NextNav Q1 2024 GAAP EPS $(0.28) Misses $(0.14) Estimate, Sales $1.046M Miss $1.220M Estimate

5/8/24 6:05:35 PM ET

Industrial Machinery/Components

Industrials

Get the next $NN alert in real time by email

NextNav (NASDAQ:NN) reported quarterly losses of $(0.28) per share which missed the analyst consensus estimate of $(0.14) by 100 percent. This is a 86.67 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $1.046 million which missed the analyst consensus estimate of $1.220 million by 14.26 percent. This is a 26.02 percent increase over sales of $830.000 thousand the same period last year.

Get the next $NN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$NN

Date	Price Target	Rating	Analyst
11/14/2024	$12.00 → $20.00	Buy	B. Riley Securities
8/12/2022		Outperform → Perform	Oppenheimer
1/6/2022	$16.00	Buy	R. F. Lafferty
11/11/2021	$15.00	Outperform	Oppenheimer
11/8/2021	$17.00	Buy	B. Riley Securities

More analyst ratings

$NN
Financials

Live finance-specific insights

NextNav Inc. Reports Third Quarter 2024 Results
The Brattle Group Analysis Finds Total Quantified Value of Having a GPS Backup is $14.6 billion NextNav Continues Engineer-to-Engineer Dialogue with Appropriate Stakeholders RESTON, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav's third quarter ended September 30, 2024. Mariam Sorond, NextNav CEO said, "In the third quarter, we continued efforts to advance our strategic vision and address the critical need for a terrestrial complement and backup to GPS. The NextNav team continues to hold active discussions with the appropriate stak
11/13/24 4:05:22 PM ET
$NN
Industrial Machinery/Components
Industrials
NextNav Announces Date for Third Quarter 2024 Earnings Call
RESTON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Wednesday November 13, 2024, and will host a conference call the same day at 5:00 PM ET to discuss its results. Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I6293675922. After registering, each participant will be provided with call details and a registrant ID. Reminders will als
10/22/24 8:30:00 AM ET
$NN
Industrial Machinery/Components
Industrials
NextNav Inc. Reports Second Quarter 2024 Results
Federal Communications Commission Releases Public Notice on Petition for Rulemaking Awarded $1.9 million in Funding from DOT to Test PNT Services as Complement and Backup to GPS RESTON, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) ("NextNav" or the "Company") a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav's second quarter ended June 30, 2024. Mariam Sorond, NextNav CEO stated, "The NextNav team continued to make solid progress towards our strategic vision in the second quarter. Notably, on August 6, 2024, the Federal Communications Commission ("FCC") issued a public notice se
8/7/24 4:05:08 PM ET
$NN
Industrial Machinery/Components
Industrials

$NN
Press Releases

Fastest customizable press release news feed in the world

NextNav Inc. Reports Third Quarter 2024 Results
The Brattle Group Analysis Finds Total Quantified Value of Having a GPS Backup is $14.6 billion NextNav Continues Engineer-to-Engineer Dialogue with Appropriate Stakeholders RESTON, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav's third quarter ended September 30, 2024. Mariam Sorond, NextNav CEO said, "In the third quarter, we continued efforts to advance our strategic vision and address the critical need for a terrestrial complement and backup to GPS. The NextNav team continues to hold active discussions with the appropriate stak
11/13/24 4:05:22 PM ET
$NN
Industrial Machinery/Components
Industrials
NextNav Announces Date for Third Quarter 2024 Earnings Call
RESTON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Wednesday November 13, 2024, and will host a conference call the same day at 5:00 PM ET to discuss its results. Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I6293675922. After registering, each participant will be provided with call details and a registrant ID. Reminders will als
10/22/24 8:30:00 AM ET
$NN
Industrial Machinery/Components
Industrials
New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion
RESTON, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, announced today that its plan for a terrestrial PNT backup and complement to GPS in the Lower 900 MHz would prevent hundreds of millions of dollars in losses in the event of a global GPS outage. The Brattle Group's economic analysis finds that a 1-day global GPS outage could cost the American economy $1.6 billion, and NextNav's proposal could prevent a loss of $663 million to the economy for a 24-hour outage period. Adopting NextNav's proposal to reconfigure the Lower 900 MHz band offers the US economy a $10.8 billion insurance
10/21/24 9:15:00 AM ET
$NN
Industrial Machinery/Components
Industrials

