$NN
NEXTNAV INC.

2023 Q1 Form 10-K Financial Statement

#000121390023024631 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $830.0K $803.0K $3.926M
YoY Change -30.78% 3915.0% 414.55%
Cost Of Revenue $3.023M $2.938M $2.389M
YoY Change -0.46% -56.29% -87.01%
Gross Profit -$2.193M -$2.135M $1.537M
YoY Change 19.31% -68.14% -108.72%
Gross Profit Margin -264.22% -265.88% 39.15%
Selling, General & Admin $6.054M $7.052M $36.93M
YoY Change -35.18% 69.11% 172.42%
% of Gross Profit 2402.47%
Research & Development $4.578M $4.334M $17.06M
YoY Change 14.79% 68.57% 80.23%
% of Gross Profit 1109.89%
Depreciation & Amortization $1.125M $1.014M $3.671M
YoY Change 27.55% 42.22% 106.0%
% of Gross Profit 238.84%
Operating Expenses $14.78M $12.40M $69.46M
YoY Change 4.01% 66.35% 180.07%
Operating Profit -$13.95M -$14.53M -$65.54M
YoY Change -13.07% 2.68% 54.46%
Interest Expense $469.0K $456.0K $901.0K
YoY Change -105.1% -105.05%
% of Operating Profit
Other Income/Expense, Net -$81.00K $1.508M -$184.0K
YoY Change -101.27% -106.53% -99.78%
Pretax Income -$16.40M -$12.57M -$40.14M
YoY Change 69.47% -72.78% -72.24%
Income Tax -$13.00K -$69.00K -$28.00K
% Of Pretax Income
Net Earnings -$16.30M -$12.50M -$40.10M
YoY Change 67.85% -72.94% -72.28%
Net Earnings / Revenue -1963.86% -1556.91% -1021.4%
Basic Earnings Per Share -$0.15 -$0.40
Diluted Earnings Per Share -$0.15 -$0.12 -$0.40
COMMON SHARES
Basic Shares Outstanding 107.1M shares 106.4M shares 101.0K shares
Diluted Shares Outstanding 106.4K shares 101.0K shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.80M $55.45M $55.45M
YoY Change -50.1% -44.6% -44.6%
Cash & Equivalents $43.81M $47.23M $47.23M
Short-Term Investments $2.986M $8.216M $8.216M
Other Short-Term Assets $3.635M $3.576M $3.576M
YoY Change 25.04% -20.81% -20.81%
Inventory
Prepaid Expenses
Receivables $1.189M $2.168M $2.168M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $51.62M $61.19M $61.19M
YoY Change -46.63% -42.45% -42.45%
LONG-TERM ASSETS
Property, Plant & Equipment $35.24M $19.18M $32.90M
YoY Change 2.68% -13.8% 47.85%
Goodwill $17.82M $17.49M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.732M $1.811M $1.811M
YoY Change 66.54% -56.31% -56.31%
Total Long-Term Assets $65.39M $62.60M $62.60M
YoY Change 65.91% 105.3% 105.3%
TOTAL ASSETS
Total Short-Term Assets $51.62M $61.19M $61.19M
Total Long-Term Assets $65.39M $62.60M $62.60M
Total Assets $117.0M $123.8M $123.8M
YoY Change -14.05% -9.53% -9.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $656.0K $1.019M $1.019M
YoY Change -42.36% 127.46% 127.46%
Accrued Expenses $7.433M $7.773M $7.773M
YoY Change -0.93% 68.98% 68.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.149M $8.887M $8.887M
YoY Change -10.55% 33.04% 33.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.600M $11.04M $11.04M
YoY Change -94.68% 741.88% -63.44%
Total Long-Term Liabilities $1.600M $11.04M $11.04M
YoY Change -94.68% 741.88% -63.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.149M $8.887M $8.887M
Total Long-Term Liabilities $1.600M $11.04M $11.04M
Total Liabilities $24.49M $19.92M $23.77M
YoY Change -37.52% -45.96% -35.52%
SHAREHOLDERS EQUITY
Retained Earnings -$704.8M -$688.5M
YoY Change 6.27%
Common Stock $791.7M $12.00K
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.000K $4.000K
YoY Change
Treasury Stock Shares 1.177K shares 1.177K shares
Shareholders Equity $88.67M $100.0M $100.0M
YoY Change
Total Liabilities & Shareholders Equity $117.0M $123.8M $123.8M
YoY Change -14.05% -9.53% -9.53%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$16.30M -$12.50M -$40.10M
YoY Change 67.85% -72.94% -72.28%
Depreciation, Depletion And Amortization $1.125M $1.014M $3.671M
YoY Change 27.55% 42.22% 106.0%
Cash From Operating Activities -$7.400M -$11.91M -$37.10M
YoY Change 21.37% -35.63% -22.6%
INVESTING ACTIVITIES
Capital Expenditures $856.0K $1.578M $2.964M
YoY Change -511.54% -792.11% -331.2%
Acquisitions $2.890M
YoY Change
Other Investing Activities $5.213M -$2.861M -$12.16M
YoY Change
Cash From Investing Activities $4.016M -$4.439M -$15.74M
YoY Change -2030.77% 1846.93% 1127.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.000K -1.000K $43.00K
YoY Change -104.0% -100.0% -99.97%
NET CHANGE
Cash From Operating Activities -$7.400M -11.91M -$37.10M
Cash From Investing Activities $4.016M -4.439M -$15.74M
Cash From Financing Activities -$1.000K -1.000K $43.00K
Net Change In Cash -$3.417M -16.35M -$52.85M
YoY Change -45.59% -116.61% -161.15%
FREE CASH FLOW
Cash From Operating Activities -$7.400M -$11.91M -$37.10M
Capital Expenditures $856.0K $1.578M $2.964M
Free Cash Flow -$8.256M -$13.49M -$40.06M
YoY Change 40.19% -26.19% -14.12%

Facts In Submission

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CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
24675000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-84317000 usd
CY2022 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
72000 usd
CY2021 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
usd
CY2022 nn Fixed Asset Writeoff
FixedAssetWriteoff
usd
CY2021 nn Fixed Asset Writeoff
FixedAssetWriteoff
96000 usd
CY2022 nn Issuance Of Warrants For Rent Expense
IssuanceOfWarrantsForRentExpense
usd
CY2021 nn Issuance Of Warrants For Rent Expense
IssuanceOfWarrantsForRentExpense
9033000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-230000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
56000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
236000 usd
CY2022 nn Amortization Of Debt Issuance Costs And Discount
AmortizationOfDebtIssuanceCostsAndDiscount
usd
CY2021 nn Amortization Of Debt Issuance Costs And Discount
AmortizationOfDebtIssuanceCostsAndDiscount
9257000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
4714000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
