NextNav Q3 Net Loss Narrows, Revenue Rises -- Shares Rise After-Hours

MT Newswires Live

2024/11/14

NextNav (NN) reported late Wednesday Q3 net loss of $0.11 per diluted share, narrowing from a loss of $0.21 a year earlier.

Two analysts polled by Capital IQ expected a loss of 0.15.

Revenue for the quarter ended Sept. 30 was $1.6 million, up from $1.0 million a year earlier.

Two analysts surveyed by Capital IQ expected $1.1 million.

NextNav shares were up 5% in recent after-hours activity.

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