NextNav Q2 loss per share narrows

NextNav

11/08/2026 21:18

Overview
US geolocation technology provider's net loss per share for Q2 narrowed to $0.24 from $0.48 yr/yr
Company completed redemption of public warrants and conversion of convertible notes, boosting liquidity

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
PARTNERSHIPS - Co cited new and expanded partnerships, including with Tiami Networks and Safran Electronics & Defense, to advance and demonstrate its 5G-powered PNT solutions
TECHNOLOGY VALIDATION - Co highlighted real-world field validation of timing accuracy for its 5G-powered 3D PNT solution, supporting critical infrastructure applications

Company press release: ID:nBw7pstMqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.2 mln
$900,000 (2 Analysts)
Q2 Loss Per Share
 
$0.24
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the phones & handheld devices peer group is "buy."
Wall Street's median 12-month price target for NextNav Inc. is $39.50, about 156% above its August 10 closing price of $15.43

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)