NextNav Q3 revenue misses estimates, reports $483,000 net income

Nextnav

06/11/2025 12:40

Overview

NextNav Q3 revenue missed analyst expectations

Company reported net income of $483,000 for Q3

NextNav extended agreement with AT&T for Pinnacle network by two years

Outlook

NextNav did not provide specific financial guidance for the current quarter or full year

Result Drivers

FCC ADVOCACY - NextNav continued to advocate for FCC progress despite government shutdown, aiming for technology commercialization

5G PNT MILESTONE - Achieved major milestone in 5G-based 3D PNT solution, delivering accurate timing and positioning

AT&T AGREEMENT - Extended agreement with AT&T for Pinnacle network operations by two years

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$887,000
$1.13 mln (2 Analysts)
Q3 EPS
-$0.12
Q3 Net Income
$483,000
Q3 Operating Expenses
$20.75 mln
Q3 Operating Income
-$19.87 mln
Q3 Pretax Profit
$529,000


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 37% above its November 5 closing price of $12.61

Press Release: ID:nBw93Khnja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)