NextNav (NN) reported a Q1 net loss Friday of $0.45 per diluted share, compared with a loss of $0.28 a year earlier.

Two analysts polled by FactSet expected a loss of $0.14.

Revenue for the quarter ended March 31 was $1.5 million, up from $1 million a year earlier.

Two analysts surveyed by FactSet expected $1.9 million.

The company's shares rose 3.5% in premarket activity Friday.

Price: 14.42, Change: +0.49, Percent Change: +3.52