Welcome to our dedicated page for Nextnav news (Ticker: NNAVW), a resource for investors and traders seeking the latest updates and insights on Nextnav stock.
NextNav Inc (NNAVW) is a terrestrial navigation leader providing 3D geolocation and positioning solutions where traditional GPS fails. This page aggregates official news and press releases about their spectrum-based PNT technology, strategic partnerships, and market developments.
Investors and industry professionals will find timely updates on earnings reports, regulatory milestones, and product innovations. Key coverage areas: spectrum licensing progress, 5G integration initiatives, and deployments supporting emergency services or critical infrastructure.
All content is sourced directly from company communications and verified financial channels. Bookmark this page to monitor NextNav’s advancements in resilient location services and their expanding role in next-generation navigation ecosystems.
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.
NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, has announced its second quarter 2024 earnings call schedule. The company will release its financial results for the quarter ended June 30, 2024, after market close on Wednesday, August 7, 2024. A conference call will follow at 5:00 PM ET on the same day to discuss the results.
Interested parties can register for the conference call through a provided website link. Alternatively, a live webcast will be available on NextNav's investor relations website. A replay of the call will be accessible via phone through August 14, 2024, by dialing specific numbers for U.S. and international callers.
NextNav (Nasdaq: NN), a leader in advanced positioning, navigation, timing (PNT) and 3D geolocation, has been awarded a contract by the U.S. Department of Transportation (U.S. DOT) to test its 3D PNT technology. This technology aims to provide essential PNT services when GPS is unavailable or compromised due to environmental or other disruptions. The award, part of the U.S. DOT's Complementary PNT Action Plan, highlights the capability of NextNav's terrestrial solutions to serve as a reliable backup to GPS.
NextNav's technology, recognized as the best-performing PNT technology by the U.S. DOT in 2021, offers accurate 3D positioning in various environments, including urban and indoor locations. It also features a timing source to maintain functionality when GPS is impaired. This initiative aligns with NextNav's goal to support national security, economic stability, and public safety through robust PNT solutions.
NextNav (Nasdaq: NN) has appointed Nicola Palmer to its Board of Directors, effective June 24, 2024. Palmer, a former Verizon executive with extensive experience in 5G development and growth, will also serve on the Audit Committee. This brings the total number of directors to seven. Palmer's background includes significant roles at Verizon, where she served as Chief Product Officer, CTO, Chief Engineering Officer, and Head of Wireless Networks. She holds degrees from Penn State and the Wharton School. Palmer has been widely recognized in the industry and is an advocate for STEM careers, especially for young women.
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