2024 Q2 Form 10-Q Financial Statement

#000121390024040871 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $1.105M $1.046M $1.205M
YoY Change 38.13% 26.02% 50.06%
Cost Of Revenue $2.924M $2.761M $3.346M
YoY Change -6.94% -8.67% 13.89%
Gross Profit -$1.819M -$1.715M -$2.141M
YoY Change -22.33% -21.8% 0.28%
Gross Profit Margin -164.62% -163.96% -177.68%
Selling, General & Admin $8.108M $8.446M $11.60M
YoY Change 24.43% 39.51% 64.52%
% of Gross Profit
Research & Development $4.110M $4.670M $4.924M
YoY Change -17.7% 2.01% 13.61%
% of Gross Profit
Depreciation & Amortization $1.295M $1.319M $1.262M
YoY Change 9.93% 17.24% 24.46%
% of Gross Profit
Operating Expenses $12.22M $13.12M $17.79M
YoY Change -22.82% -11.26% 43.45%
Operating Profit -$15.33M -$16.15M -$19.93M
YoY Change 2.01% 15.77% 37.11%
Interest Expense -$2.361M -$2.208M -$2.050M
YoY Change 588.34% -570.79% -549.56%
% of Operating Profit
Other Income/Expense, Net $1.820M -$72.00K $5.645M
YoY Change 12900.0% -11.11% 274.34%
Pretax Income -$24.30M -$31.60M -$16.33M
YoY Change 55.77% 92.68% 29.93%
Income Tax $68.00K $44.00K $62.00K
% Of Pretax Income
Net Earnings -$24.39M -$31.60M -$16.40M
YoY Change 54.66% 93.87% 31.15%
Net Earnings / Revenue -2207.24% -3021.03% -1360.66%
Basic Earnings Per Share -$0.21 -$0.28
Diluted Earnings Per Share -$0.21 -$0.28 -$0.15
COMMON SHARES
Basic Shares Outstanding 120.7M shares 111.2M shares 110.1M shares
Diluted Shares Outstanding 115.2K shares 111.1K shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.33M $79.24M $85.83M
YoY Change 1.54% 69.32% 54.8%
Cash & Equivalents $62.97M $73.32M $81.88M
Short-Term Investments $23.35M $5.922M $3.954M
Other Short-Term Assets $15.59M $16.05M $3.056M
YoY Change 431.47% 341.62% -14.54%
Inventory
Prepaid Expenses
Receivables $2.248M $1.496M $2.332M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.2M $96.79M $91.22M
YoY Change 16.02% 87.49% 49.08%
LONG-TERM ASSETS
Property, Plant & Equipment $39.11M $39.33M $40.83M
YoY Change -6.18% 11.61% 112.87%
Goodwill $17.45M $17.58M $17.98M
YoY Change -1.63% -1.35% 2.77%
Intangibles $10.14M $10.36M $10.63M
YoY Change
Long-Term Investments $623.0K $665.0K
YoY Change
Other Assets $1.476M $1.572M $1.508M
YoY Change -10.65% -9.24% -16.73%
Total Long-Term Assets $68.17M $68.84M $70.94M
YoY Change -4.91% 5.28% 13.32%
TOTAL ASSETS
Total Short-Term Assets $104.2M $96.79M $91.22M
Total Long-Term Assets $68.17M $68.84M $70.94M
Total Assets $172.3M $165.6M $162.2M
YoY Change 6.73% 41.55% 31.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.145M $1.269M $391.0K
YoY Change 30.26% 93.45% -61.63%
Accrued Expenses $8.306M $10.30M $9.115M
YoY Change -4.89% 38.57% 17.26%
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 $17.57M $24.14M $9.803M
YoY Change 81.6% 196.23% 10.31%
LONG-TERM LIABILITIES
Long-Term Debt $51.40M $49.89M $48.45M
YoY Change 50.98%
Other Long-Term Liabilities $1.584M $1.596M $23.81M
YoY Change -3.83% -0.25% 115.75%
Total Long-Term Liabilities $52.98M $51.49M $72.26M
YoY Change 48.45% 3117.88% 554.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.57M $24.14M $9.803M
Total Long-Term Liabilities $52.98M $51.49M $72.26M
Total Liabilities $108.5M $108.4M $83.42M
YoY Change 63.41% 342.42% 318.71%
SHAREHOLDERS EQUITY
Retained Earnings -$816.2M -$791.8M -$760.2M
YoY Change 13.27% 12.34% 10.42%
Common Stock $879.3M $846.7M $12.00K
YoY Change 8.55% 6.95% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $693.0K $665.0K $665.0K
YoY Change 17225.0% 16525.0% 16525.0%
Treasury Stock Shares
Shareholders Equity $63.85M $55.91M $78.73M
YoY Change
Total Liabilities & Shareholders Equity $172.3M $165.6M $162.2M
YoY Change 6.73% 41.55% 31.0%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$24.39M -$31.60M -$16.40M
YoY Change 54.66% 93.87% 31.15%
Depreciation, Depletion And Amortization $1.295M $1.319M $1.262M
YoY Change 9.93% 17.24% 24.46%
Cash From Operating Activities -$12.29M -$7.000M -$10.83M
YoY Change 44.77% -5.41% -9.04%
INVESTING ACTIVITIES
Capital Expenditures $248.0K $32.00K $485.0K
YoY Change -84.89% -96.26% -69.26%
Acquisitions
YoY Change
Other Investing Activities -$19.96M -$1.918M $3.053M
YoY Change -31.26% -136.79% -206.71%
Cash From Investing Activities -$20.21M -$2.113M $2.568M
YoY Change -34.13% -152.61% -157.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.16M $516.0K -21.00K
YoY Change -53.98% -51700.0% 2000.0%
NET CHANGE
Cash From Operating Activities -12.29M -$7.000M -10.83M
Cash From Investing Activities -20.21M -$2.113M 2.568M
Cash From Financing Activities 22.16M $516.0K -21.00K
Net Change In Cash -10.35M -$8.561M -8.286M
YoY Change -215.2% 150.54% -49.32%
FREE CASH FLOW
Cash From Operating Activities -$12.29M -$7.000M -$10.83M
Capital Expenditures $248.0K $32.00K $485.0K
Free Cash Flow -$12.54M -$7.032M -$11.32M
YoY Change 23.77% -14.83% -16.09%

