missed Conference
XTI Aerospace filed a Form 12b-25 because its 10-Q for the quarter ended June 30, 2026 would not be ready on time. As of the sources used here, XTI Aerospace has published no results for the June quarter. Revenue and earnings for the period are unavailable.
The late filing also kept management away from a conference. XTI Aerospace management did not attend Needham's Annual Virtual Industrial Tech, Robotics and Power Conference, held Aug 17 to 18, and the release names the late filing as the reason.
What XTI Aerospace Sells
XTI Aerospace describes one commercial division and two development-stage divisions. The commercial drone solutions division operates through Drone Nerds. Drone Nerds handles drone hardware distribution, training, service, repair and lifecycle support.
The two development-stage divisions are autonomous defense systems and domestic manufacturing of unmanned systems components. The release gives no revenue figure for any of the three divisions. It cites the April 15, 2026 annual report for fiscal 2025.
Other listed names in the sector are grouped on the publicly traded drone companies page.
What the SEC Filings Need to Confirm
Three later headlines listed on StockTitan describe events after Aug 18, 2026. Only the headlines are on record here, so each one stays unverified until it appears in a Securities and Exchange Commission (SEC) filing.
The Oct 14 headline links XTI Aerospace to Unusual Machines, whose CEO is Dr. Allan Evans. His background is in the Allan Evans profile.
Several figures an investor would want are unpublished in the sources used here: revenue, earnings, the 10-Q results and the terms of any severance. StockTitan's own market-cap and share-price figures conflicted with each other, so no price or valuation is quoted.
| Date | Headline as listed on StockTitan | What remains unpublished |
|---|---|---|
| Aug 31, 2026 | Nasdaq deficiency notice | The nature of the deficiency |
| Oct 13, 2026 | Internal review completed; on track to file the 10-Q by Oct 26, 2026 | The review's scope and findings |
| Oct 14, 2026 | Unusual Machines CEO Dr. Allan Evans to serve as Chairman of XTI's board | Terms and timing of the appointment |
What Would Change This Read
Four disclosures from XTI Aerospace would replace the open questions with facts on the record.
| Disclosure | What it would answer | Status in the record |
|---|---|---|
| The filed 10-Q for the quarter ended June 30, 2026 | June-quarter revenue and earnings | Oct 13 headline says on track by Oct 26, 2026; unverified |
| The internal review's findings | The review's scope and findings | Oct 13 headline says completed; findings unpublished |
| A permanent CEO appointment | Who leads XTI Aerospace once the interim period ends | No permanent appointment in the record |
| Resolution of the Nasdaq notice | Whether the Aug 31 deficiency is cured | Nature of the deficiency unpublished |
The Next Document to Read
The XTI Aerospace 10-Q for the quarter ended June 30, 2026 is the next primary document. Once it is filed, read what it says about the internal review next to the Aug 18 press release.
Drones and UAS FAQs
What does XTI Aerospace do?
XTI Aerospace is the Dallas, Texas parent of Drone Nerds, which runs its commercial drone division: hardware distribution, training, service, repair and lifecycle support. XTI Aerospace also has two development-stage divisions, autonomous defense systems and domestic manufacturing of unmanned systems components.
Why did the XTI Aerospace CEO resign?
XTI Aerospace has not disclosed why Scott Pomeroy resigned. Its Aug 18, 2026 press release states only that he resigned as Chairman and CEO effective immediately. The same release links the late 10-Q to an internal review of the former CEO, without giving the review's scope or findings.
Why was the XTI Aerospace 10-Q late?
The 10-Q for the quarter ended June 30, 2026 was delayed by an internal review of the former CEO and related corporate governance matters, per the Aug 18, 2026 release. XTI Aerospace filed a Form 12b-25 and said it would file as soon as practicable. An Oct 13, 2026 StockTitan headline says the review was completed and the 10-Q was on track for Oct 26, 2026. That headline is unverified.
Who runs XTI Aerospace now?
As of the Aug 18, 2026 release, Jeremy Schneiderman, CEO of Drone Nerds since 2014, is Interim CEO, and Jonathan Ornstein, former CEO and chairman of Mesa Air Group, is Interim Chairman. An Oct 14, 2026 StockTitan headline says Unusual Machines CEO Dr. Allan Evans will serve as Chairman of the board. That headline is unverified.
Is XTIA a drone stock to buy?
June-quarter results, the internal review's findings and the nature of the Nasdaq deficiency are not yet published in the sources used here. The general mechanics of buying a listed drone stock are in how to buy drone stocks, and low-priced listings are grouped under drone penny stocks.