earnings
confidence high
sentiment positive
materiality 0.65
NextNav Q2 2022 revenue $1.4M, up 548% YoY; net income $0.8M on warrant gain; cash $82.5M debt-free
NEXTNAV INC.
2022-Q2 EPS reported
-$0.09
revenue$2,620,000
- Revenue $1.4M vs $216K YoY; six-month revenue $2.6M vs $467K YoY.
- Operating loss $17.0M (Q2) and $33.1M (six months); net income $0.8M includes $17.8M warrant fair-value gain.
- Signed commercial agreement with MetCom for nationwide Pinnacle rollout in Japan.
- Partnered with GCT Semiconductor to integrate TerraPoiNT into GCT's LTE chipset (GDM7243i).
- Signed public-safety partnerships with Geocomm, NGA911, RapidDeploy, and others for vertical location services.