428000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1663000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-593000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3634000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-161000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
879000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
486000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7020000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1537000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1632000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2501000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2812000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
536000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37095000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-47932000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2964000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1022000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1125000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13644000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
5500000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2890000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
CY2022 nn Purchase Of Internal Use Software
PurchaseOfInternalUseSoftware
613000 usd
CY2021 nn Purchase Of Internal Use Software
PurchaseOfInternalUseSoftware
260000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15736000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1282000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
24638000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
17000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
96871000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000 usd
CY2022 nn Proceeds From Business Combination And Private Investment In Public Equity Financing Net Of Transaction And Issuance Costs
ProceedsFromBusinessCombinationAndPrivateInvestmentInPublicEquityFinancingNetOfTransactionAndIssuanceCosts
usd
CY2021 nn Proceeds From Business Combination And Private Investment In Public Equity Financing Net Of Transaction And Issuance Costs
ProceedsFromBusinessCombinationAndPrivateInvestmentInPublicEquityFinancingNetOfTransactionAndIssuanceCosts
207872000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
135641000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-58000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-20000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-52846000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
86407000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100076000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13669000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47230000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100076000 usd
CY2022 nn Common Stock Issuedin Acquisitionof Business
CommonStockIssuedinAcquisitionofBusiness
13888000 usd
CY2021 nn Common Stock Issuedin Acquisitionof Business
CommonStockIssuedinAcquisitionofBusiness
usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
605000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
usd
CY2022 nn Settlement Of Notes Payable For Class D Preferred Shares
SettlementOfNotesPayableForClassDPreferredShares
usd
CY2021 nn Settlement Of Notes Payable For Class D Preferred Shares
SettlementOfNotesPayableForClassDPreferredShares
383430000 usd
CY2022 nn Exercise Of Warrants
ExerciseOfWarrants
usd
CY2021 nn Exercise Of Warrants
ExerciseOfWarrants
174327000 usd
CY2022 nn Change In Value Of Class A Common Stock Subject To Possible Redemption
ChangeInValueOfClassACommonStockSubjectToPossibleRedemption
usd
CY2021 nn Change In Value Of Class A Common Stock Subject To Possible Redemption
ChangeInValueOfClassACommonStockSubjectToPossibleRedemption
-22194000 usd
CY2022 nn Issuance Of Warrants
IssuanceOfWarrants
usd
CY2021 nn Issuance Of Warrants
IssuanceOfWarrants
9033000 usd
CY2022 nn Financing Costs Accrued But Not Paid
FinancingCostsAccruedButNotPaid
usd
CY2021 nn Financing Costs Accrued But Not Paid
FinancingCostsAccruedButNotPaid
4939000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-40100000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-144700000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37100000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-47900000 usd
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
55400000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="border-left: none; border-right: none;"><p class="highlightCont" style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><span class="highlightCont" style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i class="highlightCont">Use of Estimates</i></span></p><p class="highlightCont" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24pt;"><span class="highlightCont" style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"> </span></p></div><p class="highlightCont" style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0px; text-indent: 24pt;"><span class="highlightCont" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">In preparing the consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period and accompanying notes. These estimates include those related to the useful lives and recoverability of long-lived and intangible assets (including goodwill), valuation of common stock warrants, income taxes and equity-based compensation, among others. NextNav bases estimates on historical experience, anticipated results and various other assumptions, including assumptions of future events, it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets, liabilities, equity, revenue and expenses, that are not readily apparent from other sources. Actual results and outcomes could differ materially from these estimates and assumptions.</span></p>
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
