NextNav

NextNav, Inc. develops next-generation positioning, navigation, and timing solutions. Through its Pinnacle system, it provides floor-level altitude service to devices with a barometric pressure sensor. The company was founded in May 2021 and is headquartered in McLean, VA.

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NextNav reports FY 2022 revenue of $3.9M, eyes growth opportunities

NextNav's Q4 2022 Earnings Call highlighted the company's focus on resilience, strategic acquisitions, and revenue growth opportunities. Despite financial challenges, NextNav's strong partnerships, innovative solutions, and cash reserves position it well for future success. The company's emphasis on cost management, revenue diversification, and global expansion underscores its commitment to sustainable growth.

NextNav secures $50M debt financing, expands network capabilities globally

NextNav's Q1 2023 earnings call highlighted strong financial performance, successful debt financing, and progress in network deployment. The company faces challenges in scaling international initiatives but has opportunities for growth through FCC approvals and resilient P&T activities.

NextNav secures $70M funding, eyes revenue growth amid operational challenges

NextNav's Q2 2023 performance reflects revenue growth potential but with significant operating expenses leading to a net loss.
The company's strengths lie in technology licenses, partnerships, and FCC approvals, positioning it for future growth.
Challenges include managing expenses, maintaining confidentiality, and handling a substantial debt load.
Opportunities exist in revenue growth from agreements, government initiatives, and leveraging the strong financial position for strategic pursuits.

NextNav reports robust revenue growth and strategic government partnerships

NextNav demonstrated strong revenue growth and strategic partnerships in Q3 2023, despite a net loss driven by reduced operating expenses.
The company's focus on PNT resilience solutions aligns with government initiatives, presenting opportunities for further expansion and revenue generation.
Ongoing challenges include the need for clear communication on testing progress and cost management strategies to improve financial performance.

NextNav reports robust Q4 performance, eyes 5G for growth

NextNav's Q4 2023 earnings call highlighted strong performance, strategic leadership, and financial improvements.
While facing challenges in FCC approval and spectrum integration, the company is poised for growth and innovation.
Opportunities in 5G technology, spectrum assets, and market expansion signal a promising future for NextNav.

NextNav reports revenue growth amidst financial challenges and innovation push

NextNav's Q1 2024 performance showed revenue growth YoY but with significant operating expenses and a net loss, highlighting financial challenges.
The company's strategic vision and proposal to the FCC for innovative spectrum solutions demonstrate a commitment to advancing technology while ensuring partner collaboration.
While facing financial hurdles and uncertainties, NextNav's strong cash position and focus on new revenue sources and partnerships offer opportunities for growth and market expansion.

NextNav reports Q2 revenue growth amidst operational challenges

NextNav's Q2 2024 performance showed revenue growth but also highlighted significant operating expenses leading to a net loss. The company's focus on innovative spectrum solutions and strategic hires demonstrates a commitment to long-term success.

NextNav reports revenue growth, regulatory progress, and stakeholder support

NextNav's Q3 performance showed revenue growth and financial stability, with a focus on regulatory progress and stakeholder engagement.
The company's strengths lie in stakeholder support, proactive dialogue with key industries, and a strong commitment to a terrestrial GPS backup.
Challenges include high operating expenses, regulatory dependencies, and managing cash-debt balance, while opportunities exist in regulatory clarity and stakeholder relationships.
Overall, NextNav remains optimistic about its path forward and the importance of a terrestrial GPS complement to address potential disruptions.

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NextNav, Inc. develops next-generation positioning, navigation, and timing solutions. Through its Pinnacle system, it provides floor-level altitude service to devices with a barometric pressure sensor. The company was founded by Ganesh Pattabiraman and Arun Raghupathy in May 2021 and is headquartered in Reston, VA.

