AI Earnings Predictions for NextNav Inc. (NN)

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Second Quarter 2026 Results and Operational Highlights

RESTON, VA., August 11, 2026 -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended June 30, 2026.

“We are pleased to have strengthened our position across every dimension of our business, from our balance sheet and strategic partnerships to our regulatory engagement and technology validation,” said Mariam Sorond, CEO of NextNav. “We continue to work constructively through the FCC and interagency process while demonstrating the real-world capabilities of our terrestrial 5G-powered 3D PNT solution. Our conviction remains unchanged that NextNav can play a critical role in enabling a resilient, future-proof complement and backup to GPS. We have full trust in an FCC process that has, time and time again, successfully resolved spectrum matters through a transparent, engineering-driven process.”

Operational Highlights

         Today, NextNav is pleased to announce Tiami Networks as a sensing ecosystem partner supporting the development of 900 MHz 5G-PRS-based counter-UAS detection solutions for homeland security and critical infrastructure applications. This partnership further advances NextNav’s wide-area sensing capabilities for counter-UAS detection.

         On July 29, 2026, NextNav announced a partnership with Safran Electronics & Defense, an important milestone that enables NextNav to demonstrate the potential of our terrestrial 5G-powered PNT solution in real-world operating environments and validate its role within future resilient PNT ecosystems. The collaboration will integrate and demonstrate interoperability between NextNav’s terrestrial 5G PNT Network and Safran’s navigation and timing receivers. Details can be found here.

         On June 10, 2026, NextNav announced it has joined GSMA and industry partners in an industry-first call to action to collaborate in the drone ecosystem for safe, trusted, scalable drone operations in expanding market. Details can be found here.

         On May 19, 2026, NextNav announced real-world field validation of timing accuracy of approximately 20 nanoseconds (billionths of a second), demonstrating how NextNav’s planned 5G-powered 3D PNT solution can deliver timing information to serve critical infrastructure needs. Details can be found here.

Financial Highlights

         Balance Sheet: As of June 30, 2026, the Company held approximately $228.8 million in cash, cash equivalents, and marketable securities. In addition, approximately $69.3 million of warrant exercise proceeds were recorded as other current assets as of June 30, 2026, which were subsequently collected in on July 1, 2026, resulting in total available liquidity of approximately $298 million.

         On May 27, 2026, NextNav announced the redemption of all outstanding Public Warrants, with the redemption completed on June 26, 2026. Holders exercised approximately 14.8 million warrants for cash at the contractual exercise price of $11.50 per warrant, generating approximately $169.5 million of gross proceeds. The remaining 318 thousand warrants were redeemed for $0.01 per warrant, eliminating the public warrant overhang.

         On June 15, 2026, the Company exercised its optional redemption right under the indenture governing its $190 million 5.00% Senior Secured Convertible Notes due 2028. Prior to the June 25, 2026 redemption date, all noteholders elected to convert their outstanding notes and unpaid accrued interest into approximately 15.2 million shares of common stock, resulting in no cash redemption and eliminating all outstanding convertible debt and related derivative liabilities as of June 30, 2026.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 pm ET on Tuesday, August 11, 2026.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://events.q4inc.com/attendee/857071314. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

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To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNa

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports First Quarter 2026 Results and Operational Highlights

RESTON, VA., May 14, 2026 -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended March 31, 2026.

“As the FCC process continues, we are proactively addressing concerns, engaging constructively with key stakeholders, and reinforcing the strength of our technical foundation as we continue to deliver a resilient, future‑proof terrestrial complement and backup to GPS,” said Mariam Sorond, CEO of NextNav. “At the same time, we are building momentum toward commercialization and seeing expanded interest across the broader ecosystem. We have full trust in an FCC framework that has, time and time again, successfully resolved spectrum matters more complex than ours.”

Operational Highlights

         On May 14, 2026, NextNav announced it has joined the OCUDU Ecosystem Foundation, a collaborative initiative hosted by the Linux Foundation to advance open, secure, and interoperable Open RAN centralized unit and distributed unit (CU/DU) implementation. Details can be found here.

         On May 5, 2026, NextNav announced its demonstration of 5G and RFID coexistence in the lower 900 MHz band. Details can be found here.

