Navigation firm NextNav Q2 revenue rises slightly, misses analyst expectations

Nextnav

06/08/2025 21:19

Overview

NextNav Q2 revenue rises slightly but misses analyst expectations

Operating loss widens to $17.2 mln due to higher expenses

Net loss increases to $63.2 mln, impacted by derivative liability changes

FCC grants consent for Lower 900MHz licenses, enhancing spectrum position

Result Drivers

SERVICE REVENUE - Increase in service revenue from technology and services contracts with government and commercial customers drove revenue growth

EXPENSE INCREASES - Higher professional services, payroll-related expenses, and consulting costs contributed to wider operating loss

FCC LICENSES - FCC's consent to assign Lower 900MHz licenses enhances NextNav's spectrum position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$1.20 mln
$1.59 mln (2 Analysts)
Q2 Net Income
-$63.20 mln
Q2 Operating Expenses
$18.44 mln
Q2 Operating Income
-$17.24 mln
Q2 Pretax Profit
-$63.15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $20.00, about 22.5% above its August 5 closing price of $15.51

Press Release: ID:nBw9xHR2sa

(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.)