975000 usd
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
590000 usd
CY2022 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
6000 usd
CY2021 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
185000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
18000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
36000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
128000 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
56000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
236000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1147000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
975000 usd
CY2022 us-gaap Development Costs
DevelopmentCosts
600000 usd
CY2021 us-gaap Development Costs
DevelopmentCosts
200000 usd
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 pure
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16317000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1176000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
17493000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3926000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
763000 usd
CY2022 us-gaap Accounts Receivable Sale
AccountsReceivableSale
2200000 usd
CY2021 us-gaap Accounts Receivable Sale
AccountsReceivableSale
1700000 usd
CY2022 nn Contract Liabilities
ContractLiabilities
100000 usd
CY2021 nn Contract Liabilities
ContractLiabilities
1600000 usd
CY2021 nn Antidilutive Securities Warrants
AntidilutiveSecuritiesWarrants
18750000 shares
CY2022 nn Antidilutive Securities Stock Options
AntidilutiveSecuritiesStockOptions
2293000 shares
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2389000 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
232000 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
6743000 usd
CY2021 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
621000 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
17369000 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
822000 usd
CY2022 nn Total Stock Based Compensations Expense
TotalStockBasedCompensationsExpense
26501000 usd
CY2021 nn Total Stock Based Compensations Expense
TotalStockBasedCompensationsExpense
1675000 usd
CY2022 nn Antidilutive Securities Warrants
AntidilutiveSecuritiesWarrants
18750000 shares
CY2021 nn Antidilutive Securities Stock Options
AntidilutiveSecuritiesStockOptions
1950000 shares
CY2022Q4 nn Unvested Restricted Stock Units
UnvestedRestrictedStockUnits
2380000 shares
CY2021Q4 nn Unvested Restricted Stock Units
UnvestedRestrictedStockUnits
2896000 shares
CY2022Q4 nn Unvested Restricted Stock Awards
UnvestedRestrictedStockAwards
208000 shares
CY2021Q4 nn Unvested Restricted Stock Awards
UnvestedRestrictedStockAwards
1070000 shares
CY2022 nn Number Of Segment
NumberOfSegment
1 pure
CY2022 nn Number Of Customers
NumberOfCustomers
2 pure
CY2021 nn Number Of Customers
NumberOfCustomers
3 pure
CY2022 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
21600000 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
400000 usd
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5170495 shares
CY2022Q4 us-gaap Common Stock Other Value Outstanding
CommonStockOtherValueOutstanding
17700000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
300000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
100000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
900000 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
433000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
436000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
69000 usd
CY2022Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
50000 usd
CY2022 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
541000 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
5128000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16317000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
22974000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
760000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
501000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
21713000 usd
CY2022Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1100000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
3900000 usd
CY2022Q4 nn Warrants Exercised
WarrantsExercised
6000 shares
CY2022Q4 nn Common Stock Issued
CommonStockIssued
5961 shares
CY2022Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
5971000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
2714000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
22754000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
22251000 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
3300000 usd
CY2021Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
1500000 usd
CY2022Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
3600000 usd
CY2021Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
500000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
107000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12606000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2209000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10397000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5899000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1804000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4095000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
887000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
887000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
681000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
506000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3969000 usd
CY2022Q4 nn Finite Lived Intangible Asset Expected Amortization
FiniteLivedIntangibleAssetExpectedAmortization
6930000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4126000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
