Spartacus Acquisition Corporation intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Duluth, Georgia.
IPO Year:
Exchange: NASDAQ
Website: spartacus-ac.com
| 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 |
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
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
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
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
RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, announced today that the Federal Communications Commission (FCC) released a public notice seeking comment on its innovative spectrum solution in the Lower 900 MHz band (902-928 MHz band). On April 16, NextNav filed a rulemaking petition asking the FCC to open this proceeding to reconfigure the Lower 900 MHz band and adopt new rules to enable a terrestrial 3D PNT network to complement and back up the Global Positioning System ("GPS"). This rearrangement of the band would also free up 15 MHz of valuable low-band spectrum for 5G broadband
RESTON, Va., July 24, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation positioning, navigation, timing ("PNT") and 3D geolocation, today announced that Chief Executive Officer, Mariam Sorond, and Chief Financial Officer, Chris Gates, will participate in the Oppenheimer 27th Annual Virtual Technology, Internet & Communications Conference. NextNav will present at 8:15am ET and participate in one-on-one meetings on August 13, 2024. A live webcast of the presentation will be available on the NextNav investor relations website at https://ir.nextnav.com. About NextNav Inc. NextNav Inc. (NASDAQ:NN) is a leader in next generation positioning, navigation and timing (PNT)
RESTON, Va., July 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 second quarter ended June 30, 2024 after the market closes on Wednesday August 7, 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/Q4I6293666000. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be se
RESTON, Va., July 08, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation positioning, navigation, timing ("PNT") and 3D geolocation, today announced a new award from the U.S. Department of Transportation ("U.S. DOT") to conduct real-world field tests of its 3D PNT technologies to provide PNT information to meet critical infrastructure needs when GPS service is not available and/or degraded due environmental, unintentional, and/or intentional disruptions. As a part of this project, the U.S. DOT will test NextNav's 3D PNT technology, a terrestrial solution that delivers PNT as a complement and backup to GPS. This award comes from the U.S.
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
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
B. Riley Securities reiterated coverage of NextNav with a rating of Buy and set a new price target of $20.00 from $12.00 previously
Oppenheimer downgraded NextNav from Outperform to Perform
R. F. Lafferty initiated coverage of NextNav with a rating of Buy and set a new price target of $16.00
Oppenheimer initiated coverage of NextNav with a rating of Outperform and set a new price target of $15.00
B. Riley Securities initiated coverage of NextNav with a rating of Buy and set a new price target of $17.00
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
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
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
MCLEAN, Va., Jan. 22, 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 John Muleta to the company's Board of Directors, effective January 18, 2024. Mr. Muleta has been appointed as a member of the Audit Committee of the Board. Following the appointment of Mr. Muleta, the Board is now comprised of seven directors. "We are delighted to welcome John to the NextNav Board of Directors," stated NextNav CEO Mariam Sorond. "John's unparalleled expertise in the development and implementation of wireless policies, particularly in spectrum allocation a
Mariam Sorond, Veteran Industry Leader, Named NextNav CEO, Effective November 29, 2023 Sorond Brings Extensive Experience in Transformative Network Evolutions, Including Spectrum Technology and Strategy Co-Founder and Current CEO Ganesh Pattabiraman Makes Personal Decision to Step Down; Will Serve as a Senior Advisor for Two Years MCLEAN, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today announced the appointment of Mariam Sorond, a veteran industry leader, as NextNav's new Chief Executive Officer, effective November 29, 2023. Ms. Sorond will also join NextNav's Board of Directors
