NextNav Q2 2024: Revenue $1.1M, net loss $24.4M; FCC seeks comments on spectrum petition

NEXTNAV INC.

2024-Q2 EPS reported -$0.47 revenue$2,151,000

Revenue $1.1M (up 37.5% YoY); operating loss $15.3M vs $15.0M YoY.
Net loss $24.4M includes $6.6M loss on warrant fair value; cash at $86.3M, net debt $51.4M.
FCC issued public notice on petition for rulemaking in Lower 900 MHz band on August 6, 2024.
Awarded $1.9M from DOT to test PNT technology as complement/backup to GPS.
Nicola Palmer (ex-Verizon CTO) appointed to Board effective June 24, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.