Financial Highlights

         Balance Sheet: As of March 31, 2026, the Company had $143 million in cash and cash equivalents and short-term investments. Net long-term debt of $267.2 million includes derivative liability of $106.7 million, and is net of unamortized discount of $29.5 million, with a face value of $190 million.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 pm ET on Thursday, May 14, 2026.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://events.q4inc.com/attendee/572943920. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

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To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.

For more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/.

Source: NextNav

Contact: Sloane & Company nextnav@sloanepr.com

Forward-Looking Statements

This press release contains “forward‑looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward‑looking statements can be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of NextNav’s management and are not predictions of actual performance.

These forward‑looking statements are subject to a number of risks and uncertainties, including, but not limited to, the following factors: the failure to realize the anticipated benefits of, or achieve commercial acceptance for, NextNav’s technology across targeted industries (including public safety and mobility); difficulties, delays, or unforeseen challenges in the development, deployment, operation, or integration of NextNav’s network, assets, software, or other technologies, including its next‑generation terrestrial 3D PNT technology; adverse regulatory developments, including action or inaction by the Federal Communications Commission (“FCC”) or other federal or state governmental authorities affecting spectrum allocation, location‑based services, the use of licensed spectrum, or E911 or related requirements; the outcome and timing of

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Fourth Quarter and Full Year 2025 Results and Operational Highlights

NextNav confident FCC moving toward near-term NPRM

RESTON, Va., March 17, 2026 -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended and full year December 31, 2025.

“We are confident the Federal Communications Commission (FCC) is moving toward a Notice of Proposed Rulemaking (NPRM) in the near term, supported by a robust and well‑developed record with a path to a Report and Order,” said Mariam Sorond, CEO of NextNav. “FCC Chairman Brendan Carr’s recent submission of a PNT rulemaking to the Office of Management and Budget represents an important milestone achieved in rapid time, reflecting extraordinary momentum under this Administration. We applaud Chairman Carr for moving forward to fulfill an Administration priority delivering a resilient terrestrial complement and backup to GPS​.”

Operational Highlights

         On February 27, 2026, NextNav announced the expansion of its Board with the appointment of seasoned technology and national security leader, Lisa Hook, as Lead Independent Director. Details can be found here.

         On January 27, 2026, CTIA announced that Mariam Sorond has joined its Board of Directors. Details can be found here.

         On December 16, 2025, NextNav announced an expanded partnership with Japan’s MetCom, reflecting global demand for resilient, terrestrial PNT solutions. Details can be found here.

         On December 11, 2025, NextNav announced it would commence localized operation of the world’s first 5G-powered PNT Network for temporary testing purposes, marking a major step toward commercialization. Details can be found here.

Financial Highlights

         Balance Sheet: As of December 31, 2025, the Company had $152.1 million in cash and cash equivalents and short-term investments. Net long-term debt of $273.6 million includes derivative liability of $115.8 million, and is net of unamortized discount of $32.2 million, with a face value of $190 million.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 pm ET on Tuesday, March 17, 2026.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://events.q4inc.com/attendee/726470683. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.

For more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/.

Source: NextNav

Contact: Sloane & Company nextnav@sloanepr.com

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Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe”, or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters.  These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of NextNav's management and are not predictions of actual performance.

These forward-looking statements are also subject to a number of risks and uncertainties, including, but not limited to, the following factors: the failure to realize the anticipated benefits and commercial acceptance of NextNav's technology in various industries (e.g., public safety and mobility); the possibility of difficulties or delays in the development, deployment,

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Third Quarter 2025 Results and Operational Highlights

RESTON, Va., November 06, 2025 -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended September 30, 2025.

“In the third quarter we continued to proactively advocate for the FCC to take the next step in the process, despite the government shutdown, and are pleased with the technological progress we have made as we prepare for commercialization of our technology,” said Mariam Sorond, CEO of NextNav. “We look forward to continuing to support the FCC’s important work as we seek to enable a widescale, future-proof complement and backup to GPS as quickly as possible.”

Operational Highlights

         On September 25, 2025, NextNav announced the closing of its agreement to acquire additional lower 900 MHz band licenses. Details can be found here.

         On October 9, 2025, NextNav extended its agreement with AT&T, relating to NextNav’s Pinnacle network operations, by two years. Details can be found here.

         On October 10, 2025, NextNav reached a major milestone towards enabling a widescale commercial 5G PRS-based 3D PNT solution, delivering accurate timing and positioning information while simultaneously delivering both downlink and uplink data transmissions utilizing standard 5G network equipment. Details can be found here.

