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NextNav (NN)
NASDAQ:NN
Holding NN?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.15Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 23, 2022
|% Change Since: -4.20%
|Next Earnings Date:Nov 15, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in revenue growth and support for NextNav's terrestrial PNT proposal, with notable endorsements and a positive economic impact analysis. However, the company continues to face challenges with stakeholder engagement and rising operating expenses.Company Guidance
During the NextNav Q3 2024 earnings call, the executives provided detailed guidance on the company's strategic initiatives and financial performance. The company reported a revenue increase to $1.6 million for the quarter, up from $1.0 million in the previous year, driven by service revenue from technology and services contracts. Operating expenses were $15.5 million, slightly down from the prior year, while the net loss for the quarter was $13.6 million, compared to $23.2 million in Q3 2023. NextNav is actively engaged with stakeholders, including the FCC, to address the critical need for a terrestrial complement and backup to GPS, emphasizing the public benefit of their proposal, which could prevent significant economic losses in the event of a global GPS outage. The company finished the quarter with $86.8 million in cash, cash equivalents, and short-term investments, maintaining a disciplined approach to capital management.Revenue Growth
NextNav's revenue in the third quarter was $1.6 million, a $0.6 million increase from $1.0 million in the prior year period. For the 9-month period, revenue was $3.8 million, a $1.1 million increase from $2.7 million in 2023.
Support for Terrestrial PNT
The FCC and other stakeholders have shown support for NextNav's proposal, including endorsements from the California and Massachusetts Fire Chiefs Association and Fairfax County, Virginia.
Reduction in Net Loss
Net loss for the third quarter was $13.6 million, compared to a net loss of $23.2 million in the third quarter of 2023.
Positive Economic Impact Analysis
The Brattle Group's analysis shows that NextNav's proposal could prevent nearly $31.9 billion of net loss in the event of a GPS outage, equating to a $14.6 billion total quantified value of a GPS backup.
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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 |
|---|---|---|---|
| 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% |
| Mar 13, 2024 | $5.60 | $4.24 | -24.29% |
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 Mar 19, 2025, TBA Not Confirmed.
What is NextNav (NN) earnings time?
NextNav (NN) earnings time is at Mar 19, 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 2024 (Q4) is -0.15.
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