---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038114"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:08:29.030079+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NextNav closes $50M debt financing, FCC approves final license milestones, Q1 revenue down 30% YoY

## Summary
- Closed $50M of 10.00% Senior Secured First Lien Notes due Dec 2026; can expand to $80M.
- FCC approved final construction requirements for 256 Cellular Market Areas, including major urban centers.
- Q1 2023 revenue $830K, down from $1.2M YoY; operating loss $14M; net loss $16.3M.
- Cash and short-term investments $46.8M as of March 31, 2023.

## SEC filing metadata
- accession: 0001213900-23-038114
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390023038114/0001213900-23-038114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390023038114/nn-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038114
- JSON: https://secwatch.observer/filing/0001213900-23-038114.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038114.txt

## Key facts
- Earnings Releases
  NEXTNAV INC. reported the three months ended March 31, 2023 results: revenue $830 thousand, net income $16.3 million.
  - Period: the three months ended March 31, 2023
  - Revenue: $830 thousand
  - Net income: $16.3 million
  - Result: reported results
  source text: services, indoor-outdoor timing, while remaining commercially deployable and cost-effective for end-users. Three Months Ended March 3 1 , 202 3 Financial Highlights Revenue: was $830 thousand in the three months ended March 31, 2023, as compared to $1.2 million in the prior year period. The decrease was driven by a decline in one-time integration revenue, partially
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390023038114/0001213900-23-038114-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.