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Sep 30, 2024
NextNav Q3 2024 Earnings Report
NextNav's third quarter 2024 results were announced, demonstrating revenue growth and ongoing efforts to advance its strategic vision.
Key Takeaways
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.
Revenue increased to $1.6 million compared to $1.0 million in the prior year period.
Operating loss decreased to $13.9 million compared to $14.6 million in the prior year period.
Net loss was $13.6 million, which included a gain on the change in fair value of warrants.
The Brattle Group estimated a $14.6 billion value for a terrestrial backup to GPS.
Forward Guidance
NextNav is committed to advancing its mission and working closely with stakeholders and government agencies to deliver a solution that will provide enormous public benefit.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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