MCLEAN, Va., Aug. 10, 2022 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation GPS, today announced that Neil S. Subin has joined the company's board of directors effective today. Mr. Subin replaces Peter Barris, who was recently named Chairman of the Board of Trustees of Northwestern University. "We are delighted to welcome Neil to NextNav's board," commented Gary Parsons, the Chairman of NextNav. "Neil is a respected leader with deep financial expertise and a proven track record of developing technology companies, especially within the telecommunications industry. His wealth of experience and insights will be invaluable as we continue to grow as a public company. We wou
SC 13D/A - NEXTNAV INC. (0001865631) (Subject)
SC 13G/A - NEXTNAV INC. (0001865631) (Subject)
SC 13G - NEXTNAV INC. (0001865631) (Subject)
SC 13D/A - NEXTNAV INC. (0001865631) (Subject)
SC 13D/A - NEXTNAV INC. (0001865631) (Subject)
SC 13G - NEXTNAV INC. (0001865631) (Subject)
SC 13D/A - NEXTNAV INC. (0001865631) (Subject)
SC 13D/A - NEXTNAV INC. (0001865631) (Subject)
SC 13D - NEXTNAV INC. (0001865631) (Subject)
SC 13G/A - NEXTNAV INC. (0001865631) (Subject)
10-Q - NEXTNAV INC. (0001865631) (Filer)
8-K - NEXTNAV INC. (0001865631) (Filer)
10-Q - NEXTNAV INC. (0001865631) (Filer)
8-K - NEXTNAV INC. (0001865631) (Filer)
8-K - NEXTNAV INC. (0001865631) (Filer)
8-K - NEXTNAV INC. (0001865631) (Filer)
144 - NEXTNAV INC. (0001865631) (Subject)
EFFECT - NEXTNAV INC. (0001865631) (Filer)
EFFECT - NEXTNAV INC. (0001865631) (Filer)
S-3 - NEXTNAV INC. (0001865631) (Filer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
3 - NEXTNAV INC. (0001865631) (Issuer)
4 - NEXTNAV INC. (0001865631) (Issuer)
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
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
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
RESTON, Va., July 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 second quarter ended June 30, 2024 after the market closes on Wednesday August 7, 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/Q4I6293666000. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be se
Filed Rulemaking Petition with FCC on April 16, 2024 Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband Services MCLEAN, Va., May 08, 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 first quarter ended March 31, 2024. Mariam Sorond, NextNav's CEO stated, "NextNav is off to an exciting start to the year. We recently filed a petition for rulemaking with the Federal Communications Commission, proposing rearranging the Lower 900 MHz band to enable its use for terrestrial 3D positioning
MCLEAN, Va., April 24, 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 first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 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/Q4I629362. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent
Announced Transaction to Acquire Additional 900 MHz Spectrum Licenses Mariam Sorond Joins as NextNav CEO MCLEAN, Va., March 13, 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 fourth quarter and full year ended December 31, 2023. Mariam Sorond, NextNav CEO stated, "It's been an incredible first 100 days as the CEO of NextNav. I have met directly with our team and partners and see the potential to explore options to enhance our next generation PNT technology through optimized use of our valuable spectrum asset. In line wit
MCLEAN, Va., March 06, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN), a leader in next generation position, navigation and timing (PNT), today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Wednesday, March 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/Q4I629368796093022208. After registering, each participant will be provided with call details and a registrant ID. Reminders will
5G Test Network Established in Bay Area Signs Contract Supporting Government GPS/PNT Efforts NextNav Pinnacle-Enabled Devices Expected on Five Wireless Carriers MCLEAN, Va., Nov. 08, 2023 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav's third quarter ended September 30, 2023. Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, "As momentum builds towards addressing GPS vulnerabilities across the public and private sector, we recently signed a new contract to support the federal government's resilient GPS/PNT efforts. The contract leverages our existing infr
