NASDAQ$NN
NextNav Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
NextNav's Q2 2023 financial results were reported, showing a decrease in revenue but strategic momentum with debt financing and technology licensing.
NextNav reported a decrease in revenue for Q2 2023, with $0.8 million compared to $1.4 million in the prior year period. The company closed a $50 million debt financing deal and subsequently an additional $20 million investment. They also signed a licensing agreement with a top-tier global chip manufacturer and expanded their E911 partner network.
- Closed $70 million in debt financing, including $50 million in Q2 2023.
- Signed a licensing agreement with a top-tier global chip manufacturer for NextNav technology.
- Expanded E911 partner network with an additional nationwide U.S. carrier.
- FCC approved experimental license to validate 3D geo-location and resilient PNT capabilities using a 5G waveform.
Headline financials
Revenue & EPS history
NextNav · Revenue · Quarterly
$800K
Revenue by segment
NextNav · $995K total across 1 segment · Q1 2026
- Commercial Services$995K—100.0%
Forward guidance
NextNav anticipates leveraging recent funding to advance business initiatives and expects initial revenue from a new licensing agreement in the second half of 2023.
Tailwinds
- Expected revenue from new licensing agreement with chip manufacturer in H2 2023.
- Focus on executing against business initiatives.
- Leveraging funds for multiple years of runway.
- Significant traction in underlying technology licenses and government grants.
- Building more value for shareholders going forward.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
+0.8%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
45%
10 / 22 earnings
Positive
+30.7%
Q1 2023
Best reaction
-19.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.5% | +8.6% | +2.2% | |
| Q4 2025 | +12.9% | +10.7% | +35.3% | |
| Q3 2025 | +6.0% | +6.4% | +34.3% | |
| Q2 2025 | -10.2% | -5.8% | +2.7% | |
| Q1 2025 | -5.7% | -4.6% | -14.9% | |
| Q4 2024 | +9.1% | +15.6% | +17.8% | |
| Q3 2024 | -5.0% | +1.4% | +12.8% | |
| Q2 2024 | -7.3% | -9.9% | -12.9% | |
| Q1 2024 | -6.1% | -13.2% | -13.3% | |
| Q4 2023 | -19.1% | -9.7% | +41.4% | |
| Q3 2023 | +0.8% | -1.9% | -18.5% | |
| Q2 2023 | +12.8% | +36.7% | +29.9% | |
| Q1 2023 | +30.7% | +13.3% | +25.2% | |
| Q4 2022 | -14.0% | -11.5% | -1.0% | |
| Q3 2022 | +8.7% | +7.1% | -11.9% | |
| Q2 2022 | +15.7% | +5.8% | +17.4% | |
| Q1 2022 | -2.9% | -8.6% | -54.3% | |
| Q2 2021 | -6.8% | -13.7% | -12.2% | |
| Q4 2021 | -6.8% | -13.7% | -12.2% | |
| Q3 2021 | +0.2% | +7.5% | -20.8% | |
| Q1 2021 | -0.5% | +0.2% | +0.7% | |
| Q4 2020 | -0.4% | +0.3% | +0.5% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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