NextNav Earnings Reports

NextNav Inc. saw revenue growth in Q4 2024, reaching $1.9 million compared to $1.2 million in the prior year period. However, the company reported a net loss of $32.3 million, impacted by changes in the fair value of warrants and liabilities. The operating loss improved to $14.8 million from $19.9 million in the prior year period.

NextNav reported a revenue increase to $1.6 million, compared to $1.0 million in the prior year period. The company's operating loss was $13.9 million and net loss was $13.6 million for the quarter. The Brattle Group's analysis estimated the total quantified value of having a terrestrial backup to GPS at $14.6 billion.

NextNav reported revenue of $1.1 million, an operating loss of $15.3 million, and a net loss of $24.4 million, which included losses from the fair value of warrants. The company highlighted progress with the FCC and a $1.9 million award from the DOT to test PNT services.

NextNav reported a revenue increase to $1.0 million compared to $830,000 in the prior year period. The net loss was $31.6 million, including a $13.2 million loss on the fair value of warrants. The company filed a rulemaking petition with the FCC to enable the use of the Lower 900 MHz band for terrestrial 3D positioning, navigation, and timing services, along with 5G broadband.

NextNav reported revenue of $1.2 million for the three months ended December 31, 2023, compared to $803,000 in the prior year period. The operating loss was $19.9 million, and the net loss was $16.4 million, including a gain on the fair value of warrants of $5.7 million.

NextNav reported Q3 2023 revenue of $1.0 million, up from $503,000 in the prior year period, driven by increased recurring service revenue. The company's operating loss was $14.6 million, and net loss was $23.2 million. Key activities included deploying a 5G test network in the Bay Area and signing a contract to support government GPS/PNT efforts.

NextNav reported a decrease in revenue for Q2 2023, with $0.8 million compared to $1.4 million in the prior year period. The company closed a $50 million debt financing deal and subsequently an additional $20 million investment. They also signed a licensing agreement with a top-tier global chip manufacturer and expanded their E911 partner network.

NextNav reported a decrease in revenue for Q1 2023, driven by lower one-time integration revenue, though recurring service revenue increased. The company closed a $50 million debt financing to enhance its asset platform and the FCC approved final license milestones.

NextNav reported a revenue of $803 thousand for the fourth quarter of 2022, compared to $20 thousand in the prior year period. The increase was driven by increased revenue from technology and services contracts with commercial customers. The company also launched E911 services on Verizon and expanded its relationship with NASA.

NextNav reported a revenue of $503 thousand for Q3 2022, compared to $276 thousand in the prior year period. The company's operating loss was $17.9 million, and net loss was $18.7 million. The acquisition of Nestwave SAS, is expected to reduce TerraPoiNT deployment costs by approximately 75%.

NextNav reported a revenue of $1.4 million, driven by the adoption of its technology and services. The company signed strategic partnerships in public safety and a commercial agreement with MetCom in Japan. There is also increasing activity from the U.S. government to advance initiatives towards PNT resilience.

NextNav reported a solid start to the year, driven by the adoption of vertical location capabilities with its Pinnacle service across markets, including public safety, gaming, and IoT. The company generated $1.2 million in revenue in the first quarter and made strong progress in building towards the launch of its TerraPoiNT network.