Closes $70 Million in Debt Financing, Including $50 Million in 2Q 2023 Signs Agreement with Top-Tier Global Chip Manufacturer for Licensing of NextNav Technology Expands E911 Partner Network with additional Nationwide U.S. Carrier MCLEAN, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav's second quarter ended June 30, 2023. Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, "We continue to see solid strategic momentum in the business as we move into the second half of the year. We closed a $50 million debt financing deal and subsequent to
NextNav Inc (NASDAQ:NN) shares are trading higher in Monday’s after-hours session after the company was awarded a U.S. Department of Transportation (DOT) contract. What Happened: After the market close on Monday, NextNav announced it won a new award from DOT to conduct real-world field tests of its 3D PNT technologies. NextNav will provide PNT (positioning, navigation and timing) information to meet infrastructure needs when GPS service is unavailable. The award comes from the DOT Volpe Center and is a part of the agency’s complementary PNT Action Plan to help “facilitate adoption into systems that depend on secure and reliable PNT services.” NextNav’s 3D PNT technology is a terrestria
Part Of U.S. DOT Volpe Center's Complementary PNT Action Plan
Although U.S. stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Tile Shop The Trade: Tile Shop Holdings, Inc. (NASDAQ:TTSH) 10% owner Pleasant Lake Onshore Feeder Fund LP acquired a total o
Gainers Focus Universal (NASDAQ:FCUV) shares rose 11.8% to $0.26 during Friday's after-market session. The company's market cap stands at $16.8 million. CISO Global (NASDAQ:CISO) shares increased by 10.16% to $0.8. The market value of their outstanding shares is at $9.8 million. Verb Tech (NASDAQ:VERB) shares rose 9.11% to $0.18. The market value of their outstanding shares is at $18.7 million. Autodesk (NASDAQ:ADSK) stock increased by 8.12% to $217.99. The company's market cap stands at $46.6 billion. Inuvo (AMEX:INUV) shares moved upwards by 4.31% to $0.27. The company's market cap stands at $37.2 million. Stronghold Digital Mining (NASDAQ:SDIG) shares moved upwards by 3.52% to $2.94
Gainers NextNav (NASDAQ:NN) shares increased by 23.2% to $9.5 during Monday's after-market session. The company's market cap stands at $1.1 billion. Presto Automation (NASDAQ:PRST) shares increased by 9.89% to $0.16. The market value of their outstanding shares is at $16.9 million. The company's, Q3 earnings came out 4 days ago. iLearningEngines (NASDAQ:AILE) stock rose 9.83% to $6.48. The company's market cap stands at $870.3 million. Alpine 4 Holdings (NASDAQ:ALPP) stock moved upwards by 9.21% to $0.63. The market value of their outstanding shares is at $16.9 million. Akoustis Technologies (NASDAQ:AKTS) shares increased by 8.2% to $0.22. The market value of their outstanding shares is
U.S. stocks were higher, with the Dow Jones gaining over 50 points on Thursday. Shares of Walmart Inc. (NYSE:WMT) rose sharply during Thursday's session following better-than-expected quarterly earnings. The retailer reported that in the first quarter of 2025, the adjusted EPS was 60 cents, beating the consensus of 52 cents. Sales were $161.51 billion, up 6.0% year over year or 5.8% (at constant currency), including a benefit of ~1% from an additional selling day, beating the consensus of $159.50 billion, according to data from Benzinga Pro. Walmart shares surged 6.9% to $63.99 on Thursday. Here are some other big stocks recording gains in today's session. AST SpaceMobile, In
Gainers NextNav (NASDAQ:NN) stock increased by 4.9% to $7.85 during Wednesday's after-market session. The market value of their outstanding shares is at $947.4 million. Edgio (NASDAQ:EGIO) stock increased by 4.93% to $10.0. The market value of their outstanding shares is at $58.5 million. Cisco Systems (NASDAQ:CSCO) stock moved upwards by 4.87% to $52.09. The company's market cap stands at $210.9 billion. As per the press release, Q3 earnings came out today. Intrusion (NASDAQ:INTZ) stock rose 4.73% to $1.99. The company's market cap stands at $6.9 million. As per the press release, Q1 earnings came out yesterday. CISO Global (NASDAQ:CISO) shares increased by 4.08% to $0.88. The market v
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.