secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNAV INC. (NN)
CIK:        0001865631
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084741
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNav Q3 revenue $1.0M (+99% YoY); net loss widens to $23.2M
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- Revenue of $1.0M vs $503K in prior year period; 9-month revenue $2.7M vs $3.1M.
- Operating loss improved to $14.6M from $17.9M; net loss $23.2M vs $18.7M.
- Cash and equivalents $90.1M; $47.1M debt net of discount (gross $70M).
- Deployed 5G test network in Palo Alto; signed contract for federal GPS/PNT efforts.
- Pinnacle-enabled devices now contracted across five wireless carriers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865631/000121390023084741/0001213900-23-084741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865631/000121390023084741/nn-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084741

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer