CONSOLIDATED BALANCE SHEETS December 31, 2024 (unaudited) 2023 (in thousands) Assets Current assets: Cash and cash equivalents $39,330 $81,878 Short term investments 40,785 3,954 Accounts receivable 3,301 2,332 Other current assets 2,629 3,056 Total current assets $86,045 $91,220 Property and equipment, net of accumulated depreciation of $13,716 and $9,724 at December 31, 2024 and 2023, respectively 17,974 21,561 Operating lease right-of-use assets 17,368 19,267 Goodwill 16,966 17,977 Intangible assets, net 9,589 10,625 Other assets 13,798 1,508 Total assets $161,740 $162,158 Liabilities and stockholders’ equity Current liabilities: Accounts payable $858 $391 Accrued expenses and other current liabilities 8,536 6,592 Operating lease current liabilities 2,462 2,523 Deferred revenue 288 297 Total current liabilities $12,144 $9,803 Warrants 28,707 7,053 Operating lease noncurrent liabilities 14,352 15,145 Other long-term liabilities 1,795 1,614 Long-term debt, net of debt issuance cost and discount 54,621 48,447 Total liabilities $111,619 $82,062 Stockholders’ equity: Common Stock, authorized 500,000,000 shares; 131,268,940 and 111,261,434 shares issued and 131,136,712 and 111,132,222 shares outstanding at December 31, 2024 and 2023, respectively $14 $12 Additional paid-in capital 912,241 837,416 Accumulated other comprehensive income 665 2,198 Accumulated deficit (862,106) (760,227)Common stock in treasury, at cost, 132,228 and 129,212 shares at December 31, 2024 and December 31, 2023, respectively (693) (665)Total stockholders’ equity $50,121 $78,734 Non-controlling interests — 1,362 Total liabilities and stockholders’ equity $161,740 $162,158 NEXTNAV INC.
Successfully Completed Lab and Field Demonstrations Validating Effectiveness of NextNav's 5G PRS-based PNT solution NOI Issued by FCC Chairman Carr Demonstrates Commitment to GPS Complement and Backup RESTON, Va., March 12, 2025 (GLOBE NEWSWIRE) -- NextNav Inc.(NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2024.
The decrease in both the three and twelve months ended December 31, 2024, was primarily driven by lower stock-based compensation expense, partially offset by higher payroll-related expenses and professional services.Net Loss: was $32.3 million in the three months ended December 31, 2024, including a loss on the change in fair value of warrants and liability associated with the Telesaurus asset purchase of $14.9 million, as compared to a net loss of $16.4 million in the prior year period, including a gain on the fair value of the warrants of $5.7 million.
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