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NextNav, Inc. (NN) Q4 2023 Earnings Call Transcript

Announced Transaction to Acquire Additional 900 MHz Spectrum Licenses Mariam Sorond Joins as NextNav CEO MCLEAN, Va., March 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav's fourth quarter and full year ended December 31, 2023.

NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results

New Licenses Cover an Additional 4 MHz in the lower 900 MHz Band NextNav's Combined Spectrum Portfolio will Total 3.5 billion MHz-PoPs at Close MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation.

NextNav To Acquire Additional Lower 900 MHz Band Spectrum Licenses

MCLEAN, Va., March 06, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN), a leader in next generation position, navigation and timing (PNT), today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Wednesday, March 13, 2024, and will host a conference call the same day at 5:00 PM ET to discuss its results.

NextNav Announces Date for Fourth Quarter and Full Year 2023 Earnings Call

Muleta Brings Extensive Spectrum Expertise, Including Several Leadership Roles within the Federal Communications Commission Muleta Brings Extensive Spectrum Expertise, Including Several Leadership Roles within the Federal Communications Commission

NextNav Announces Appointment of John Muleta to Board of Directors

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NextNav Inc. (NASDAQ:NN ) Q3 2023 Results Conference Call November 8, 2023 5:00 PM ET Company Participants Erica Bartsch - Investor Relations Gary Parsons - Chairman Ganesh Pattabiraman - Co-Founder and Chief Executive Officer Chris Gates - Chief Financial Officer Conference Call Participants Griffin Boss - B. Riley Securities Timothy Horan - Oppenheim Operator Ladies and gentlemen, thank you for standing by.

NextNav Inc. (NN) Q3 2023 Earnings Call Transcript

Company to Report Q3 Results on November 8, 2023 MCLEAN, Va. , Oct. 26, 2023 /PRNewswire/ -- NextNav (Nasdaq: NN), a leader in next generation GPS, today announced that it will release its financial results for the second quarter ended September 30, 2023, after the market closes on Wednesday, November 8, 2023, and will host a conference call the same day at 5:00 PM ET to discuss its results.

NextNav Announces Date for Third Quarter 2023 Earnings Call

NextNav Inc. (NASDAQ:NN ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Gary Parsons - Chairman Ganesh Pattabiraman - Co-Founder and Chief Executive Officer Chris Gates - Chief Financial Officer Conference Call Participants Griffin Boss - B. Riley Securities Daniel McDermott - Oppenheimer Operator Good afternoon, everyone, and welcome to NextNav's Second Quarter 2023 Earnings Conference Call.

NextNav Inc. (NN) Q2 2023 Earnings Call Transcript

Closes $70 Million in Debt Financing, Including $50 Million in 2Q 2023 Signs Agreement with Top-Tier Global Chip Manufacturer for Licensing of NextNav Technology   Expands E911 Partner Network with additional Nationwide U.S. Carrier MCLEAN, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav's second quarter ended June 30, 2023.

NextNav Inc. Reports Second Quarter 2023 Results

Company to Report Q2 Results on August 9, 2023 MCLEAN, Va. , July 27, 2023 /PRNewswire/ -- NextNav (Nasdaq: NN), a leader in next generation GPS, today announced that it will release its financial results for the second quarter ended June 30, 2023 after the market closes on Wednesday, August 9, 2023 and will host a conference call the same day at 5:00 PM ET to discuss its results.

NextNav Announces Date for Second Quarter 2023 Earnings Call

San Francisco, Bay Area integration of TerraPoiNT technology with existing LTE and 5G signals demonstrates capabilities of a scalable, resilient alternative PNT source San Francisco, Bay Area integration of TerraPoiNT technology with existing LTE and 5G signals demonstrates capabilities of a scalable, resilient alternative PNT source

NextNav Confirms Successful Initial Tests of Accurate 3D Position, Navigation and Timing Service Leveraging Cellular Infrastructure

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Testbed for Pinnacle Technology is First Milestone to Providing a Resilient 3D PNT Capability in Europe Testbed for Pinnacle Technology is First Milestone to Providing a Resilient 3D PNT Capability in Europe

