NextNav Q4 2023 Earnings Report
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.
NextNav
NextNav
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.