         On October 14-15, 2025, NextNav showcased its vertical location capabilities and progress toward commercialization of 5G-based 3D PNT at Mobile World Congress 2025 Las Vegas. Details can be found here.

         On October 24, 2025, NextNav and Oscilloquartz announced the successful integration of 5G-based timing for critical infrastructure applications. Details can be found here.

Financial Highlights

         Balance Sheet: As of September 30, 2025, the Company had $167.6 million in cash and cash equivalents and short-term investments. Net long-term debt of $230.1 million includes derivative liability of $75.1 million, and is net of unamortized discount of $34.9 million, with a face value of $190 million.

Conference Call Information

NextNav will host a conference call for analysts and investors at 9:00 am ET on Thursday, November 6, 2025.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call:  https://registrations.events/direct/Q4I6293644. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

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To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

Source: NextNav

Contact: Sloane & Company nextnav@sloanepr.com

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies. In particular, such forward-looking statements include the achievement of certain FCC-related milestones and FCC approvals, the ability to realize the broader spectrum capacity and the advancement of NextNav’s terrestrial 3D PNT services, NextNav’s position to drive growth in its 3D geolocation business and e

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Second Quarter 2025 Results and Operational Highlights

         FCC issues order granting consent to assignment of Lower 900MHz licenses to NextNav

         NextNav supports urgent call for NPRM with technical, economic, and operational analysis

RESTON, Va., August 06, 2025 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended June 30, 2025.

“In the second quarter we continued to advance toward our goal of addressing one of our nation’s most critical infrastructure needs with a sense of urgency and purpose,” said Mariam Sorond, CEO of NextNav.  “We appreciate the FCC’s order granting consent to the assignment of the Telesaurus licenses, further enhancing our spectrum position and operational leadership in the Lower 900MHz band.  We substantiated with data and analysis the significant benefits and minimal costs of our proposal to optimize the Lower 900 MHz band. We look forward to continuing to support the FCC’s important work as we seek to enable a widescale, future-proof complement and backup to GPS as quickly as possible.”

Operational Highlights

         On May 13, 2025, NextNav filed reply comments in response to the FCC’s Notice of Inquiry, Promoting the Development of PNT Technologies and Solutions, making the case for the FCC to promptly issue a Notice of Proposed Rulemaking that would enable a terrestrial complement and backup to GPS without the need for multibillion dollar taxpayer expenditures. The filing can be found here.

         On June 10, 2025, NextNav presented implementation and deployment details of our 5G-based PNT solution to FCC staff. Details can be found here.

         On June 20, 2025, the FCC issued an order granting consent to the assignment of 128 active M-LMS licenses to NextNav and waived an FCC rule that forbids one licensee from holding both an A-block license and a B- or C-block license in the same license area. The order can be found here.

         On June 24, 2025, NextNav’s CEO participated in an event focused on the urgent need for GPS resiliency, featuring distinguished Congressional, FCC, DoD and public safety representatives. Details of the event can be found here.

         On July 9, 2025, NextNav filed a supplemental technical study further validating the assumptions and conclusions in our February 2025 technical study, demonstrating that introducing 5G operations will not cause unacceptable interference to unlicensed Part 15 devices in the Lower 900 MHz band. The filing can be found here.

         On July 17, 2025, NextNav submitted an economic report prepared by the Brattle Group establishing that NextNav’s proposed optimization of the Lower 900 MHz band would impose minimal costs while generating substantial national benefits, potentially amounting to tens of billions of dollars. The filing can be found here.

         On August 1, 2025, NextNav filed a study with the FCC demonstrating that licensed tolling operations can coexist with 5G operations in the Lower 900 MHz band. The filing can be found here.

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Three and Six Months Ended June 30, 2025 Financial Highlights

         Revenue: was $1.2 million in the three months ended June 30, 2025, compared to $1.1 million in the prior year period. In the six months ended June 30, 2025, revenue was $2.7 million, compared to $2.2 million in the prior-year period. The increase in both three and six months ended June 30, 2025 was primarily driven by an increase in service revenue from technology and services contracts with government and commercial customers.

         Operating Loss: was $17.2 million in the three months ended June 30, 2025, compared to $15.3 in the prior year period, primarily driven by increases in professional services, payroll-related expenses, non-recurring engineering services, and outside consulting expenses, partially offset by lower software license and cloud expenses. In the six months ended June 30, 2025, operating loss was $34.2 million, as compared to $31.5 million in the prior year period, primarily driven by increases in professional services, outside consulting expenses, and non-recurring engineering services, partially offset by lower software license and cloud expenses.