NextNav Unveils First European Testbed for High-Accuracy Vertical Location Technology

Additional Financing Brings Total Facility to $70 Million at Closing Senior Secured Note Purchases Demonstrate Continued Investor Confidence MCLEAN, Va. , June 12, 2023 /PRNewswire/ -- NextNav Inc. (Nasdaq: NN), a leader in next generation GPS, today announced binding commitments to purchase an additional $20 million aggregate principal amount of 10.00% Senior Secured Notes due December 2026 (the "Additional Notes") as well as an additional 7.4 million common stock purchase warrants to purchase shares of NextNav's common stock (the "Additional Warrants"), under the terms and conditions of the recently-announced $50 million financing, which closed on May 9, 2023 (the "Initial Closing").

NextNav Inc. Announces Additional $20 Million in Debt Financing

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NextNav Inc. (NASDAQ:NN ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Gary Parsons - Chairman Ganesh Pattabiraman - Co-Founder & Chief Executive Officer Chris Gates - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Jamie Perez - RF Lafferty Operator Good afternoon, everyone and welcome to NextNav's First Quarter 2023 Earnings Conference Call.

NextNav Inc. (NN) Q1 2023 Earnings Call Transcript

NextNav Inc. (NN) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.10 per share a year ago.

NextNav Inc. (NN) Reports Q1 Loss, Lags Revenue Estimates

MCLEAN, Va. , May 10, 2023 /PRNewswire/ -- NextNav (Nasdaq: NN), a leader in next generation GPS, today announced that the Company will participate in the following upcoming investor conferences: NextNav Co-founder and Chief Executive Officer, Ganesh Pattabiraman and Chief Financial Officer, Chris Gates will host one-on-one meetings at the Oppenheimer Virtual Emerging Growth Conference on Thursday, May 11, 2023.

NextNav to Participate in Upcoming Conferences

Closes $50 Million Debt Financing; Includes Potential Expansion of Notes up to $80 Million Financing Provides Multiple Years of Funding to Further Enhance Asset Platform FCC Approves Final License Milestones Covering 256 Cellular Market Areas MCLEAN, Va. , May 10, 2023 /PRNewswire/ -- NextNav Inc. (NASDAQ: NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav's first quarter ended March 31, 2022.

NextNav Inc. Reports First Quarter 2023 Results

Facility Includes Potential Expansion of Notes up to $80 million Provides Multiple Years of Funding to Enhance Asset Platform MCLEAN, Va. , May 10, 2023 /PRNewswire/ -- NextNav Inc. (Nasdaq: NN), a leader in next generation GPS, today announced the closing of a private offering (the "Offering") of $50 million aggregate principal amount of 10.00% Senior Secured First Lien Notes (the "Notes") due December 2026 to a group of lenders (the "Lenders"), including Whitebox Advisors LLC, Susquehanna International Group, and Clutterbuck Capital Management, on May 9, 2023.

NextNav Inc. Closes $50 Million Debt Financing

Pinnacle software provides life-saving vertical location capabilities for emergency service providers and 911 callers MCLEAN, Va. , April 28, 2023 /PRNewswire/ -- Mobile phone developer Hot Pepper Mobile has debuted its Tabasco flip feature phone , bringing NextNav's Pinnacle vertical location technology to new customers nationwide.

NextNav Pinnacle Z-Axis Technology Now Available on Hot Pepper Mobile's Tabasco Phone

Company to Report Q1 Results on May 10, 2023 MCLEAN, Va. , April 27, 2023 /PRNewswire/ -- NextNav (Nasdaq: NN), a leader in next generation GPS, today announced that it will release its financial results for the first quarter ended March 31, 2023, after the market closes on Wednesday, May 10, 2023, and will host a conference call the same day at 5:00 PM ET to discuss its results.

News for NextNav Stock (NN)