NextNav Q1 EPS $(0.28) Misses $(0.14) Estimate, Sales $1.05M Miss $1.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextNav (NASDAQ:NN) reported Q1 earnings with a per-share loss of $(0.28), missing the $(0.14) estimate, and sales of $1.05M, below the $1.22M estimate. This represents a significant decrease in earnings and a slight increase in sales from the previous year.
May 08, 2024 | 9:57 pm
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NEGATIVE IMPACT
NextNav reported a larger-than-expected Q1 loss of $(0.28) per share, missing estimates by 100%, and sales of $1.05M, missing the $1.22M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The reported loss was 100% worse than expected, and sales also fell short of forecasts, indicating potential operational challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100