NextNav reports Q3 EPS (11c), consensus (15c)

Reports Q3 revenue $1.607M, consensus $1.1M. Mariam Sorond, NextNav (NN) CEO said, “In the third quarter, we continued efforts to advance our strategic vision and address the critical need for a terrestrial complement and backup to GPS. The NextNav team continues to hold active discussions with the appropriate stakeholders through engineer-to-engineer dialogue in support of our petition. We believe that collaborative analysis is essential to achieving an outcome that best serves the public interest and solves a national security problem.”