NextNav Q3 revenue $503K; net loss $18.7M; acquires Nestwave to cut costs 75%

NEXTNAV INC.

2023-Q3 EPS reported -$0.28 revenue$3,123,000

Q3 2022 revenue $503K vs $276K YoY; operating loss $17.9M vs $7.0M YoY; net loss $18.7M vs $32.4M YoY.
Closed acquisition of Nestwave SAS on Oct 31, 2022; expects to reduce TerraPoiNT deployment & network costs by ~75%.
MetCom launched Pinnacle commercial service in Tokyo on Nov 9; nationwide Japan rollout planned for 2023.
Cash & equivalents $71.8M, debt-free; net loss nine months $27.6M including $23.2M gain on warrant fair value.
CEO cites expected Spring 2023 Executive Order on PNT resilience as positive for NextNav.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

NEXTNAV INC. reported the three and nine months ended September 30, 2022 results: revenue $ 503 thousand in the three months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Revenue: $ 503 thousand in the three months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 10, 2022 , NextNav Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2022.

View on SEC.gov

Browse all earnings releases →

NEXTNAV INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-071171

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.