FCC License Acquisition
NextNav was granted consent by the FCC for licenses in the lower 900 MHz A Block, which includes a waiver allowing them to hold licenses across A, B, and C blocks in the same area. This is seen as a significant step for public interest benefits and development of the M-LMS band.
Increased Revenue
NextNav's revenue for the second quarter of 2025 increased to $1.2 million from $1.1 million in the prior year, driven by growth in service revenue from technology and services contracts.
Cash Position
NextNav ended the second quarter with $176.1 million in cash, cash equivalents, and short-term investments, indicating strong liquidity.
Advocacy for GPS Backup Solutions
NextNav is actively advocating for a terrestrial complement and backup to GPS, which is presented as a national security priority, with multiple technical and economic studies filed to support FCC rulemaking.
Strategic Partnerships
The company announced partnerships with Adtran and Oscilloquartz to integrate their technology into a multisource timing receiver, showcasing progress towards resilient PNT solutions.