NextNav Q4 revenue $1.9M, net loss $32.3M; FCC advances GPS backup with NOI

NEXTNAV INC.

Revenue Q4 2024 $1.9M (up from $1.2M YoY); FY2024 $5.7M (up from $3.9M).
Net loss Q4 $32.3M (vs $16.4M) due to $14.9M warrant loss; FY net loss $101.9M.
Operating loss Q4 $14.8M (down from $19.9M YoY); FY $60.1M (down from $63.5M).
Cash, equivalents & short-term investments $80.1M; gross debt $70M (net $54.6M).
FCC Chairman Carr issued NOI for GPS backup; NextNav completed 5G PRS PNT demos.

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