Nextwave Wireless (fka WAVE)

[revlis]

NextWave Posts $71M Quarterly Loss

Tuesday, August 10, 2010

NextWave Wireless Inc., which announced earlier this month it is selling the remaining 65 percent of PacketVideo to NTT Docomo for a net gain of $107 million, reported Aug. 10 a second quarter net loss of $71.2 million, compared to a net loss of $55.5 million for the like quarter of 2009.

For the first half of the fiscal year, the San Diego business that owns wireless spectrum licenses said it had a net loss of $74.5 million, compared to a net loss of $137.6 million for the first half of 2009.

NextWave’s second quarter ended July 3.

According to a securities filing, the company issued $25 million in senior notes during the quarter. It is paying 15 percent interest annually on the notes.

Now traded on the Pink Sheets Exchange after it was delisted last month from Nasdaq, shares closed at $2.33 on Aug. 10, up 3 cents from the prior day’s closing price. The stock has traded from 70 cents to $10.15 over the past 52 weeks.

— Mike Allen

http://www.sdbj.com/news/2010/aug/10/nextwave-posts-71m-quarterly-loss/