Revenue: As of FY2025 Q1, the actual value is USD 1.539 M.EPS: As of FY2025 Q1, the actual value is USD -0.45.<h3>Segment Revenue</h3><ul><li>Total Revenue: $1,539 thousand for the three months ended March 31, 2025, compared to $1,046 thousand for the same period in 2024, representing a 47.1% increase.</li><li>Commercial Revenue: $932 thousand for the three months ended March 31, 2025, compared to $1,041 thousand for the same period in 2024.</li><li>Government Contracts Revenue: $607 thousand for the three months ended March 31, 2025, compared to $5 thousand for the same period in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Operating Loss: - $17,004 thousand for the three months ended March 31, 2025, compared to - $16,150 thousand for the same period in 2024.</li><li>Net Loss: - $58,579 thousand for the three months ended March 31, 2025, compared to - $31,610 thousand for the same period in 2024.</li><li>Cost of Goods Sold: $2,533 thousand for the three months ended March 31, 2025, compared to $2,761 thousand for the same period in 2024, representing an 8.3% decrease.</li><li>Research and Development Expenses: $4,038 thousand for the three months ended March 31, 2025, compared to $4,670 thousand for the same period in 2024, representing a 13.5% decrease.</li><li>Selling, General and Administrative Expenses: $10,520 thousand for the three months ended March 31, 2025, compared to $8,446 thousand for the same period in 2024, representing a 24.6% increase.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $12,179 thousand for the three months ended March 31, 2025, compared to - $6,985 thousand for the same period in 2024.</li><li>Net Cash Provided by Investing Activities: $3,006 thousand for the three months ended March 31, 2025, compared to - $2,113 thousand used in the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $120,172 thousand for the three months ended March 31, 2025, compared to $516 thousand for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Change in Fair Value of Warrants: $6,041 thousand gain for the three months ended March 31, 2025, compared to - $13,176 thousand loss for the same period in 2024.</li><li>Change in Fair Value of Derivative Liability: - $24,523 thousand loss for the three months ended March 31, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: NextNav is evolving its PNT solutions to use 5G New Radio technologies, expecting significant improvements in efficiency, flexibility, and scale of operations, enabling high-quality PNT delivery based on a 5G broadband network.</li><li>Non-Core Business: NextNav continues to pursue regulatory changes to the Lower 900 MHz band and its spectrum licenses, aiming to modernize the band to enable a high-quality terrestrial PNT network and add 5G broadband capacity.</li></ul>

NextNav - CW27 | 10-Q: FY2025 Q1 Revenue: USD 1.539 M