         Net Loss: was $63.2 million in the three months ended June 30, 2025, including a loss on change in the fair value of derivative liability and warrants of $39.5 million, as compared to a net loss of $24.4 million in the prior year period, including a loss on the fair value of warrants of $8.5 million. In the six months ended June 30, 2025, net loss was $121.8 million, including a loss on the fair value of derivative liability and warrants of $58.0 million and debt extinguishment loss of $14.4 million as compared to a net loss of $56.0 million in the prior y

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports First Quarter 2025 Results and Operational Highlights

FCC releases Notice of Inquiry (NOI) with bipartisan 4-0 vote

NextNav Announces Appointment of Rear Admirals H. Wyman Howard and Lorin Selby to its Board of Directors

RESTON, Va., May 9, 2025 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended March 31, 2025.

“During the quarter we saw continued FCC momentum with a unanimous vote in March to further explore PNT solutions, specifically including NextNav’s,” said NextNav’s CEO, Mariam Sorond. “We remain focused on executing against our goals and addressing an urgent national security need for a terrestrial complement and backup to GPS. We look forward to working with the FCC and the rest of the industry to enable PNT resiliency.”

Recent Operational Highlights

Announced Appointment of Two New Members to Board of Directors: On April 16, 2025, NextNav announced the appointment of Retired Rear Admirals H. Wyman Howard and Lorin Selby to its Board of Directors, effective May 1, 2025.

FCC Releases Notice of Inquiry (NOI): On March 27, 2025, the FCC unanimously voted to approve the NOI titled Promoting the Development of PNT Technologies and Solutions to explore how the Commission may foster GPS backups and alternatives, underscoring the FCC’s focus on this issue. On April 28, 2025, NextNav filed comments with the FCC emphasizing the importance of at least one future-proof solution that relies on market forces to deliver a terrestrial, widescale PNT solution that is broadly available to critical infrastructure, public safety, and consumers, and has a clear path to incorporation in end-user devices.

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Three Months Ended March 31, 2025 Financial Highlights

Revenue: was $1.5 million in the three months ended March 31, 2025, as compared to $1.0 million in the prior year period. The increase was driven by an increase in service revenue from technology and services contracts with government and commercial customers.

Operating Loss: was $17.0 million in the three months ended March 31, 2025, as compared to an operating loss of $16.2 million in the prior year period, primarily driven by higher professional fees and outside consulting expenses, partially offset by reductions in software license costs and payroll-related expenses.

Net Loss: was $58.6 million in the three months ended March 31, 2025, including a loss on change in the fair value of derivative liability of $24.5 million and debt extinguishment loss of $14.4 million, as compared to a net loss of $31.6 million in the prior year period, including a loss on the fair value of the warrants of $13.2 million.

Balance Sheet: as of March 31, 2025, the Company had $150.4 million in cash and cash equivalents and $38.0 million in short-term investments. Net long term debt of $213.1 million includes derivative liability of $56.5 million, and is net of unamortized discount of $33.4 million, with a face value of $190.0 million.

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Conference Call Information

NextNav will host a conference call for analysts and investors at 9:00 am ET on Friday, May 9, 2025.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I6293672417. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

A replay will be available through March 16, 2025. To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav's positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

Source: NN-FIN

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estima

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Fourth Quarter and Full Year 2024 Results

Successfully Completed Lab and Field Demonstrations Validating Effectiveness of NextNav's 5G PRS-based PNT solution

NOI Issued by FCC Chairman Carr Demonstrates Commitment to GPS Complement and Backup

RESTON, VA., March 12, 2025 – NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2024.

Mariam Sorond, NextNav CEO said, “2024 was a pivotal year for NextNav as we established a strong foundation to advance our vision for a terrestrial complement and backup to GPS. We made significant progress through our regulatory efforts and our engagement in engineer-to-engineer dialogue with key stakeholders.

As we enter 2025, we are eager to continue working with the Federal Communications Commission (“FCC”), now led by Chairman Carr. The recently released draft Notice of Inquiry highlights the critical need for a complement and backup to GPS. Chairman Carr’s prompt action is a foundational step in advancing a critical national security need and we are ready to work alongside the Chairman and Commissioners and FCC staff to move towards GPS resiliency.

