NextNav (NN) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the NexNav First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer I would now like to turn the conference over to Nevin Riley. You may begin. Speaker1 G ...

1 21% am rendt r D t B ● e NEXTNAV Disclaimer Industry and Market Information Information contained in this Presentation concerning NextNav's industry and the markets in which it operates. including NextNav's general expectations and market position, market opportunity and market size, is based on information from NextNav's management's estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. In some cases, we may not expressly r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40985 NextNav Inc. (Exact name of registrant as specified in its charter) | Delaware | 87-0854654 | | --- | --- | | (State or ...

Exhibit 99.1 NextNav Inc. Reports First Quarter 2025 Results and Operational Highlights FCC releases Notice of Inquiry (NOI) with bipartisan 4-0 vote NextNav Announces Appointment of Rear Admirals H. Wyman Howard and Lorin Selby to its Board of Directors RESTON, Va., May 9, 2025 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended March 31, 202 ...

FCC releases Notice of Inquiry (NOI) with bipartisan 4-0 vote NextNav Announces Appointment of Rear Admirals H. Wyman Howard and Lorin Selby to its Board of Directors RESTON, Va., May 09, 2025 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended March 31, 2025. “During the quarter we saw continued FCC momentum with a unanimous vote in March to ...

Company Overview - NextNav Inc. (NASDAQ:NN) is a leader in next-generation positioning, navigation, and timing (PNT), focusing on 3D geolocation and PNT technology [4] Financial Results Announcement - NextNav will release its financial results for the first quarter ended March 31, 2025, before market open on May 9, 2025 [1] - A conference call to discuss the results will be held on the same day at 9:00 AM ET [1] Conference Call Registration - Registration for the conference call can be completed via a designated website [2] - Participants will receive call details and a registrant ID after registering [2] Webcast Access - The conference call will be available via a live webcast, and a replay will be accessible until May 16, 2025 [3] - Participants can register for replay details to receive access codes [3]

RESTON, Va., April 14, 2025 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that it will release its financial results for the first quarter ended March 31, 2025 after the market closes on Wednesday, May 7, 2025, and will host a conference call on the same day at 5:00 PM ET to discuss its results. Registration for the conference call can be completed by visiting the following website prior to, or on the day of, t ...

RESTON, Va., March 27, 2025 (GLOBE NEWSWIRE) -- NextNav Inc. (the "Company" or “NextNav”) [NASDAQ: NN], a leader in next-generation positioning, navigation, and timing (“PNT”) and 3D geolocation, today announced the successful closing of the previously announced private placement of $190 million of 5% redeemable senior secured convertible notes due 2028 (“the Private Placement”). The net proceeds from the Private Placement were approximately $188.6 million after deducting certain fees and expenses (the “Net ...

NextNav (NN) Q4 2024 Earnings Call March 13, 2025 03:50 AM ET Company Participants None - ExecutiveMariam Sorond - Chairman & CEOChristian Gates - Chief Financial OfficerMike Crawford - SMD & Head of Discovery Group Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today. At this time, I would like to welcome everyone to the NextNav Fourth Quarter twenty twenty four Earnings Conference Call. All lines have been placed on mute to prevent any backg ...

Financial Performance - Revenue increased by $1.8 million, or 46.8%, to $5.7 million for the year ended December 31, 2024, compared to $3.9 million for the year ended December 31, 2023[223]. - The net loss for the year ended December 31, 2024, was $101.9 million, compared to a net loss of $71.7 million for the year ended December 31, 2023[221]. - Net losses for 2024 were $101.9 million, compared to $71.7 million in 2023, reflecting ongoing financial challenges[231]. - Cash and cash equivalents and marketable securities totaled $80.1 million as of December 31, 2024, with an accumulated deficit of $862.1 million[231]. - Net cash used in operating activities was $38.0 million in 2024, up from $35.4 million in 2023, driven by increased net losses and non-cash charges[236][237]. - Net cash provided by financing activities was $35.1 million in 2024, down from $69.0 million in 2023, reflecting changes in capital raising activities[240]. Expenses - Cost of Goods Sold (COGS) decreased by $2.0 million, or 15.4%, to $10.8 million for the year ended December 31, 2024, from $12.7 million for the year ended December 31, 2023[224]. - Research and development expenses decreased by $3.3 million, or 16.7%, to $16.2 million for the year ended December 31, 2024, from $19.5 million for the year ended December 31, 2023[226]. - Selling, general and administrative expenses increased to $33.5 million for the year ended December 31, 2024, compared to $30.3 million for the year ended December 31, 2023[221]. - Selling, general and administrative expenses increased by $3.2 million, or 10.5%, to $33.5 million in 2024 from $30.3 million in 2023[227]. - Depreciation and amortization expenses rose by $0.4 million, or 8.6%, to $5.2 million in 2024 from $4.8 million in 2023, primarily due to new network assets placed in service[228]. - Interest expense, net of interest income, increased by $5.7 million, or 156.6%, to $9.4 million in 2024 from $3.7 million in 2023, attributed to senior secured notes issued in 2023[229]. - Other expenses surged by $27.9 million, or 645.4%, to $32.2 million in 2024 compared to $4.3 million in 2023, mainly due to changes in the fair value of warrants[230]. Assets and Liabilities - Accounts receivable as of December 31, 2024, was $3.3 million, up from $2.3 million as of December 31, 2023[223]. - The company reported long-term debt of $54.6 million with a fixed interest rate of 10% per annum[258]. - As of December 31, 2024, the company had cash and cash equivalents and short-term marketable securities totaling $80.1 million[257]. Market Position and Strategy - The company has been granted more than 145 patents related to its systems and services, enhancing its competitive position in the market[208]. - The company signed an agreement to acquire an additional 4 MHz of M-LMS licenses, subject to regulatory approvals, to expand its spectrum assets[208]. - The Pinnacle solution covers over 90% of commercial structures over three stories in the U.S., primarily used for public safety applications[211]. - TerraPoiNT received the highest scores in testing by the Department of Transportation regarding potential PNT backup solutions[212]. Future Outlook - The company expects to incur additional losses and higher operating expenses in the foreseeable future as it invests in research and development and expands its PNT networks[231]. - The company will maintain its status as an emerging growth company until at least December 31, 2025, unless certain revenue or debt thresholds are met[256]. Risk Management - The company believes that inflation and supply chain challenges have not significantly impacted its revenue and cost of services to date[260]. - The company has minimal credit risk associated with cash and cash equivalents, as it deposits funds with financially sound institutions[259]. - A hypothetical 10% change in interest rates would not materially impact the company's consolidated financial statements[257]. - The company invests excess cash in U.S. government and agency bonds, and money market funds to minimize banking risk[259]. - The company’s exposure to market risk primarily relates to cash and investments in marketable securities[257]. - The company has not experienced significant fluctuations in the fair value of its investments due to the short-term nature of these instruments[257].