232000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3899000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9598000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2830000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1927000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1473000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1237000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
472000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
719000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8658000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
836000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7822000 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2300000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3335000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2400000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1548000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1109000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1581000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
13600000 usd
CY2019Q4 nn Equipment Term
EquipmentTerm
P7Y
CY2019Q4 nn Termination Term
TerminationTerm
P3Y
CY2022 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
702334 shares
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
200000 usd
CY2022Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
900000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
300000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.62 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.529 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0413 pure
CY2022Q4 us-gaap Share Price
SharePrice
2.93
CY2022Q4 nn Accrued Salary And Other Employee Liabilities
AccruedSalaryAndOtherEmployeeLiabilities
2420000 usd
CY2021Q4 nn Accrued Salary And Other Employee Liabilities
AccruedSalaryAndOtherEmployeeLiabilities
2423000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
387000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1540000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2434000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
637000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
5241000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
4600000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022 nn Description Of Warrants
DescriptionOfWarrants
the right to redeem the outstanding Public Warrants in whole and not in part at a price of $<span style="border-left: none; border-right: none;">0.01</span> per warrant upon a minimum of <span style="border-left: none; border-right: none;">30</span> days’ prior written notice of redemption, if and only if the last sales price of the Company’s common stock matched or exceeded $<span style="border-left: none; border-right: none;">18.00</span> per share for any <span style="border-left: none; border-right: none;">20</span> trading days within a <span style="border-left: none; border-right: none;">30</span>-trading day period ending on the third trading day prior to the date on which NextNav sends the notice of redemption to the warrant holders.
CY2022Q4 nn Warrants To Purchase
WarrantsToPurchase
4320133 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2022Q4 nn Fair Value Warrants
FairValueWarrants
4200000 usd
CY2021Q4 nn Fair Value Warrants
FairValueWarrants
28875000 usd
CY2021Q4 us-gaap Share Price
SharePrice
8.76
CY2022Q4 us-gaap Derivative Price Risk Option Strike Price
DerivativePriceRiskOptionStrikePrice
11.5
CY2021Q4 us-gaap Derivative Price Risk Option Strike Price
DerivativePriceRiskOptionStrikePrice
11.5
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M25D
CY2022 nn Aggregate Intrinsic Value Granted
AggregateIntrinsicValueGranted
usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
94000 shares
CY2022 nn Share Based Compensation Arrangements By Share Based Payment Award Option Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionCancelledInPeriodWeightedAverageExercisePrice
1
CY2022 nn Aggregate Intrinsic Value Cancelled
AggregateIntrinsicValueCancelled
usd
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriod
7000 shares
CY2022 nn Share Based Compensation Arrangements By Share Based Payment Award Option Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionExpiredInPeriodWeightedAverageExercisePrice
6.97
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0123 pure
CY2022 nn Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
0.48
CY2021 nn Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
3.3
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28875000 usd
CY2022 nn Fair Value Adjustment Of Private Placement Warrants
FairValueAdjustmentOfPrivatePlacementWarrants
-24675000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4200000 usd
CY2022Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
600000000 shares
CY2021Q4 us-gaap Common Unit Authorized
CommonUnitAuthorized
0.0001 shares
CY2022 nn Common Stock Description
CommonStockDescription
(a) 500,000,000 shares of common stock and (b) 100,000,000 shares of undesignated preferred stock.
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
106418442 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106417265 shares
CY2022 us-gaap Preferred Units Description
PreferredUnitsDescription
The conversion ratio was subject to certain adjustments as defined in Holdings’ operating agreement. Preferred Units would automatically convert into Class A Common Units upon (i) in the case of the Class D Redeemable Preferred Units, the affirmative election of the holders of 66 2/3% of the outstanding Class D Redeemable Preferred Units or (ii) in the case of the Class C Redeemable Preferred Units, the affirmative election of the holders of 66 2/3% of the outstanding Class C Redeemable Preferred Units or (iii) a Public Offering (as defined in Holdings’ operating agreement) where gross proceeds were at least $75 million.