$NN
Leadership Updates

Live Leadership Updates

NextNav Appoints Nicola Palmer to Board of Directors
MCLEAN, Va., June 25, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Nicola Palmer to its Board of Directors effective June 24, 2024. Palmer has also been appointed as a member of the Audit Committee of the Board. Following this appointment, the Board is now comprised of seven directors. "As an innovative and experienced leader, Nicola brings to the board a deep expertise in the strategic development, operation, and expansion of ecosystems powered by 5G technology and the development of products and services to advance 5G growth," said Ne
6/25/24 9:00:00 AM ET
$NN
Industrial Machinery/Components
Industrials
NextNav Announces Appointment of Jonathan Marcus to Board of Directors
MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN) ("NextNav" or the "Company") a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Jonathan A. Marcus to the Company's Board of Directors, effective May 16, 2024. "We are excited to have Jon join the NextNav Board of Directors," said NextNav CEO Mariam Sorond. "Jon brings extensive financial capital markets, business strategy, and corporate finance expertise that will help NextNav further its strategic vision for a complement and back up to GPS while also unleashing much-needed spectrum for broadband." Mr. Marcus currently serves as the Chairman of Alim
5/16/24 4:05:38 PM ET
$NN
Industrial Machinery/Components
Industrials
NextNav Announces Sanyogita Shamsunder as Chief Operating Officer
MCLEAN, Va., May 07, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN) ("NextNav" or the "Company") a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, announced the appointment of Dr. Sanyogita Shamsunder as NextNav's new Chief Operating Officer, effective May 9, 2024. In this newly created role, Sanyogita will be overseeing business development, strategy, product and software, program and operations, and IT. "Sanyogita's appointment as NextNav's Chief Operating Officer heralds a new chapter of innovation and growth," NextNav Chief Executive Officer Mariam Sorond said. "Her remarkable track record of operational excellence and deep-rooted telecom expert
5/7/24 4:55:48 PM ET
$NN
Industrial Machinery/Components
Industrials

NextNav Q1 2024 GAAP EPS $(0.28) Misses $(0.14) Estimate, Sales $1.046M Miss $1.220M Estimate

Chat with this insight

Recent Analyst Ratings for $NN

$NN Financials

Live finance-specific insights

NextNav Inc. Reports Third Quarter 2024 Results

NextNav Announces Date for Third Quarter 2024 Earnings Call

NextNav Inc. Reports Second Quarter 2024 Results

$NN Market Insights

Live Market Insights

NextNav shares are trading higher after the company was awarded a U.S. Department of Transportation contract to conduct field tests of 3D PNT technologies.

NextNav Stock Is Moving After The Market Close: What's Going On?

NextNav shares are trading higher after the company was awarded a U.S. Department of Transportation contract to conduct field tests of 3D PNT technologies.

$NN Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Subin Neil S bought $1,731,500 worth of shares (250,000 units at $6.93) (SEC Form 4)

Large owner Samberg Joseph D bought $2,350,862 worth of shares (315,200 units at $7.46) (SEC Form 4)

Subin Neil S bought $1,140,269 worth of shares (150,000 units at $7.60) (SEC Form 4)

$NN Press Releases

Fastest customizable press release news feed in the world

NextNav Inc. Reports Third Quarter 2024 Results

NextNav Announces Date for Third Quarter 2024 Earnings Call

New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion

$NN Leadership Updates

Live Leadership Updates

NextNav Appoints Nicola Palmer to Board of Directors

NextNav Announces Appointment of Jonathan Marcus to Board of Directors

NextNav Announces Sanyogita Shamsunder as Chief Operating Officer

$NN SEC Filings

SEC Form 10-Q filed by NextNav Inc.

NextNav Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by NextNav Inc.

$NN Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by NextNav Inc.

Amendment: SEC Form SC 13G/A filed by NextNav Inc.

SEC Form SC 13G filed by NextNav Inc.

$NN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Senior Vice President Raghupathy Arun sold $16,025 worth of shares (1,123 units at $14.27), decreasing direct ownership by 0.10% to 1,090,351 units (SEC Form 4)

General Counsel Lantz Robert sold $4,828 worth of shares (336 units at $14.37), decreasing direct ownership by 0.38% to 88,065 units (SEC Form 4)

Chief Accounting Officer Shams Sammaad sold $5,799 worth of shares (735 units at $7.89), decreasing direct ownership by 1% to 61,353 units (SEC Form 4)

$NN Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

B. Riley Securities reiterated coverage on NextNav with a new price target

NextNav downgraded by Oppenheimer

R. F. Lafferty initiated coverage on NextNav with a new price target

Recent Analyst Ratings for
$NN

$NN
Financials

$NN
Market Insights

$NN
Insider Purchases

$NN
Press Releases

$NN
Leadership Updates

$NN
SEC Filings

$NN
Large Ownership Changes

$NN
Insider Trading

$NN
Analyst Ratings