NextNav Q4 2023 GAAP EPS $(0.15) Misses $(0.14) Estimate, Sales $1.205M Beat $1.192M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextNav (NASDAQ:NN) reported Q4 2023 earnings with a GAAP EPS of $(0.15), missing the $(0.14) estimate, and sales of $1.205M, beating the $1.192M estimate. This represents a 25% decrease in EPS and a 50.06% increase in sales year-over-year.
March 13, 2024 | 8:32 pm
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NextNav reported a Q4 2023 GAAP EPS of $(0.15), missing estimates, but sales of $1.205M exceeded expectations, indicating mixed financial performance.
The miss in EPS might concern investors about profitability, but the beat in sales and significant year-over-year sales growth could signal strong demand for NextNav's products or services. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100