NextNav Q3 revenue $1.6M (up 60% YoY); net loss narrows; Brattle report values GPS backup at $14.6B

NEXTNAV INC.

2024-Q3 EPS reported -$0.59 revenue$3,758,000

Revenue of $1.6M in Q3 2024, up from $1.0M YoY, driven by government and commercial service contracts.
Net loss of $13.6M improved from $23.2M YoY; includes $2.5M gain on change in warrant fair value.
Cash, cash equivalents, and short-term investments of $86.8M; debt net of discount $53.0M (gross $70.0M).
The Brattle Group report values a terrestrial GPS backup at $14.6B; NextNav continues FCC petition dialogue.
Operating loss of $13.9M vs $14.6M YoY; nine-month net loss $69.6M vs $55.3M prior period.

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.