NN Earnings Prediction
The chart below shows how NN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NN sees a +2.60% change in stock price 10 days leading up to the earnings, and a -1.64% change 10 days following the report. On the earnings day itself, the stock moves by +1.03%. This data can give you a slight idea of what to expect for the next quarter's release.
NN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.61M
56.48%
45.43%
Gross Margin
-142.56%
-57.70%
-49.41%
Operating Margin
-861.98%
-39.45%
-37.88%
Net Margin
-846.86%
-62.54%
-61.63%
EPS
-0.11
-47.62%
-47.62%
No Data Available
NN Earnings Analysis
NextNav Inc. Common Stock Corporation (NN.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: NextNav's revenue in the third quarter was $1.6 million, a $0.6 million increase from $1.0 million in the prior year period.
Revenue Increase Analysis: For the nine month period, revenue was $3.8 million, a $1.1 million increase from $2.7 million in 2023.
Service Revenue Growth: The increase in both the three and nine month periods was driven by an increase in service revenue from technology and services contracts with government and commercial customers.
Operating Expenses Decrease: Operating expenses for the third quarter were $15.5 million, down approximately $0.1 million versus the same period last year.
Quarterly Cash Position: We finished the quarter with $86.8 million in cash, cash equivalents and short-term investments.
Negative
Quarterly Revenue Increase: NextNav's revenue in the third quarter was $1.6 million, a $0.6 million increase from $1.0 million in the prior year period, indicating a modest growth that may not meet investor expectations.
Cost Management Insights: Operating expenses for the third quarter were $15.5 million, down approximately $0.1 million versus the same period last year, suggesting tight cost management but potentially limiting growth initiatives.
Quarterly Net Loss Analysis: Net loss for the third quarter was $13.6 million, which included a $2.5 million gain associated with the change in the fair value of warrants, compared to a net loss of $23.2 million in the third quarter of 2023, indicating ongoing financial challenges.
Operating Expenses Increase: Operating expenses in the nine month period were $49.1 million compared to $46.3 million in 2023, reflecting an increase that could raise concerns about rising costs outpacing revenue growth.
Cash Position Analysis: The company finished the quarter with $86.8 million in cash, which, while a positive figure, may not be sufficient to cover ongoing operational losses and future investments.
NN FAQs
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NN Earning Call Sentiment
NextNav, Inc. (NN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NN.O
5.97%Positive
The earnings call summary shows moderate financial performance with revenue increases but ongoing net losses and high operating expenses. The Q&A section reveals a lack of clarity and commitment from management on timelines and partnerships, which could concern investors. Additionally, the absence of shareholder return initiatives and guidance further dampens sentiment. While there are some positive developments, such as the DOT order, these are overshadowed by uncertainties and financial challenges. Given the lack of clear guidance and strategic partnerships, the stock is likely to experience a negative reaction.