Overview

* NextNav ( NN ) Q3 revenue missed analyst expectations

* Company reported net income of $483,000 for Q3

* NextNav ( NN ) extended agreement with AT&T for Pinnacle network by two years

Outlook

* NextNav ( NN ) did not provide specific financial guidance for the current quarter or full year

Result Drivers

* FCC ADVOCACY - NextNav ( NN ) continued to advocate for FCC progress despite government shutdown, aiming for technology commercialization

* 5G PNT MILESTONE - Achieved major milestone in 5G-based 3D PNT solution, delivering accurate timing and positioning

* AT&T AGREEMENT - Extended agreement with AT&T for Pinnacle network operations by two years

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $887,000 $1.13

Revenue mln (2

Analysts

)

Q3 EPS -$0.12

Q3 Net $483,000

Income

Q3 $20.75

Operatin mln

g

Expenses

Q3 -$19.87

Operatin mln

g Income

Q3 $529,000

Pretax

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the phones & handheld devices peer group is "buy"

* Wall Street's median 12-month price target for NextNav Inc ( NN ) is $20.00, about 37% above its November 5 closing price of $12.61

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)