![]() Adjusted EBITDA is expected to be approximately $(5.5) million.įull Year 2023 Guidance: Total revenue is projected to be approximately $81.0 million, or approximately 35% year-over-year growth. Second Quarter 2023 Guidance: Total revenue is expected to be in the range of $17.5 million to $18.0 million. Near is providing guidance for its second quarter and full year 2023 as follows: Please see the discussion below under the heading “Use of Non-GAAP Financial Measures” and the reconciliation at the end of this release for additional information concerning non-GAAP financial measures. on March 23, 2023, and its common stock and warrants began trading on Nasdaq under NIR and NIRWW, respectively, on March 24, 2023.Īdjusted EBITDA is a non-GAAP financial measure. Near’s solutions serve as a measurement tool for Yahoo APAC properties, helping the customer to demonstrate increased value across its online properties.Ĭompleted its business combination (the “Business Combination”) with KludeIn I Acquisition Corp. Since 2020, its relationship with Yahoo! Australia has expanded into additional geographies that Yahoo! serves. Net Revenue Retention: Net Revenue Retention for the first quarter of 2023 was 110%.Įxpanded its multi-year relationship with Yahoo! Australia. ![]() Net loss: GAAP net loss for the first quarter of 2023 was $19.2 million.Īdjusted EBITDA: Adjusted EBITDA 1 was $(7.0) million in the first quarter of 2023. Operating Income/(Loss): GAAP operating loss for the first quarter of 2023 was $22.3 million. Operating Expenses: GAAP operating expenses for the first quarter of 2023 were $32.7 million. Gross Profit: GAAP gross profit for the first quarter of 2023 was $10.4 million, and GAAP gross margin for the first quarter of 2023 was 67%. Revenue: Total revenue for the first quarter of 2023 was $15.5 million, up 10% from total revenue of $14.1 million in the first quarter of 2022. Looking to the future, we believe our high-quality data, coupled with generative AI, will allow our customers to get the maximum value out of data without sacrificing privacy.” “I believe that Near is well-positioned to continue to deliver products that our customers rely on to provide insights that help them make better decisions. As expected, year-over-year revenue growth was 10%, slightly above the guidance range, and we believe it will accelerate throughout the year,” said Anil Mathews, CEO of Near. ![]() “In the first quarter of 2023, we executed well on our go-to-market strategy, adding new logos across the geographies we serve and expanding our offerings within many of our existing customers. (Nasdaq: NIR) (“Near,” “we,” “our,” “us” or the “Company”), a global leader in privacy-led data intelligence on people, places and products, today announced financial results for the first quarter ended March 31, 2023. ![]() ![]() Statement of Cash Flows)/Rect/Subj(Typewritten Text)/Subtype/FreeText/T(gmanahan)/Type/Annot>endobj71 0 objendobj72 0 obj/ProcSet>/Subtype/Form/Type/XObject>streamĮndstreamendobj73 0 objendobj74 0 objstreamĮndstreamendobj75 0 obj/BS 76 0 R/Contents(Statement of Cash Flows)/CreationDate(D:20130624112409-05'00')/DA(16.25 TL /Cour 12 Tf)/DS(font: Courier 12.PASADENA, Calif.-( BUSINESS WIRE)-Near Intelligence, Inc. Statement of Cash Flows)/Rect/Subj(Typewritten Text)/Subtype/FreeText/T(gmanahan)/Type/Annot>endobj66 0 objendobj67 0 obj/ProcSet>/Subtype/Form/Type/XObject>streamĮndstreamendobj68 0 objendobj69 0 objstream ![]()
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