Beyond regulatory initiatives, we are actively advancing our NextGen solution. We recently completed lab and field demonstrations of our innovative PNT solution and entered into agreements to build an over-the-air demonstration network featuring 5G-based terrestrial 3D PNT with standards-compliant equipment. We are excited about the progress to date and remain focused on executing our strategic roadmap and driving innovation in geolocation technology.”

Recent Operational Highlights

NextNav Published Poll of Bipartisan Support for GPS Backup and Complement: On March 10, 2025, NextNav released the results of a poll by Public Policy Polling which showed overwhelming bipartisan support for a complement and backup to GPS fueled by implications for public safety, national security, global competition, and economic stability.

NextNav Submits Filing with FCC Detailing Technical Analysis of Coexistence with Unlicensed: On February 27, 2025, NextNav filed a detailed technical analysis of co-existence with the FCC, showing that unlicensed operations can continue in the band in the presence of 5G.

NextNav Successfully Demonstrates Positioning Reference Signal-Based PNT Technology: NextNav successfully completed lab and field demonstrations of its innovative PNT solution based on Positioning Reference Signal (PRS) standards in 5G waveforms. The tests validated the effectiveness of NextNav's 5G PRS-based PNT solution, demonstrating precise timing synchronization and robust positioning capabilities, establishing a foundation for widespread commercial deployment.

Peake Advisors (Diane Rinaldo) Files Literature Review with FCC: A leading expert in 5G and telecommunications security, Diane Rinaldo, filed a literature review with the FCC on February 21, 2025. The review emphasizes the severe risks of prolonged GPS disruptions to national security and infrastructure and the benefits of a system-of-systems approach to PNT modernization -- fortifying GPS while diversifying backup solutions across space- and terrestrial-based systems.

Renee Gregory Joins NextNav as VP of Regulatory Affairs: Joining NextNav in February, 2025, Renee will lead NextNav’s FCC approval and compliance efforts. Renee brings 20 plus years of experience across government and the private sector, having held senior advisory roles at the White House, NTIA, and FCC.

Three and Twelve Months Ended December 31, 2024 Financial Highlights

Revenue: was $1.9 million in the three months ended December 31, 2024, as compared to $1.2 million in the prior year period. In the twelve months ended December 31, 2024, revenue was $5.7 million, as compared to $3.9 million in the prior year period. The increase in both the three and twelve months ended December 31, 2024, was primarily driven by an increase in service revenue from technology and services contracts with government and commercial customers.

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Operating Loss: was $14.8 million in the three months ended December 31, 2024, as compared to an operating loss of $19.9 million in the prior year period. In the twelve months ended December 31, 2024, operating loss was $60.1 million, as compared to $63.5 million in the prior year period. The decrease in both the three and twelve months ended December 31, 2024, was primarily driven by lower stock-based compensation expense, partially offset by higher payroll-related expenses and professional services.

Net Loss: was $32.3 million in the three months ended December 31, 2024, including a loss on the change in fair value of warrants and liability associated with the Telesaurus asset purchase of $14.9 million, as compared to a net loss of $16.4 million in the prior

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Third Quarter 2024 Results

The Brattle Group Analysis Finds Total Quantified Value of Having a GPS Backup is $14.6 billion

NextNav Continues Engineer-to-Engineer Dialogue with Appropriate Stakeholders

RESTON, VA., November 13, 2024 – NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s third quarter ended September 30, 2024.

Mariam Sorond, NextNav CEO said, “In the third quarter, we continued efforts to advance our strategic vision and address the critical need for a terrestrial complement and backup to GPS. The NextNav team continues to hold active discussions with the appropriate stakeholders through engineer-to-engineer dialogue in support of our petition. We believe that collaborative analysis is essential to achieving an outcome that best serves the public interest and solves a national security problem.

“We are also excited about the outcome of the recent Brattle Group report whose analysis estimates a total quantified value of a having a terrestrial backup to GPS at $14.6 billion. Moving forward, we are committed to advancing our mission and working closely with the appropriate stakeholders, as well as the relevant government agencies, to deliver a solution that will provide enormous public benefit.”

Recent Operational Highlights

NextNav Submits Filings in Support of 3D Terrestrial PNT Solution: In response to the FCC’s Public Notice issued on August 6, 2024, NextNav filed comments on September 5, 2024, followed by reply comments on September 20, 2024, with the Federal Communications Commission (FCC) in support of the Company’s petition to reconfigure the Lower 900 MHz Band to enable a 5G-based terrestrial Positioning, Navigation and Timing service.

