NextNav reports Q1 revenue $1.2M, net loss $9.7M; cash $93.8M debt-free

NEXTNAV INC.

2023-Q1 EPS reported -$0.10 revenue$1,199,000

Revenue of $1.2M, up from $251K in prior-year period, driven by commercial technology/services contracts.
Operating loss of $16M (incl $7.2M stock comp) vs $12.6M loss prior year; net loss $9.7M vs $27.1M.
Cash of $93.8M at quarter end, no debt.
Announced partnerships with NGA 911, GeoComm, Widow Games, echo3D, and Last Mile Technology for 3D geolocation.

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