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Dec 31, 2022
NextNav Q4 2022 Earnings Report
NextNav reported increased revenue driven by technology and services contracts and launched E911 services on Verizon.
Key Takeaways
NextNav reported a revenue of $803 thousand for the fourth quarter of 2022, compared to $20 thousand in the prior year period. The increase was driven by increased revenue from technology and services contracts with commercial customers. The company also launched E911 services on Verizon and expanded its relationship with NASA.
Revenue increased due to technology and services contracts.
Operating loss was $14.5 million.
Net loss was $12.5 million, including a gain on the fair value of warrants.
Launched E911 services on Verizon.