Loading...
•
Dec 31, 2023
NextNav Q4 2023 Earnings Report
NextNav reported Q4 2023 results, announced transaction to acquire additional 900 MHz spectrum licenses and appointed Mariam Sorond as CEO.
Key Takeaways
NextNav reported revenue of $1.2 million for the three months ended December 31, 2023, compared to $803,000 in the prior year period. The operating loss was $19.9 million, and the net loss was $16.4 million, including a gain on the fair value of warrants of $5.7 million.
Revenue increased to $1.2 million compared to $803,000 in the prior year period.
Operating loss was $19.9 million, driven by increases in stock-based compensation expense and payroll-related expenses.
Net loss was $16.4 million, including a gain on the fair value of warrants of $5.7 million.
Company had $81.9 million in cash and cash equivalents as of December 31, 2023.
Forward Guidance
NextNav is taking a fresh look at its entire offering and considering how best to take full advantage of its valuable spectrum assets to drive growth and long-term shareholder value.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...