NextNav Q2 loss per share narrows
NN•Guidance and analyst coverage
NextNav did not provide specific financial guidance for the current or future periods.
The average analyst rating on the shares is strong buy, with two strong buy or buy recommendations, no hold ratings and no sell or strong sell ratings.
The median 12-month price target is $39.50, about 156% above the stock's August 10 closing price of $15.43.
Q2 results and liquidity update
NextNav said its net loss per share for the second quarter narrowed to $0.24 from $0.48 a year earlier.
The US geolocation technology provider reported Q2 revenue of $1.2 million, compared with the consensus estimate of $900,000 from two analysts.
The company said it completed the redemption of public warrants and the conversion of convertible notes, which boosted liquidity.
