FCC Progress and License Acquisition
The FCC granted its consent for licenses to be assigned to NextNav, allowing the completion of the license assignment for the lower 900 megahertz A Block. This included a waiver for a rule that usually forbids one licensee from holding both an A block license and a B or C block license in the same area.
Revenue Growth
NextNav's revenue for the second quarter was $1.2 million, a slight increase from $1.1 million in the same period last year. For the first half of 2025, revenue was $2.7 million compared to $2.2 million in the prior year, primarily driven by increased service revenue from contracts.
Strong Cash Position
The company ended the second quarter with $176.1 million in cash, cash equivalents, and short-term investments, highlighting a strong liquidity position.
Strategic Partnerships
NextNav announced partnerships with Adtran and Oscilloquartz to integrate next-gen technology into multisource timing receivers, demonstrating improved resiliency through 5G-based timing.
Advocacy for GPS Resiliency
NextNav is actively advocating for a terrestrial complement and backup to GPS, citing national security and public safety as critical priorities.