NextNav (NN) Expected to Announce Quarterly Earnings on Friday

NextNav (NASDAQ:NN - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 9th. Analysts expect NextNav to post earnings of ($0.14) per share and revenue of $1.87 million for the quarter.

NextNav (NASDAQ:NN - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. On average, analysts expect NextNav to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NextNav Price Performance

Shares of NASDAQ NN traded up $0.58 during trading hours on Wednesday, hitting $13.80. 1,587,883 shares of the stock were exchanged, compared to its average volume of 1,053,379. The company's fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $13.14. The company has a market cap of $1.83 billion, a PE ratio of -18.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. NextNav has a 1-year low of $6.47 and a 1-year high of $18.54.

Insider Activity

In other NextNav news, CEO Mariam Sorond sold 62,868 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. This trade represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christian D. Gates sold 5,730 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total value of $64,405.20. Following the sale, the chief financial officer now owns 857,206 shares in the company, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,705 shares of company stock worth $816,495. 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.