Welcome to our dedicated page for Nextnav news (Ticker: NN), a resource for investors and traders seeking the latest updates and insights on Nextnav stock.
NextNav Inc. (Nasdaq: NN) is frequently in the news for developments in next-generation 3D Positioning, Navigation, and Timing (PNT) and terrestrial GPS backup technologies. This page aggregates press releases and third-party coverage related to the company’s spectrum strategy, technology milestones, partnerships, and financial reporting, giving readers a focused view of how NextNav’s business is evolving over time.
Recent news has highlighted NextNav’s progress in 5G-based PNT, including the planned operation of a 5G PNT network in Santa Clara County, California, which the company describes as a real-world demonstration of a 5G-powered backup to GPS. Other articles cover demonstrations of Positioning Reference Signal (PRS)-based PNT on standard 5G equipment, showing how timing and positioning can be delivered alongside broadband data services using licensed spectrum in the Lower 900 MHz band.
Coverage also includes partnership announcements, such as an expanded strategic and technology collaboration with Tokyo-based MetCom, Inc., where MetCom has licensed NextNav’s 5G-based 3D PNT technology to support terrestrial timing services in major Japanese metropolitan areas. Additional news items describe the integration of NextNav’s 5G-based timing with an Oscilloquartz GNSS-enabled grandmaster clock, aimed at providing resilient timing outputs for critical infrastructure applications.
Investors and observers will also find updates on spectrum acquisitions, including the closing of an agreement to acquire additional M-LMS licenses in the Lower 900 MHz band, as well as SEC-reportable events such as quarterly results and executive appointments. By following this news feed, readers can monitor how NextNav advances its terrestrial PNT solutions, manages its spectrum assets, and reports on its financial and operational milestones.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing and 3D geolocation, has scheduled its first quarter 2025 earnings release and conference call. The company will announce Q1 2025 financial results before market open on Friday, May 9, 2025, followed by a conference call at 9:00 AM ET the same day.
Participants can register for the conference call through a dedicated registration website. After registration, attendees will receive call details and a registrant ID. The earnings call will also be accessible via live webcast on NextNav's investor relations website. A replay of the call will be available through May 16, 2025.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing and 3D geolocation, has scheduled its first quarter 2025 earnings release for May 7, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day to discuss the financial results for Q1 ending March 31, 2025.
Participants can register for the conference call through a dedicated website, after which they will receive call details and a registrant ID. The earnings call will also be accessible via live webcast on NextNav's investor relations website. A replay of the call will be available through May 14, 2025.
NextNav (NASDAQ: NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, has successfully closed a $190 million private placement of 5% redeemable senior secured convertible notes due 2028. The company received net proceeds of approximately $188.6 million after deducting fees and expenses.
The company plans to use part of these proceeds to redeem its existing $70 million aggregate principal amount of 10% Senior Secured Notes due 2026. The redemption will be executed at 101% of the principal amount plus any accrued and unpaid interest.
NextNav (NASDAQ: NN) has announced a significant financial transaction involving $190 million of 5% redeemable senior secured convertible notes due June 30, 2028. The deal is led by M-Cor Capital, and Fortress Investment Group. Approximately $70 million of the proceeds will be used to redeem existing 10% Senior Secured Notes due December 1, 2026.
The new notes will have a conversion price of $12.56 per share, representing a 20% premium to the trailing 10-day closing price average prior to March 11, 2025. The notes become redeemable after one year if NextNav's stock price exceeds 160% of the conversion price for at least 20 days within any 30-day trading period.
At closing, both M-Cor and Fortress will receive warrants to purchase shares at various price points: 1.5 million shares at $20, 950,000 shares at $17, and 1.45 million shares at $12.56. The transaction is expected to close around March 31, 2025.
NextNav (NASDAQ: NN) reported its Q4 and full year 2024 financial results, highlighting progress in GPS complement and backup solutions. Q4 revenue reached $1.9M (vs $1.2M in prior year), while full-year revenue was $5.7M (vs $3.9M in 2023). The company reported a Q4 operating loss of $14.8M and a net loss of $32.3M.
Key operational highlights include successful lab and field demonstrations of their 5G PRS-based PNT technology, and the release of a bipartisan poll showing strong support for GPS backup systems. The company ended 2024 with $80.1M in cash and equivalents, carrying $54.6M in net debt.
The FCC, under Chairman Carr, issued a Notice of Inquiry emphasizing the need for GPS complement and backup systems, marking a significant regulatory milestone for NextNav's strategic initiatives.
NextNav, a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, has released a new national Public Policy Polling survey showing overwhelming bipartisan support for creating a ground-based complement and backup to GPS. The poll reveals that voters support this initiative by a margin of ten-to-one across various demographic categories.
Key findings from the survey of 1,133 registered voters include:
- 83% find GPS backup important for public safety and first responder effectiveness
- 82% consider it important for American commerce and national security
- 81% believe it necessary to compete with China
- 81% support GPS backup given that an outage would cost the economy $1.6 billion daily
Additionally, 68% of voters agree that creating a GPS backup represents an urgent national security need, with only 12% disagreeing. The survey, conducted January 24-25, 2025, has a margin of error of +/- 2.9%.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing and 3D geolocation, has scheduled its fourth quarter and full year 2024 earnings release for March 12, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day to discuss the results.
Participants can register for the conference call through a dedicated registration website. The earnings call will also be available via live webcast on NextNav's investor relations website. A replay of the call will be accessible through March 19, 2025.
NextNav (Nasdaq: NN) has submitted a comprehensive study to the FCC demonstrating that 5G operations can successfully coexist with unlicensed devices in the Lower 900 MHz band. The 66-page study reveals that 5G deployment would not cause unacceptable interference to Part 15 devices.
Key findings from the study conducted in San Francisco show that:
- 5G would produce lower emissions than NextNav's authorized legacy M-LMS location service
- The Lower 900 MHz band is dominated by intra- and inter-Part 15 contention, with 5G's contribution being negligible
- Indoor unlicensed signals are significantly stronger than 5G operations in most locations
The study analyzed five unlicensed technologies: LoRaWAN, RAIN RFID, Wi-Fi HaLow, Wi-SUN, and Z-Wave. NextNav has also retained a testing firm for joint testing with railroad licensees and is in discussions with toll operators to evaluate coexistence scenarios.
NextNav (Nasdaq: NN) has successfully completed lab and field demonstrations of its Positioning, Navigation, and Timing (PNT) solution using Positioning Reference Signal (PRS) standards in 5G waveforms. The tests, conducted in Palo Alto, California using NextNav's existing spectrum, validated precise timing synchronization and positioning capabilities.
The achievement marks a significant step toward developing a terrestrial complement and backup to GPS signals through 5G networks. NextNav has petitioned the FCC to reconfigure the Lower 900 MHz band to enable a 5G-based terrestrial 3D PNT solution while supporting 5G broadband deployment.
The company will showcase this technology and host industry discussions at Mobile World Congress Barcelona 2025.
NextNav Inc. (NASDAQ: NN) has appointed Renee Gregory as Vice President of Regulatory Affairs to lead the company's FCC regulatory approval process and compliance work. Gregory brings over 20 years of experience from both government and private sectors, including roles at the White House Office of Science and Technology Policy, National Telecommunications and Information Administration, and Federal Communications Commission.
In her new role, Gregory will be instrumental in advancing NextNav's mission to provide next-generation location technologies and a terrestrial complement to GPS for national security. The company has petitioned the FCC to reconfigure the Lower 900 MHz band to enable a 5G-based terrestrial 3D PNT service that can serve as a GPS backup while supporting 5G broadband deployment.