Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 216

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 216
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 our business, in pursuit of regulatory and technology initiatives, and as a result of operating as a public company, including compliance with the rules and regulations of the SEC, legal, audit, and additional insurance expenses, investor relations activities, and other administrative and professional services.

33    

Depreciation and Amortization

Depreciation and amortization expense results from depreciation and amortization of our property and equipment and intangible assets that is recognized over their estimated useful lives.

Interest Income (Expense)

Interest income consists of interest earned from our cash and cash equivalents balance and on marketable securities. Interest expense relates to interest and amortization of debt discounts on our senior secured notes.

Other Income (Expense)

Other income (expense) consists of miscellaneous non-operating items, such as change in fair value of warrants and Asset Purchase Agreement liability, equity method income (loss), and foreign currency gains (losses).

Results of Operations

The following table sets forth our statements of operations for the periods indicated:

Year EndedDecember 31,

2024

2023

(in thousands)

Revenue
$
5,669

$
3,862

Operating Expense:

Cost of goods sold(1)
 
10,777

12,743

Research and development(1)
 
16,242

19,503

Selling, general and administrative(1)
 
33,510

30,324

Depreciation and amortization
 
5,238

4,821

Total operating expenses
 
65,767

67,391

Operating loss
 
(60,098
)

(63,529
) 

Interest expense, net
 
(9,401
)

(3,664
) 

Other expense
 
(32,207
)

(4,321
) 

Loss before income taxes
 
(101,706
)

(71,514
) 

Provision for income taxes
 
173

221

Net loss
$
(101,879
)
 
$
(71,735
)    

(1)
Cost of goods sold, research and development, and selling, general and administrative expense for the periods do not include depreciation and amortization, which is presented separately in the Consolidated Statements of Comprehensive Loss, but include stock-based compensation as follows:    

34    

Year EndedDecember 31,

2024

2023

(in thousands)

Cost of goods sold
 
$
729

$
2,318

Research and development

4,106

6,655

Selling, general and administrative

9