Xeriant, Inc.

What they do

Xeriant is a development-stage company dedicated to discovering, developing and commercializing technologies in advanced materials and aerospace. Its advanced materials line, marketed under the DUREVER brand, includes NEXBOARD, a patent-pending composite construction panel made from plastic and fiber waste, designed to replace drywall, plywood, OSB, MDF and MgO board. The company also has an aerospace segment through its acquisition of American Aviation Technologies (AAT), focused on autonomous and semi-autonomous VTOL and UAVs, though operations are minimal.

Revenue drivers

• DUREVER / NEXBOARD — Eco-friendly composite construction panel; not yet commercially available, no revenue generated from product sales.
• Aerospace (AAT) — Legacy aircraft design subsidiary; no meaningful revenue, operations dormant.

Recent performance

For the nine months ended March 31, 2026, the company reported no revenue and continued operating losses; net income for FY2025 was -$1.6 million. Cash and equivalents were $24,560 as of March 31, 2026, with total assets of $43,765 and shareholder equity of -$2.9 million. The company received $590,000 from convertible debt issuance during the nine months ended March 31, 2026, and had not generated revenue since at least fiscal 2018.

Strategy

The company seeks to partner with and acquire strategic interests in companies that accelerate its mission to commercialize disruptive technologies. Its stated priorities include developing and commercializing the DUREVER building products line, particularly NEXBOARD, and pursuing legal action against XTI Aircraft over compensation allegedly owed under a Letter Agreement. Management's forward-looking statements acknowledge the need for substantial additional capital to fund operations and execute its business plan, including raising capital for acquisitions.

Risks

• Development-stage with no revenue — The company has no sales and operates at a loss; its ability to continue as a going concern is uncertain.
• Dependence on external capital — Substantial additional capital is required and may not be available on acceptable terms; the company relies on convertible debt, which could dilute shareholders.
• Litigation with XTI Aircraft — The company initiated legal proceedings against XTI in December 2023; outcome is uncertain and could result in no recovery.
• Balance sheet weakness — As of March 31, 2026, total liabilities ($5.8 million) far exceed total assets ($43,765), with negative shareholder equity of -$2.9 million.

Outlook

Management expects operating losses to continue into the foreseeable future and anticipates the need for additional capital raising. The company is focused on advancing the DUREVER/NEXBOARD product line and resolving the XTI legal matter, but no timeline or revenue expectations were provided.