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Sep 30, 2023
NextNav Q3 2023 Earnings Report
NextNav's Q3 2023 performance reflected increased revenue and continued focus on technological advancements.
Key Takeaways
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.
Revenue increased to $1.0 million, compared to $503,000 in the prior year period.
Operating loss decreased to $14.6 million, compared to $17.9 million in the prior year period.
Net loss increased to $23.2 million, compared to $18.7 million in the prior year period.
Signed a new contract to support the federal government’s resilient GPS/PNT efforts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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