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NextNav Inc. - NN STOCK NEWS

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 a pioneering technology company specializing in next-generation Position, Navigation, and Timing (PNT) services. Headquartered in McLean, Virginia, NextNav is transforming the landscape of geolocation with its cutting-edge solutions designed to provide precise and resilient 3D positioning. Unlike traditional GPS systems, NextNav's technology delivers accurate location data even in environments where satellite signals fall short, such as inside buildings and densely populated urban areas.

NextNav's flagship solutions include the TerraPoiNT system, which ensures continuity of critical infrastructure by offering reliable PNT services in scenarios where GPS might be compromised. Another notable product is Pinnacle, which provides highly accurate vertical positioning, reflecting the 3D world around us and supporting innovative applications ranging from public safety to commercial uses.

Recently, NextNav made headlines by acquiring additional spectrum licenses in the lower 900 MHz band from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. This expansion adds 4 MHz to their existing portfolio, totaling 3.5 billion MHz-PoPs of low-band spectrum. This acquisition, subject to regulatory approvals including by the FCC, enhances NextNav's capacity to deliver robust PNT services and 5G broadband solutions.

Financially, NextNav reported solid results for the first quarter of 2024 under the leadership of CEO Mariam Sorond, reflecting the company's strategic advancements and operational effectiveness. Their commitment to innovation is further underscored by the recent petition to the FCC to reconfigure the Lower 900 MHz band to facilitate enhanced terrestrial PNT networks and broadband services.

NextNav’s vision is supported by a dedicated team of experts and a strong network of partners. The company's collaborative approach is evident in its numerous partnerships aimed at leveraging its PNT capabilities to address national security, public safety, and commercial needs. For more information, visit the company’s investor relations website at NextNav IR or follow them on Twitter and LinkedIn.

To stay up-to-date with the latest developments and financial performance, NextNav offers regular updates through conference calls and live webcasts. Details for these events can be found on their website, ensuring stakeholders remain informed about the company’s progress and strategic initiatives.

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NextNav announced the appointment of Dr. Sanyogita Shamsunder as its new Chief Operating Officer, effective May 9, 2024. With over 20 years of experience in technology and innovation, she will oversee business development, strategy, product, software, program, operations, and IT. This move is aimed at advancing NextNav's efforts in providing a 3D terrestrial positioning, navigation, and timing solution as a complement and backup to GPS, while also supporting spectrum for 5G broadband.

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NextNav (NN) announced the date for its First Quarter 2024 Earnings Call, scheduled for May 8, 2024, after the market closes. The company specializes in next-generation positioning, navigation, timing, and 3D geolocation. Registration for the conference call is available online, with call details and a registrant ID provided upon registration. Participants can also access the call via live webcast or phone replay until May 15, 2024.
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NextNav files FCC petition for rulemaking to rearrange the Lower 900 MHz band for a terrestrial PNT network and broadband services. The company aims to provide a backup to GPS and offer 15 MHz of low-band spectrum for 5G, emphasizing national security and public safety.
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NextNav Inc. schedules its 2024 Annual Meeting for May 16, 2024, with March 28, 2024, as the record date for shareholders. The meeting aims to address key decisions and updates for the company's future.
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NextNav Inc. (NN) reported financial results for Q4 and full year 2023, with revenue at $1.2 million and $3.9 million respectively. The company acquired additional 900 MHz spectrum licenses, bringing total spectrum assets to 3.5 billion MHz-PoPs. Mariam Sorond became the new CEO, aiming to enhance PNT technology. Financially, operating loss was $19.9 million and net loss was $16.4 million in Q4 2023. The company had $81.9 million in cash as of December 31, 2023.
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NextNav (NN) acquires additional spectrum licenses in the lower 900 MHz band, totaling 3.5 billion MHz-PoPs at close, for up to $50 million. The acquisition aims to enhance NextNav's positioning, navigation, and timing services.
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NextNav (NN) will release its financial results for Q4 and full year 2023 on March 13, 2024, followed by a conference call to discuss the results. Registration details and webcast information are available on the company's investor relations website.
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NextNav (NN) appoints John Muleta, a former FCC executive, to its Board of Directors, bringing extensive expertise in wireless policies and spectrum allocation. Muleta's track record in both public and private sectors makes him a valuable addition to the company's board. With a background in technology transfer and global infrastructure deployment, Muleta's knowledge and experience will be instrumental in advancing NextNav's technologies in 3D geolocation and PNT solutions.
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NextNav Inc. (NASDAQ: NN) announced the appointment of Mariam Sorond as the new CEO, effective November 29, 2023. Co-Founder and current CEO Ganesh Pattabiraman will step down and serve as a senior advisor for two years. Mariam Sorond brings over 28 years of experience in the telecommunications industry with a proven track record of evolving telecommunication technology and strategy. She will also join NextNav’s Board of Directors upon assuming her new role as CEO.
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NextNav Inc. (NASDAQ: NN) reported financial results for Q3 2023, including a new contract supporting the federal government’s GPS/PNT efforts, deployment of a 5G test network in Palo Alto, and the expectation of Pinnacle-enabled devices on five wireless carriers. Revenue increased to $1.0 million in Q3 2023 from $503,000 in the prior year period, while operating loss decreased to $14.6 million from $17.9 million.
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FAQ

What is the current stock price of NextNav (NN)?

The current stock price of NextNav (NN) is $12.87 as of November 4, 2024.

What is the market cap of NextNav (NN)?

The market cap of NextNav (NN) is approximately 1.6B.

What is NextNav Inc. known for?

NextNav Inc. specializes in next-generation Position, Navigation, and Timing (PNT) services and provides accurate geolocation even in challenging environments where GPS signals are unavailable.

What is the TerraPoiNT system?

The TerraPoiNT system is NextNav’s solution for ensuring critical infrastructure resilience by providing reliable PNT services in the absence or failure of GPS.

How does NextNav's Pinnacle service work?

Pinnacle offers highly accurate vertical positioning, supporting a range of applications that require precise 3D location data, such as public safety and commercial use cases.

What recent acquisitions has NextNav made?

NextNav recently acquired additional spectrum licenses in the lower 900 MHz band from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation, expanding their capacity to deliver PNT and 5G services.

Who is the CEO of NextNav Inc.?

Mariam Sorond is the CEO of NextNav Inc., leading the company with a focus on innovation and strategic growth.

Where can I find the latest financial results for NextNav?

NextNav's latest financial results are available on their investor relations website at https://ir.nextnav.com/.

How can I access NextNav's conference calls and webcasts?

Details for NextNav's conference calls and webcasts can be found on their investor relations website, ensuring stakeholders remain informed about the company’s progress.

What are NextNav’s plans for the 900 MHz spectrum?

NextNav plans to use the 900 MHz spectrum to enhance its PNT services and facilitate 5G broadband solutions, addressing challenges in national security and public safety.

How does NextNav contribute to national security?

NextNav provides resilient PNT services that serve as a critical backup to GPS, helping to secure national infrastructure against jamming, spoofing, and other threats.

Where can I follow NextNav for updates?

You can follow NextNav on Twitter at https://twitter.com/nextnav and LinkedIn at https://www.linkedin.com/company/nextnav for the latest updates.

NextNav Inc.

Nasdaq:NN

NN Rankings

NN Stock Data

1.57B
126.32M
36.9%
49.78%
11.33%
Software - Infrastructure
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
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