NextNav (NASDAQ:NN) Posts Earnings Results, Misses Estimates By $0.01 EPS

NextNav (NASDAQ:NN - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01), Zacks reports. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. The business had revenue of $1.54 million during the quarter, compared to analyst estimates of $1.87 million.

NextNav Price Performance

NASDAQ NN traded down $0.08 on Tuesday, reaching $12.66. 482,329 shares of the company's stock traded hands, compared to its average volume of 1,057,637. The stock has a market cap of $1.68 billion, a PE ratio of -16.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav has a 12 month low of $6.47 and a 12 month high of $18.54. The stock has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $13.25.

Insiders Place Their Bets

In related news, CFO Christian D. Gates sold 5,730 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the transaction, the chief financial officer now owns 857,206 shares of the company's stock, valued at $9,634,995.44. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at approximately $17,410,520.34. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock valued at $816,495 in the last ninety days. Company insiders own 7.70% of the company's stock.

NextNav Company Profile

NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.