secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNAV INC. (NN)
CIK:        0001865631
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001213900-24-022164
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNav Q4 revenue up but operating loss widens; agrees $50M spectrum acquisition
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- Q4 revenue $1.2M (+49% YoY from $803K); operating loss $19.9M vs $14.5M prior year.
- Full year 2023 net loss $71.7M (incl. $4.1M loss on warrants) vs $40.1M prior year.
- Agreed to acquire 4 MHz in lower 900 MHz band for up to $50M; total spectrum now 3.5B MHz-PoPs.
- Mariam Sorond appointed CEO effective Nov 29, 2023; John Muleta joined board Jan 2024.
- Cash & equivalents $81.9M; short-term investments $4.0M; net debt $48.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865631/000121390024022164/0001213900-24-022164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865631/000121390024022164/nn-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022164

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