NextWave reported revenues from continuing operations of $18.2 million for the third quarter of 2008, versus $10.9 million for the third quarter of 2007, an increase of 67%. For the first nine months of 2008, revenues from continuing operations were $51.5 million compared to $26.4 million for the first nine months of 2007, an increase of 95 percent.
Net loss available to common shares for the third quarter 2008 was $240.8 million, or $2.34 per share, compared to a net loss available to common shares of $107.8 million, or $1.17 per share for the third quarter of 2007. For the first nine months of 2008, net loss available to common shares was $434.8 million, or $4.35 per share, compared to a loss of $229.5 million, or $2.60 per share for the first nine months of 2007.
For the first nine months of 2008, revenues from continuing operations were $51.5 million compared to $26.4 million for the first nine months of 2007, an increase of 95%. For the first nine months of 2008, operating loss was $102.7 million compared to a loss of $108.2 million for the first nine months of 2007, a decrease of 5%.
NextWave reported a loss from operations of $23.6 million for the third quarter of 2008, a decrease of $17.9 million or 43 percent over the third quarter of 2007, primarily due to increased royalties from our Multimedia segment and a $19.3 million gain on sale of wireless spectrum in the quarter ended September 27, 2008, offset with a $6.1 million asset impairment and restructuring charge.
