NextNav Q4 revenue surges to $803K; FY net loss narrows to $40.1M on warrant gains

NEXTNAV INC.

Revenue $803K in Q4 (vs $20K prior); full-year revenue $3.9M (vs $763K).
Operating loss $14.5M in Q4; full-year operating loss $65.5M (vs $42.4M) due to higher stock-based compensation.
Net loss $12.5M in Q4 (includes $1.5M warrant gain); full-year net loss $40.1M (includes $24.7M warrant gain).
Cash and short-term investments $55.4M at Dec 31, 2022.
Operational highlights: E911 service launched on Verizon; Nestwave acquisition integrated; NASA drone PNT services expanded.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEXTNAV INC. reported three and twelve months ended December 31, 2022 results: revenue $803 thousand, net income $12.5 million.

Period: three and twelve months ended December 31, 2022
Revenue: $803 thousand
Net income: $12.5 million
Result: reported results

Exact text from the filing

location data to validate drone flight safety at its Mountain View, California, facility. 1 Three and Twelve Months Ended December 3 1 , 2022 Financial Highlights Revenue: was $ 803 thousand in the three months ended December 3 1 , 2022, as compared to $ 20 thousand in the prior year period. For the twelve months ended December 31, 2022 , revenue was $3. 9 million,

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NEXTNAV INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-022082

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