NextNav (NASDAQ:NN) Releases Earnings Results, Misses Estimates By $0.08 EPS

NextNav (NASDAQ:NN) issued its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08), FiscalAI reports. The firm had revenue of $1.15 million for the quarter, compared to analyst estimates of $0.92 million.

Here are the key takeaways from NextNav’s conference call:

• Balance sheet strengthened substantially: NextNav eliminated its debt, received nearly $170 million from warrant exercises, and reported approximately $300 million in available liquidity, including about $230 million in cash and marketable securities.
• Regulatory momentum continued around its proposed 900 MHz spectrum allocation, including a SpaceX filing supporting flexible-use low-band spectrum and specifically citing a configuration consistent with NextNav’s proposal. However, the FCC’s NPRM remains subject to ongoing OIRA and interagency review, with no timing provided.
• Partnerships with Safran Electronics & Defense, Tiami Networks, and a Tier 1 device partner expanded potential applications for NextNav’s 3D PNT, counter-drone detection, and vertical-location technologies across defense, aviation, public safety, and critical infrastructure.
• NextNav demonstrated approximately 20 nanoseconds of timing accuracy across outdoor, indoor, and GPS-denied environments, which management said validates the commercial readiness of its terrestrial 5G-powered PNT platform for AI infrastructure and other mission-critical applications.
• The debt conversion and warrant exercises increased the share count, while the company reported a roughly $33.8 million net loss in the quarter, including a $32 million non-cash loss from changes in the fair value of warrants and derivative liabilities.

NextNav Stock Up 7.9%

Shares of NASDAQ:NN opened at $19.23 on Thursday. The company has a market cap of $2.62 billion, a P/E ratio of -19.82 and a beta of 1.10. NextNav has a 52 week low of $10.87 and a 52 week high of $24.42. The business has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $17.41.

Insider Buying and Selling

In other news, CEO Mariam Sorond sold 69,853 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $19.92, for a total transaction of $1,391,471.76. Following the completion of the transaction, the chief executive officer owned 1,244,495 shares of the company’s stock, valued at $24,790,340.40. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel James S. Black sold 1,878 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $22.96, for a total transaction of $43,118.88. Following the transaction, the general counsel owned 91,688 shares in the company, valued at approximately $2,105,156.48. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 76,567 shares of company stock worth $1,522,252. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On NextNav

Several institutional investors and hedge funds have recently bought and sold shares of NN. Caitong International Asset Management Co. Ltd grew its stake in shares of NextNav by 347.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock valued at $37,000 after buying an additional 1,721 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of NextNav in the 4th quarter worth $97,000. Osterweis Capital Management Inc. purchased a new position in shares of NextNav in the 4th quarter worth $109,000. Kestra Advisory Services LLC acquired a new position in NextNav in the fourth quarter valued at $116,000. Finally, BNP Paribas Financial Markets boosted its holdings in NextNav by 64.4% in the second quarter. BNP Paribas Financial Markets now owns 8,918 shares of the company’s stock valued at $136,000 after acquiring an additional 3,493 shares during the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

Analysts Set New Price Targets

NN has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a research report on Friday, July 17th. Wall Street Zen raised NextNav from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial reiterated a “buy” rating on shares of NextNav in a research report on Thursday, April 23rd. Odeon Capital Group assumed coverage on shares of NextNav in a report on Monday, July 20th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of NextNav from $25.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NextNav has an average rating of “Moderate Buy” and a consensus price target of $32.33.

NextNav Company Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.