NextNav reports Q4 revenue $1.9M, consensus $1.73M

As of December 31, 2024, the company had $80.1M in cash, cash equivalents, and short-term investments and has $54.6M in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70M. Mariam Sorond, NextNav (NN) CEO said, “2024 was a pivotal year for NextNav as we established a strong foundation to advance our vision for a terrestrial complement and backup to GPS. We made significant progress through our regulatory efforts and our engagement in engineer-to-engineer dialogue with key stakeholders.”