Xtend AI Robotics, Inc. (NYSE:XTND) rallied Monday following preliminary results showing nine-month revenue that surpassed its entire 2025 performance, alongside key strategic updates across its defense and software divisions.
The company also announced a leadership appointment and outlined plans to expand its autonomous defense systems business.
Xtend Revenue Outlook Signals Growth
Xtend expects revenue of $24.5 million to $26.5 million for the nine months ended Sept. 30, 2026. The preliminary figures surpass its total 2025 revenue.
The company estimates AI Robotics revenue of $23 million to $24 million. Meanwhile, its construction segment contributed an estimated $1.5 million to $2.5 million following the September acquisition of JFB Construction Holdings.
Additionally, Xtend reported an AI Robotics backlog of approximately $84 million as of Sept. 30. The figures remain unaudited and subject to revision. Xtend plans to release its full third-quarter results Nov. 16.
Appoints Former Navy SEAL to Lead U.S. Operations
Xtend named Matt McGraw CEO of its U.S. business. McGraw brings more than 25 years of military service, including leadership roles in Naval Special Warfare Command.
He will oversee U.S. sales, production and delivery as Xtend expands its defense operations.
The appointment follows a $40.5 million order for 6,000 STRIKER drone systems under the U.S. Drone Dominance Program.
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Company Targets Recurring Software Revenue
In a shareholder letter, CEO Aviv Shapira outlined plans to shift from custom projects toward standardized autonomous systems.
The strategy centers on Xtend’s XOS software and its STRIKER, Scorpio 500 and Scorpio 1000 platforms.
Furthermore, Xtend is restructuring operations to reduce costs and improve efficiency. The company aims to expand recurring software revenue and strengthen its path toward profitability.
Partnerships with Lockheed Martin Corporation (NYSE:LMT) Skunk Works and Quantum Systems support its efforts to integrate XOS across additional robotic platforms.
The latest developments highlight Xtend’s focus on defense contracts, production expansion and software-driven growth.
Xtend Stock Sees Heavy Trading Volume
Xtend stock attracted heightened trading activity, with session volume reaching 39.69 million shares, compared with its 100-day average of 1.17 million shares.
The sharp increase in volume, roughly 34 times its historical average, points to elevated investor interest and potential short-term volatility.
Meanwhile, Xtend’s market capitalization stood at approximately $431 million at the previous close.
XTND Price Action: Xtend AI Robotics shares were up 27.40% at $2.25 at the time of publication on Monday, according to Benzinga Pro data.
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