NextNav Inc
NN
ISIN null / Valor 114572674
NextNav Inc
UMushroom community rating:
About company
NextNav Inc. is a technology company specializing in advanced position, navigation, and timing (PNT) solutions that provide precise 3D geolocation services. Utilizing a dedicated terrestrial network, NextNav's technology offers resilient location data with x, y, and z coordinates, as well as timing information, which is effective both indoors and outdoors across various environments, including urban and rural areas. The company has developed Pinnacle, a vertical location technology that delivers floor-level accuracy, and has initiated a testbed for this technology in Paris. NextNav's innovations aim to enhance the ecosystem of location-based applications and services, providing a robust alternative and complement to the Global Positioning System (GPS). The company is actively involved in regulatory discussions, having filed comments with the Federal Communications Commission to support the reconfiguration of the lower 900 MHz band to facilitate a terrestrial PNT network.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (10.10.2025):
NextNav Inc reported its financial results for the fourth quarter and full year ended December 31, 2024. The company experienced growth in revenue and a reduction in both operating and net losses compared to the previous year, driven by increased service contracts and improved expense management.
Revenue Growth
For the three months ended December 31, 2024, NextNav Inc reported revenue of $1.9 million, up from $1.2 million in the same period last year. For the full year, revenue increased to $5.7 million from $3.9 million in 2023, primarily driven by higher service revenue from technology and services contracts with government and commercial customers.
Operating Loss Reduction
The operating loss for the three months ended December 31, 2024, was $14.8 million, decreasing from $19.9 million in the prior year. For the full year, operating loss was $60.1 million, down from $63.5 million last year, primarily due to lower stock-based compensation expenses.
Net Loss Details
NextNav Inc reported a net loss of $32.3 million for the three months ended December 31, 2024, compared to a net loss of $16.4 million in the prior year period. For the full year, the net loss was $101.9 million, including losses related to the change in fair value of warrants and liabilities from the Telesaurus asset purchase, compared to a net loss of $71.7 million in 2023.
Balance Sheet Strength
As of December 31, 2024, NextNav Inc held $80.1 million in cash, cash equivalents, and short-term investments, and had $54.6 million in net debt, supporting the company’s ongoing operations and strategic initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1665 M
Market cap (USD)
709,707
Daily traded volume (Shares)
17.02 / 16.02
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Valerie Sandy
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