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CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1442000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
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IncreaseDecreaseInAccountsReceivable
-836000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-979000 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
434000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
46000 usd
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
107000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-27000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
878000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-364000 usd
CY2024Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-10000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-34000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3022000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
395000 usd
CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
253000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
88000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6985000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7427000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
856000 usd
CY2024Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
5918000 usd
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2024Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4000000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
5213000 usd
CY2024Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
163000 usd
CY2023Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
341000 usd
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NetCashProvidedByUsedInInvestingActivities
-2113000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
28000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
27000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
544000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
26000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
516000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8561000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3417000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81878000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47230000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73317000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43813000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
278000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
591000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-31600000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16300000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7400000 usd
CY2024Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
79200000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1046000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
830000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Use of Estimates</span></p> <p style="margin: 0pt; text-indent: 18pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt; text-align: justify; text-indent: 18pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain 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, 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>
CY2024Q1 nn Fair Value Option Changes In Fair Value Gain Loss On Available For Sale Debt Securities In Cash And Cash Equivalents
FairValueOptionChangesInFairValueGainLossOnAvailableForSaleDebtSecuritiesInCashAndCashEquivalents
367000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
0 usd
CY2024Q1 us-gaap Accounts Receivable Sale
AccountsReceivableSale
1500000 usd
CY2023 us-gaap Accounts Receivable Sale
AccountsReceivableSale
2300000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
287000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
297000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4244000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3866000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-31610000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16349000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111061 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111061 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106405 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106405 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
17977000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
17493000 usd
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-396000 usd
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
328000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
17581000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
17821000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2881000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3913000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
828000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
324000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
2333000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
583000 usd
CY2024Q1 nn Asset Purchase Agreement Liability Current
AssetPurchaseAgreementLiabilityCurrent
12284000 usd
CY2023Q4 nn Asset Purchase Agreement Liability Current
AssetPurchaseAgreementLiabilityCurrent
usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1835000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1772000 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
20161000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
6592000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
13967000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3605000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10362000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
13917000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3292000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10625000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
901000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1073000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
891000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
527000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3503000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6895000 usd
CY2024Q1 us-gaap Other Receivables
OtherReceivables
28000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
107000 usd
CY2024Q1 us-gaap Share Price
SharePrice
6.58
CY2023Q4 us-gaap Share Price
SharePrice
4.45
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
11.5
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
11.5
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M29D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y9M25D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.855 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.669 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0448 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0405 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.61
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.91
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7053000 usd
CY2024Q1 nn Fair Value Adjustment Of Private Placement Warrants
FairValueAdjustmentOfPrivatePlacementWarrants
13176000 usd
CY2024Q1 nn Adjustments To Additional Paid In Capital Reclassification From Warrant Liability
AdjustmentsToAdditionalPaidInCapitalReclassificationFromWarrantLiability
2468000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
17761000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
44267686 shares
CY2024Q1 nn Description Of Warrants
DescriptionOfWarrants
the right to redeem the outstanding Public Warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sales price of the Company’s common stock matched or exceeded $18.00 per share for any 20 trading days within a 30-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.
CY2024Q1 nn Capital Stock Shares Authorized
CapitalStockSharesAuthorized
600000000 shares
CY2024Q1 nn Capital Stock Par Or Stated Value Per Share
CapitalStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
112712136 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
112582924 shares
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-31600000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16400000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0008 pure

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