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NextNav (NN)
NASDAQ:NN
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NextNav
(NASDAQ:NN)
54Neutral
NextNav (NN) vs. S&P 500 (SPY)
Market Cap
$1.56B
Dividend YieldN/A
Average Volume (3M)1.52M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth46.79%
EPS Growth-27.65%
CountryUS
Employees96
SectorTechnology
Sector Strength40
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.85
Shares Outstanding131,451,770
10 Day Avg. Volume1,280,536
30 Day Avg. Volume1,519,649
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)277.56
Price to Cash Flow (P/CF)-33.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
NextNav Business Overview & Revenue Model
Company DescriptionNextNav Inc. provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally. The company sells its solutions directly to customers or through partners. The company was founded in 2007 and is headquartered in McLean, Virginia.
How the Company Makes MoneyNextNav makes money by offering its advanced location services to businesses and government agencies that require precise geolocation capabilities. The company's revenue model is primarily based on subscription and licensing fees for access to its proprietary platforms, such as TerraPoiNT and Pinnacle. These platforms are leveraged by industries that need reliable indoor and 3D location data, enhancing operational efficiency and safety. Additionally, NextNav partners with technology companies and service providers to integrate its location solutions into third-party applications and networks, further expanding its market reach and revenue opportunities.
NextNav Financial Statement Overview
Summary
NextNav demonstrates revenue growth potential but faces significant profitability and liquidity challenges. High leverage and negative cash flows present risks, while operational improvements are necessary to enhance financial stability.Income Statement
NextNav's revenue growth is promising, with a significant increase from the previous year. However, the company is struggling with negative EBIT and EBITDA margins, indicating operational inefficiencies. Net profit margin remains negative, reflecting ongoing challenges in achieving profitability.52
Neutral
Balance Sheet
The balance sheet shows a high debt-to-equity ratio due to significant liabilities. While the equity ratio has improved over time, the negative equity position in previous years indicates past financial distress. The return on equity is negative, aligning with the overall loss-making position.45
Neutral
Cash Flow
Free cash flow is negative, indicating liquidity constraints. Operating cash flow is consistently negative, suggesting cash outflows exceed inflows. The operating cash flow to net income ratio is unfavorable, reflecting operational challenges in generating cash.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.67M | 3.86M | 3.93M | 763.00K | 569.00K | Gross Profit |
| 5.67M | -8.88M | -7.88M | -17.63M | -7.20M | EBIT |
| -60.10M | -63.53M | -65.54M | -42.43M | -29.47M | EBITDA |
| -54.86M | -58.71M | -61.31M | -40.71M | -127.03M | Net Income Common Stockholders |
| -101.88M | -71.73M | -40.12M | -144.67M | -137.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 80.11M | 85.83M | 55.45M | 100.08M | 8.67M | Total Assets |
| 161.74M | 162.16M | 123.79M | 136.82M | 44.90M | Total Debt |
| 16.81M | 66.11M | 7.82M | 0.00 | 58.87M | Net Debt |
| -22.52M | -15.76M | -39.41M | -100.08M | 50.20M | Total Liabilities |
| 111.62M | 82.06M | 19.92M | 36.87M | 535.28M | Stockholders Equity |
| 50.12M | 78.73M | 100.02M | 99.96M | -490.38M |
| Cash Flow | Free Cash Flow | |||
| -38.36M | -39.17M | -40.67M | -49.21M | -35.58M | Operating Cash Flow |
| -38.01M | -35.44M | -37.09M | -47.93M | -28.41M | Investing Cash Flow |
| -39.47M | 1.07M | -15.74M | -1.28M | -7.18M | Financing Cash Flow |
| 35.10M | 68.98M | 43.00K | 135.64M | 34.77M |
NextNav Technical Analysis
Negative
11.89
Price Trends
11.71
Positive
13.54
Negative
10.91
Positive
Market Momentum
0.31
Negative
53.09
Neutral
53.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NN, the sentiment is Negative. The current price of 11.89 is below the 20-day moving average (MA) of 11.91, above the 50-day MA of 11.71, and above the 200-day MA of 10.91, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 53.09 is Neutral, neither overbought nor oversold. The STOCH value of 53.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NN.
