NextNav Q1 2024 GAAP EPS $(0.28) Misses $(0.14) Estimate, Sales $1.046M Miss $1.220M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextNav (NASDAQ:NN) reported Q1 2024 earnings with a GAAP EPS of $(0.28), missing the $(0.14) estimate, and sales of $1.046M, below the $1.220M estimate. This represents a significant decrease in EPS and a modest increase in sales from the previous year.
May 08, 2024 | 10:05 pm
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NEGATIVE IMPACT
NextNav reported a significant miss in Q1 2024 earnings with a GAAP EPS of $(0.28) and sales of $1.046M, both below estimates.
Missing both EPS and sales estimates significantly, especially by 100% on the EPS estimate, indicates underperformance that could lead to negative investor sentiment in the short term. The comparison to last year's figures also shows a concerning trend in profitability, despite a slight increase in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100