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Sep 30, 2022
NextNav Q3 2022 Earnings Report
NextNav reported an increase in revenue driven by technology and services contracts, and announced the acquisition of Nestwave SAS, expected to reduce TerraPoiNT deployment costs.
Key Takeaways
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%.
Revenue increased due to technology and services contracts.
Operating loss was $17.9 million for the quarter.
Net loss was $18.7 million for the quarter.
Acquisition of Nestwave SAS closed, expected to reduce TerraPoiNT deployment costs.
NextNav
NextNav
NextNav Revenue by Segment
Revenue by Segment
Technology and Services Revenue
CapyFin.com Forward Guidance
NextNav is focused on expanding its 3D geolocation business, next generation GPS platform, partnerships and potential growth opportunities.