NextNav Inc. (NN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1775 TYSONS BLVD., 5TH FLOOR MCLEAN, VA 22102 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments, including: | 85,800 | 55,400 | 100,076 | |||
| Cash and cash equivalents | 81,878 | 47,230 | 100,076 | |||
| Short-term investments | 3,954 | 8,216 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | (32) | (46) | ||||
| Receivables | 2,332 | 2,168 | 1,740 | |||
| Other current assets | 3,056 | 3,576 | 4,516 | |||
| Other undisclosed current assets | 32 | 46 | ||||
| Total current assets: | 91,220 | 61,190 | 106,332 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 19,267 | 10,143 | ||||
| Property, plant and equipment | 10,161 | 19,180 | 2,714 | |||
| Long-term investments and receivables | 900 | |||||
| Long-term investments | 900 | |||||
| Intangible assets, net (including goodwill) | 28,602 | 27,890 | 8,190 | |||
| Goodwill | 17,977 | 17,493 | ||||
| Intangible assets, net (excluding goodwill) | 10,625 | 10,397 | 8,190 | |||
| Other noncurrent assets | 1,508 | |||||
| Other undisclosed noncurrent assets | 11,400 | 4,485 | 19,587 | |||
| Total noncurrent assets: | 70,938 | 62,598 | 30,491 | |||
| TOTAL ASSETS: | 162,158 | 123,788 | 136,823 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 6,983 | 1,019 | 471 | |||
| Accounts payable | 391 | 1,019 | 448 | |||
| Accrued liabilities | 6,592 | 23 | ||||
| Deferred revenue | 297 | 95 | 1,632 | |||
| Business combination, contingent consideration, liability | 100 | |||||
| Other liabilities | 760 | |||||
| Other undisclosed current liabilities | 2,523 | 6,913 | 4,577 | |||
| Total current liabilities: | 9,803 | 8,887 | 6,680 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 48,447 | 1,547 | ||||
| Long-term debt, excluding current maturities | 48,447 | 1,547 | ||||
| Liabilities, other than long-term debt, including: | 23,812 | 9,490 | 1,311 | |||
| Other liabilities | 1,614 | |||||
| Operating lease, liability | 15,145 | 5,290 | ||||
| Derivative instruments and hedges, liabilities | 7,053 | 4,200 | ||||
| Other undisclosed liabilities, other than long-term debt | 1,311 | |||||
| Other undisclosed noncurrent liabilities | 28,875 | |||||
| Total noncurrent liabilities: | 72,259 | 11,037 | 30,186 | |||
| Total liabilities: | 82,062 | 19,924 | 36,866 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 78,734 | 100,017 | 99,957 | |||
| Common stock | 12 | 12 | 11 | |||
| Treasury stock, value | (665) | (4) | ||||
| Additional paid in capital | 837,416 | 787,130 | 747,928 | |||
| Deferred compensation equity | (36,100) | |||||
| Accumulated other comprehensive income (loss) | 2,198 | 1,371 | (121) | |||
| Accumulated deficit | (760,227) | (688,492) | (647,861) | |||
| Other undisclosed equity, attributable to parent | 36,100 | |||||
| Equity, attributable to noncontrolling interest | 1,362 | 3,847 | ||||
| Total equity: | 80,096 | 103,864 | 99,957 | |||
| TOTAL LIABILITIES AND EQUITY: | 162,158 | 123,788 | 136,823 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 3,862 | 3,926 | 763 | ||
| Cost of revenue | (2,318) | (2,389) | (232) | ||
| Cost of goods and services sold | (2,318) | (2,389) | (232) | ||
| Other undisclosed gross profit | |||||
| Gross profit: | 1,544 | 1,537 | 531 | ||
| Operating expenses | (67,391) | (69,462) | (43,192) | ||
| Other undisclosed operating income | 2,318 | 2,389 | 232 | ||
| Operating loss: | (63,529) | (65,536) | (42,429) | ||
| Nonoperating expense (Other Nonoperating expense) | (220) | (184) | (26) | ||
| Interest and debt expense | (17,842) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (63,749) | (65,720) | (60,297) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (7,765) | 25,576 | (84,317) | ||
| Loss from continuing operations before income taxes: | (71,514) | (40,144) | (144,614) | ||
| Income tax expense (benefit) | (221) | 28 | (52) | ||
| Loss from continuing operations: | (71,735) | (40,116) | (144,666) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (144,666) | |
| Net loss attributable to parent: | (71,735) | (40,116) | (144,666) | ||
| Other undisclosed net loss available to common stockholders, basic | (13,831) | ||||
| Net loss available to common stockholders, diluted: | (71,735) | (40,116) | (158,497) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (71,735) | (40,116) | (144,666) | ||
| Comprehensive loss: | (71,735) | (40,116) | (144,666) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 827 | 1,492 | 25 | ||
| Comprehensive loss, net of tax, attributable to parent: | (70,908) | (38,624) | (144,641) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.