NextNav Risk Analysis
NextNav disclosed 46 risk factors in its most recent earnings report. NextNav reported the most risks in the “Tech & Innovation” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NextNav Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.67B | 26.12 | 15.40% | 2.28% | 5.05% | 632.38% | |
57 Neutral | $18.57B | 9.42 | -13.42% | 2.72% | 5.01% | -23.43% | |
54 Neutral | $1.56B | ― | -158.13% | ― | 46.79% | -27.65% | |
48 Neutral | $6.35B | ― | -103.82% | ― | ― | -85.21% | |
46 Neutral | $2.36B | ― | -17.12% | ― | 11.86% | -140.69% | |
42 Neutral | $328.05M | ― | -118.08% | ― | ― | ― | |
40 Underperform | $244.21M | ― | -787.97% | ― | 8.09% | -19.48% |
* Technology Sector Average
Performance Comparison
NN
NextNav
11.89
4.03
51.27%
GSAT
Globalstar
18.64
-1.16
-5.86%
IRDM
Iridium Communications
24.59
-0.32
-1.28%
ASTS
AST SpaceMobile
20.07
17.80
784.14%
SPIR
Spire Global
7.52
-5.07
-40.27%
SATL
Satellogic
3.38
1.87
123.84%
NextNav Earnings Call Summary
Earnings Call Date: Mar 12, 2025 | % Change Since: 15.77% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook for NextNav, with significant advancements in FCC milestones, successful technology demonstrations, and strategic financial moves enhancing liquidity and prospects. Despite these achievements, the company continues to face challenges with net losses and debt management.Highlights
Significant FCC Milestones and Support
NextNav made significant progress in advancing its petition with the FCC to unlock spectrum for a nationwide terrestrial PNT network. This includes strong support from public safety organizations and government agencies, and productive discussions with stakeholders like NTIA and the Association of American Railroads.
Successful Technology Demonstrations
NextNav successfully demonstrated its next-gen technology incorporating PRS-based positioning and timing, validating its 5G PRS-based PNT solutions. Agreements with suppliers to develop an over-the-air network were also put in place.
Strategic Capital Injection
NextNav signed a note purchase agreement for a private offering of $190 million, enhancing financial flexibility and strengthening the balance sheet.
Revenue Growth
Fourth quarter revenue increased to $1.9 million from $1.2 million in the prior year period, and full-year revenue increased to $5.7 million from $3.9 million in 2023.
Reduction in Operating Expenses
Operating expenses for the fourth quarter decreased by approximately $4.5 million compared to the same period last year.
Lowlights
Net Loss
NextNav reported a net loss of $32.3 million for the fourth quarter and $101.9 million for the full year, including significant losses associated with the change in the fair value of warrant liabilities.
Debt Position
NextNav finished the quarter with $54.6 million in debt, highlighting the ongoing financial management challenges.
Company Guidance
During the NextNav fourth quarter 2024 earnings call, significant guidance was provided regarding the company's progress and strategic direction. NextNav reported a revenue increase to $1.9 million for the fourth quarter, up from $1.2 million the previous year, with a full-year revenue rise to $5.7 million from $3.9 million in 2023. Operating expenses for the quarter decreased to $16.7 million from $21.2 million, primarily due to a reduction in equity compensation. The net loss for the quarter was $32.3 million, with a notable $14.9 million loss related to changes in warrant liabilities. The company highlighted its ongoing efforts to secure FCC approvals and expand its terrestrial 3D PNT technologies, emphasizing recent support from public safety organizations and government agencies. Additionally, NextNav announced a transformative $190 million note purchase agreement to bolster its capital structure, aimed at enhancing financial flexibility and supporting strategic initiatives. This agreement involves the issuance of 5% convertible notes and associated warrants, with a focus on leveraging 5G infrastructure for terrestrial PNT commercialization. The call underscored NextNav's commitment to advancing geolocation solutions and driving innovation in the sector.NextNav Corporate Events
Private Placements and Financing
NextNav Secures $190M in Convertible Notes Deal
Positive
Mar 28, 2025
On March 27, 2025, NextNav Inc. announced the closing of a $190 million private placement of 5% redeemable senior secured convertible notes due 2028. The net proceeds of approximately $188.6 million will be used to redeem the company’s existing 10% Senior Secured Notes due 2026, enhancing its financial position and operational flexibility.
Private Placements and FinancingBusiness Operations and Strategy
NextNav Announces $190M Note Purchase Agreement
Positive
Mar 13, 2025
On March 12, 2025, NextNav Inc. announced a Note Purchase Agreement for a private placement of $190 million in 5% senior secured convertible notes due 2028, led by M-Cor Capital and Fortress Investment Group. The proceeds will be used to redeem existing 10% Senior Secured Notes due 2026, enhancing NextNav’s financial position and supporting its growth objectives in the PNT industry. This transaction is expected to close around March 31, 2025, and includes issuing warrants to purchase shares of common stock to the lead investors, reflecting a strategic move to strengthen the company’s market positioning and stakeholder value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.