NextNav Q1 2025 net loss $58.6M; revenue up 50% to $1.5M; FCC issues NOI on PNT

NEXTNAV INC.

2025-Q1 EPS reported -$0.45 revenue$1,539,000

Revenue $1.5M, up from $1.0M YoY; operating loss $17.0M vs $16.2M.
Net loss $58.6M includes $24.5M derivative liability loss and $14.4M debt extinguishment loss.
Cash and short-term investments $188.4M; net long-term debt $213.1M (face $190M).
FCC unanimously approved NOI on PNT backups; NextNav filed comments on April 28.
Board added Rear Admirals H. Wyman Howard and Lorin Selby effective May 1, 2025.

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