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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 and RadioIP announced the commercial launch of the Armada™ VPN Client and Synopsis Control Center, integrating z-axis vertical location intelligence via NextNav's Pinnacle technology. The solution aims to enhance security and situational awareness for first responders, enabling precise tracking in complex urban environments. This launch responds to rising threats to communications systems, providing encryption and safeguarding personnel locations against cyber intrusions. The Pinnacle network, covering 4,400 cities, captures 90% of buildings over three stories, facilitating improved emergency response through enhanced caller geolocation for 9-1-1 services.

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NextNav, a leader in next-generation GPS technology, has announced that STMicroelectronics will join its NextNav Certified barometer program. This initiative, launched in 2021, focuses on validating sensor performance through rigorous testing in real-world scenarios. With STMicroelectronics' participation, manufacturers can use their barometric sensors with enhanced assurance, backed by independent performance data. ST's sensors utilize advanced Micro-Electro-Mechanical Systems (MEMS) technology for accurate pressure measurement, supporting applications in personal electronics, wearables, and automotive sectors. This partnership aims to improve vertical location services, a growing necessity across various industries.

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NextNav announced the certification of the Goertek Microelectronics SPL07-003 digital barometric pressure sensor. This independent verification improves the quality and consistency of digital pressure sensors, benefiting applications in mobile devices, wearables, and IoT. The sensor offers high accuracy in altitude detection, crucial for emergency services. The NextNav Certified program establishes performance benchmarks to ensure sensor reliability and facilitate adoption by manufacturers, enhancing overall user experience and location services.

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NextNav (Nasdaq: NN) announced its selection by NASA's Ames Research Center to provide PNT services for urban drone programs using its TerraPoiNT network in the San Francisco Bay Area. This expansion from previous collaborations will support drone flight safety by capturing critical in-flight data for navigation and collision avoidance. Initial tests will enable Beyond Visual Line of Sight operation, highlighting the network's resilience in GPS-denied environments. CEO Ganesh Pattabiraman expressed enthusiasm for the partnership, underscoring TerraPoiNT's applicability in urban markets.

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NextNav partners with Convey911 to enhance emergency response through vertical location services. The collaboration aims to support first responders by providing critical z-axis data, enabling agencies to locate individuals quickly, regardless of language barriers. Convey911 allows users to communicate in over 135 languages, improving response times in emergencies. This integration of location intelligence enhances situational awareness for 911 services across the U.S., covering 4,400 cities and 90% of buildings taller than three stories.

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RadioIP has partnered with NextNav to incorporate z-axis location intelligence into its mobile VPN solutions, enhancing location security for first responders and security personnel in multistory environments. This partnership allows precise tracking in urban areas, improving situational awareness without compromising mission security. The NextNav Pinnacle network provides vertical location in 4,400 cities across the U.S., supporting critical public safety operations. This collaboration aims to enhance connectivity and security for agencies, reflecting growing needs for advanced mobile communication solutions.

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NextNav Inc. (NASDAQ: NN) announced that executives sold about 796,000 shares on November 15, 2022, primarily to cover tax obligations from restricted stock units vesting. Executive members involved include Chairman Gary Parsons, CEO Ganesh Pattabiraman, and others. Concurrently, entities controlled by Director Neil Subin acquired approximately 280,000 shares. The company remains focused on its strategic priorities, including enhancing its 3D geolocation capabilities, supported by its recent acquisition of Nestwave SAS. This merger aims to lower deployment costs and improve spectral efficiency.

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NextNav Inc. (NASDAQ: NN) reported its third-quarter financial results on November 10, 2022. The company closed its acquisition of Nestwave SAS on October 31, 2022, which is expected to reduce TerraPoiNT deployment costs by approximately 75%. Revenues increased to $503K from $276K year-over-year, while operating losses widened to $17.9 million, up from $7.0 million. The firm remains debt-free with $71.8 million in cash. Additionally, NextNav launched its Pinnacle service in Tokyo on November 9, 2022, marking its first large-scale deployment outside the U.S.

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NextNav Inc. announced the acquisition of Nestwave SAS for $18 million, with a gross consideration of $19.3 million, closing on October 31, 2022. The acquisition aims to optimize NextNav's use of its 900MHz spectrum, significantly decreasing deployment costs by approximately 75% or over $250 million. This move is expected to accelerate the rollout of NextNav’s TerraPoiNT system, providing enhanced GPS backup and positioning capabilities in the US and globally. The company plans to improve its presence in European markets through this acquisition.

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NextNav (Nasdaq: NN) will report its Q3 2022 financial results on November 10, 2022, after market close. A conference call to discuss the results will take place at 5:00 PM ET on the same day. Investors can register for the call online and access a live webcast through the company's investor relations website. NextNav specializes in next-generation GPS technology, providing vertical location services via its Pinnacle and TerraPoiNT networks, enhancing geolocation technology for various applications.

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FAQ

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

The current stock price of NextNav (NN) is $15.87 as of November 22, 2024.

What is the market cap of NextNav (NN)?

The market cap of NextNav (NN) is approximately 2.1B.

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

2.06B
81.51M
36.17%
53.93%
10.75%
Software - Infrastructure
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States of America
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