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 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.
NextNav (Nasdaq: NN) co-founder and CTO Arun Raghupathy has received the Distinguished Alumni Award from the University of Maryland's Department of Electrical and Computer Engineering. As CTO, Raghupathy leads NextNav's engineering efforts across Systems, Algorithms, Hardware, Firmware and Software domains, contributing to the company's PNT and 3D geolocation technologies with over 50 issued patents. His prior experience includes key roles at Qualcomm and Texas Instruments, where he made significant contributions to cellular modem and GPS technology development.
NextNav Inc. (NASDAQ: NN) reported Q3 2024 financial results with revenue of $1.6 million, up from $1.0 million in Q3 2023. The company posted an operating loss of $13.9 million and a net loss of $13.6 million. A key highlight was The Brattle Group's report valuing a GPS backup system at $14.6 billion, comprising a $10.8 billion insurance policy against GPS outages and $3.8 billion in resiliency benefits. The company ended the quarter with $86.8 million in cash and equivalents and $53.0 million in net debt. NextNav continues to engage with stakeholders regarding its petition for a terrestrial PNT solution in the Lower 900 MHz Band.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, has announced its upcoming third quarter 2024 earnings call. The company will release its financial results for the quarter ended September 30, 2024, after market close on Wednesday, November 13, 2024. A conference call will be held the same day at 5:00 PM ET to discuss the results.
Interested parties can register for the call at the provided website. After registration, participants will receive call details and a registrant ID. The call will also be available via live webcast on NextNav's investor relations website. A replay of the call will be accessible through November 20, 2024, via phone or the company's website.
NextNav Inc. (NASDAQ: NN) reported Q2 2024 results, highlighting progress in strategic initiatives. Key developments include:
1. FCC's public notice seeking comments on NextNav's petition for rulemaking in the Lower 900 MHz band.
2. $1.9 million DOT award to test NextNav's PNT technology as a GPS complement and backup.
3. Appointment of Nicola Palmer to the Board of Directors.
Financial highlights:
- Q2 revenue: $1.1 million (up from $800,000 in Q2 2023)
- Q2 operating loss: $15.3 million
- Q2 net loss: $24.4 million
- Cash and equivalents: $86.3 million as of June 30, 2024
- Debt: $51.4 million net of unamortized discount
NextNav (Nasdaq: NN) announced that the FCC has released a public notice seeking comment on its innovative spectrum solution in the Lower 900 MHz band. This follows NextNav's April 16 rulemaking petition to reconfigure the band and adopt new rules for a terrestrial 3D PNT network to complement and back up GPS. The proposed rearrangement would also free up 15 MHz of low-band spectrum for 5G broadband while protecting incumbent operations.
NextNav CEO Mariam Sorond emphasized the importance of providing a GPS complement and backup for daily services, emergency caller location, and national security needs. The FCC has requested public comments due September 5, 2024, with reply comments due September 20, 2024. As the primary geographic licensee in the Lower 900 MHz Band, NextNav aims to utilize its expertise to develop PNT services and unlock spectrum potential.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, has announced its participation in Oppenheimer's 27th Annual Virtual Technology, Internet & Communications Conference. The event is scheduled for August 13, 2024.
Key details:
- CEO Mariam Sorond and CFO Chris Gates will represent NextNav
- Presentation time: 8:15 AM ET
- One-on-one meetings will be available
- A live webcast of the presentation can be accessed on NextNav's investor relations website
This conference provides NextNav an opportunity to showcase its innovative PNT and 3D geolocation technologies to potential investors and industry peers.