NextNav Q2 2022 Earnings Report
Key Takeaways
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.
Revenue was $1.4 million, an increase compared to the prior year period.
Signed commercial agreement with MetCom for nationwide expansion of Pinnacle service in Japan.
Signed several new partnerships in the public safety arena.
Net Income was $0.8 million, including a gain of $17.8 million related to the change in fair value of warrants.
NextNav
NextNav
NextNav Revenue by Segment
Forward Guidance
NextNav expects to be an integral part of the government’s resilient PNT strategy, thereby generating shareholder value over the long term.