The Brattle Group Issues Economic Report: On October 21, 2024, The Brattle Group issued a report finding that the adoption of NextNav’s proposal to reconfigure the Lower 900 MHz offers the US economy the equivalent of a $10.8 billion insurance policy to protect against GPS outages without taxpayer funding, plus additional benefits of $3.8 billion from increased resiliency. This brings the total quantified value of having a backup to GPS to $14.6 billion, according to The Brattle Group’s analysis.

Rear Admiral David Simpson (Ret.) Argues for Greater PNT Resiliency in the U.S.: In a white paper issued on September 3, 2024 by Virginia Tech University, Rear Admiral, USN (ret.) David Simpson discusses the critical role of PNT services, with a focus on U.S. dependency on space-based systems like GPS. Admiral Simpson highlights the vulnerabilities of GPS and stresses the need for the U.S. to develop a robust terrestrial complement and backup to GPS to ensure resiliency in critical infrastructure and military operations.

Three and Nine Months Ended September 30, 2024 Financial Highlights

Revenue: was $1.6 million in the three months ended September 30, 2024, as compared to $1.0 million in the prior year period. In the nine months ended September 30, 2024, Revenue was $3.8 million, as compared to $2.7 million. The increase in both the three and nine months ended September 30, 2024, was primarily driven by an increase in service revenue from technology and services contracts with government and commercial customers.

Operating Loss: was $13.9 million in the three months ended September 30, 2024, as compared to an operating loss of $14.6 million in the prior year period, primarily driven by lower stock-based compensation expense, partially offset by higher payroll-related expenses and professional services. In the nine months ended September 30, 2024, operating loss was $45.3 million, as compared to $43.6 million in the prior year period. The increase in operating loss was primarily driven by an increase in payroll-related expenses and professional services, partially offset by lower stock-based compensation expenses.

Net Loss: was $13.6 million in the three months ended September 30, 2024, including a gain on the change in fair value of warrants and liability associated with the Telesaurus asset purchase of $2.5 million, as compared to a net loss of $23.2 million in the prior year period, including a loss on the fair value of the warrants of $6.7 million. In the nine months ended September 30, 2024, net loss was $69.6 million including a loss on the fair value of warrants, net of gain associated with a change in liability with the Telesaurus asset purchase of $17.3 million, as compared to a net loss of $55.3 million in the prior year period, including a loss on the fair value of the warrants of $9.8 million.

Balance Sheet: as of September 30, 2024, the Company had $86.8 million in cash, cash equivalents, and short-term investments and has $53.0 million in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70

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EXHIBIT 99.1

NextNav Inc. Reports Second Quarter 2024 Results

Federal Communications Commission Releases Public Notice on Petition for Rulemaking

Awarded $1.9 million in Funding from DOT to Test PNT Services as Complement and Backup to GPS

RESTON, VA., August 7, 2024 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s second quarter ended June 30, 2024.

Mariam Sorond, NextNav CEO stated, “The NextNav team continued to make solid progress towards our strategic vision in the second quarter. Notably, on August 6, 2024, the Federal Communications Commission (“FCC”) issued a public notice seeking comments on NextNav’s petition for rulemaking. This is a standard, but significant first step in the longer-term FCC rulemaking process and we appreciate the FCC’s action as we push to deliver an innovative spectrum solution in the Lower 900 MHz band.

“Additionally, we recently received an award from the Department of Transportation (“DOT”) to test NextNav’s PNT technology, a terrestrial solution that delivers PNT as a complement and back up to GPS. The award provides $1.9 million in funding, the largest dollar value awarded by the DOT, and is a significant win for NextNav as it’s aligned with the DOT’s complementary PNT action plan to conduct field testing of technologies with critical infrastructure providers. It also further validates NextNav’s strength and leadership position in PNT services and aligns well with our technology and spectrum path with the FCC.”

Recent Operational Highlights

FCC Releases Public Notice on Petition for Rulemaking: On August 6, 2024, the FCC released a public notice seeking comment on NextNav’s innovative spectrum solution in the Lower 900 MHz band (902-928 MHz band). The FCC has requested comments from the public on this petition within the next 30 days, followed by a 15-day reply comment period.

