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NextNav (NN)
NASDAQ:NN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.28Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: 7.89%
|Next Earnings Date:May 07, 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.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.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.
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NN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $10.27 | $11.20 | +9.06% |
| Nov 13, 2024 | $13.56 | $14.15 | +4.35% |
| Aug 07, 2024 | $7.32 | $7.47 | +2.05% |
| May 08, 2024 | $8.38 | $8.07 | -3.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NextNav (NN) report earnings?
NextNav (NN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is NextNav (NN) earnings time?
NextNav (NN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NN EPS forecast?
NN EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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