CY2022 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
In addition, certain actions required the affirmative approval of 66 2/3% of Class C Redeemable Preferred Units and Class D Redeemable Preferred Units (each voting as a separate class), including liquidation or dissolution of Holdings, creation of a senior class of units, payment of preferred return, increasing the authorized number of Common or Preferred Units, or amendment of Holdings’ operating agreement.
CY2022 us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
The Class D Redeemable Preferred Units were redeemable by Holdings, at the request of the holders of 66 2/3% of the then-outstanding Class D Redeemable Preferred Unit holders, over a three-year period commencing on or after the later of September 1, 2021 and the date that was 91 days after the earlier of December 27, 2026 and the date upon which Holdings’ obligations under the Financing Agreement were satisfied in full, provided that in either case neither a qualified offering or a capital transaction had occurred prior to such request, at a per unit price of $2.13 for units issued in 2012, $2.56 for units issued in 2014, $2.89 for units issued in September 2016, and $5.78 and $11.56 for units issued in December 2019, plus any accrued and unpaid preferred return, whether or not declared.
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.529 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.5121 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M
CY2022 nn Expected Dividend
ExpectedDividend
None
CY2021 nn Expected Dividend
ExpectedDividend
None
CY2022 nn Riskfree Rate
RiskfreeRate
0.0183 pure
CY2021 nn Riskfree Rate
RiskfreeRate
0.0134 pure
CY2021Q4 nn Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1950000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.54
CY2021 nn Weighted Average Remaining Contractual Termin Years Outstanding
WeightedAverageRemainingContractualTerminYearsOutstanding
P8Y1M24D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16519000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
561000 shares
CY2022Q4 nn Share Based Compensation Arrangements By Share Based Payment Award Option Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageExercisePrice
7.52
CY2022 nn Aggregate Intrinsic Value Expired
AggregateIntrinsicValueExpired
usd
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Gros
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodGros
117000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.48
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2293000 shares
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1
2.22
CY2022 nn Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P8Y14D
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue1
4464000 usd
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber1
1296000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.44
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y7M20D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3357000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1146000 shares
CY2021 nn Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice1
0.45
CY2021 nn Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm2
P8Y4M9D
CY2021 nn Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue2
9526000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
997000 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.52
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y6M21D
CY2022 nn Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value Aggregate Intrinsic Value Unvested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValueAggregateIntrinsicValueUnvested
1107000 usd
CY2021 nn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1
804000 shares
CY2021 nn Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue1
0.67
CY2021 nn Weighted Average Remaining Contractual Termin Years1
WeightedAverageRemainingContractualTerminYears1
P8Y8M23D
CY2021 nn Aggregate Intrinsic Value Unvested1
AggregateIntrinsicValueUnvested1
6503000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2970000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M4D
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
40012000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
144811000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-132000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
197000 usd
CY2022 nn Total Income Taxes
TotalIncomeTaxes
-40144000 usd
CY2021 nn Total Income Taxes
TotalIncomeTaxes
-144614000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
90000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
91000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
52000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-119000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-119000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.1261 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.0187 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.0438 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.0185 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0363 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3493 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1739 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0477 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0178 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0007 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0004 pure
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19316000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8656000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
765000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
384000 usd
CY2022Q4 nn Basis In Underlying Investment
BasisInUnderlyingInvestment
70148000 usd
CY2021Q4 nn Basis In Underlying Investment
BasisInUnderlyingInvestment
65810000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
116000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
90345000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
74850000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
88874000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
74850000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1471000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1497000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1497000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
26000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
88900000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
76000000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
36400000 usd
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
$5.0 million of the NOL’s are expected to expire beginning in 2027 while the remaining $71.0 million can be carried forward indefinitely.
CY2022 nn Deferred Tax Assets Other Tax Carryforward
DeferredTaxAssetsOtherTaxCarryforward
5800000 usd
CY2022 us-gaap Description Of Other Regulatory Limitations
DescriptionOfOtherRegulatoryLimitations
India has a 4-year statute of limitations, so years prior to 2017 are closed.
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 usd

Files In Submission

Name View Source Status
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