Xeriant, Inc. (d.b.a. Xeriant Aerospace) is an aerospace company dedicated to the emerging aviation market called Advanced Air Mobility (AAM), the transition to eco-friendly on-demand flight, and is partnering with and acquiring strategic interests in visionary companies that accelerate this mission. Xeriant is focused on the development and deployment of next-generation electrically powered aircraft capable of vertical takeoff and landing (VTOL), breakthrough technologies and advanced materials which can be successfully integrated and commercialized, and the critical infrastructure components needed to support operations. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.
Company profile
Ticker
XERI
Exchange
Website
CEO
Brendan Patrick Gow Macpherson
Employees
Location
Fiscal year end
Industry (SIC)
Former names
Banjo & Matilda, Inc., Eastern World Solutions Inc., EASTERN WORLD SOLUTIONS, INC., Encom Group, Inc.
SEC CIK
Corporate docs
IRS number
271519178
XERI stock data
Latest filings (excl ownership)
SEC STAFF ACTION
SEC staff action: Order
8 Mar 24
10-Q
2024 Q2
Quarterly report
14 Feb 24
8-K
Other Events
12 Dec 23
10-Q
2024 Q1
Quarterly report
13 Nov 23
10-K
2023 FY
Annual report
16 Oct 23
8-K/A
Changes in Registrant's Certifying Accountant
6 Oct 23
NT 10-K
Notice of late annual filing
28 Sep 23
8-K
Changes in Registrant's Certifying Accountant
31 Aug 23
10-Q
2023 Q3
Quarterly report
22 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 24.55 k | 24.55 k | 24.55 k | 24.55 k | 24.55 k | 24.55 k |
Cash burn (monthly) | 12.36 k | 39.46 k | 106.30 k | 136.21 k | 102.71 k | 76.41 k |
Cash used (since last report) | 84.58 k | 270.05 k | 727.51 k | 932.26 k | 702.96 k | 523.00 k |
Cash remaining | -60.03 k | -245.50 k | -702.96 k | -907.71 k | -678.41 k | -498.45 k |
Runway (months of cash) | -4.9 | -6.2 | -6.6 | -6.7 | -6.6 | -6.5 |