NextNav Granted U.S. Department of Transportation Award to Test PNT Services: On July 3, 2024, the DOT issued a press release announcing that NextNav was awarded a purchase order to test the Company’s 3D PNT technology, a terrestrial solution that delivers PNT as a complement and backup to GPS. The award comes from the U.S. DOT Volpe Center and is a part of its Complementary PNT Action Plan.

Nicola Palmer Joins NextNav Board of Directors: Nicola Palmer was appointed to the NextNav Board of Directors, effective June 24, 2024. Ms. Palmer spent much of her career with Verizon where she held leadership roles spanning engineering, operations, and technology supporting advanced data and wireless products, serving as Chief Technology Officer, Chief Engineering Officer, and Head of Wireless Networks.

Three and Six Months Ended June 30, 2024 Financial Highlights

Revenue: was $1.1 million in the three months ended June 30, 2024, as compared to $800,000 in the prior year period. In the six months ended June 30, 2024, Revenue was $2.1 million, as compared to $1.6 million. The increase in both the three and six months ended June 30, 2024 was primarily attributable to increased recurring service revenue in the current period from technology and services contracts with commercial customers, including in support of government opportunities.

Operating Loss: was $15.3 million in the three months ended June 30, 2024, as compared to an operating loss of $15.0 million in the prior year period, primarily driven by increases in payroll-related expenses and professional services, partially offset by lower stock-based compensation expense. In the six months ended June 30, 2024, operating loss was $31.5 million, as compared to $29.0 million in the prior year period. The increase in operating loss was primarily driven by an increase in payroll-related expenses and professional services, particularly offset by lower stock-based compensation expenses.

Net Loss: was $24.4 million in the three months ended June 30, 2024, including a loss on the fair value of warrants, net of gain associated with a change in liability associated with the Telesaurus asset purchase of $6.6 million, as compared to a net loss of $15.8 million in the prior year period, including a loss on the fair value of the warrants of $0.3 million. In the six months ended June 30, 2024, net loss was $56.0 million including a loss on the fair value of warrants, net of gain associated with a change in liability with the Telesaurus asset purchase of $19.8 million, as compared to a net loss of $32.1 million in the prior year period, including a loss on the fair value of the warrants of $3.1 million.

Balance Sheet: as of June 30, 2024, the Company had $86.3 million in cash, cash equivalents and short term investments and has $51.4 million in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70 million.

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Conference Call I

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports First Quarter 2024 Results

Filed Rulemaking Petition with FCC on April 16, 2024

Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband Services

McLean, VA., May 8, 2024 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s first quarter ended March 31, 2024.

Mariam Sorond, NextNav CEO stated, “NextNav is off to an exciting start to the year. We recently filed a petition for rulemaking with the Federal Communications Commission, proposing rearranging the Lower 900 MHz band to enable its use for terrestrial 3D positioning, navigation and timing services, and 5G broadband.

Our petition is a significant first step in efforts to deliver an innovative spectrum solution in the Lower 900 MHz band. As we move forward, we look forward to working closely with the FCC to make this vision a reality. We believe we have presented a petition that explains the urgency of 3D PNT services to the FCC, while also providing a viable solution to an issue of great importance to national security, our economy, and public safety.”

Recent Operational Highlights

NextNav Files FCC Petition for Rulemaking: NextNav filed a rulemaking petition asking the Federal Communications Commission on April 16, 2024, to deliver an innovative spectrum solution in the Lower 900 MHz band, proposing rearranging the band to facilitate a terrestrial 3D PNT network and broadband.

NextNav Receives Court Approval: On March 28, 2024, the Superior Court of the State of California, County of Alameda issued an Order approving the sale of licenses covering an additional 4 MHz in the Lower 900 MHz band. Court approval provided NextNav with the greenlight to move forward with obtaining FCC approval.

Three Months Ended March 31, 2024 Financial Highlights

Revenue: was $1.0 million in the three months ended March 31, 2024, as compared to $830,000 in the prior year period. The increase was primarily attributable to increased recurring service revenue in the current period from technology and services contracts with commercial customers.

Operating Loss: was $16.2 million in the three months ended March 31, 2024, as compared to an operating loss of $14.0 million in the prior year period, primarily driven by increases in stock-based compensation expense and payroll-related expenses.

Net Loss: was $31.6 million in the three months ended March 31, 2024, including a loss on the fair value of warrants of $13.2 million, as compared to a net loss of $16.3 million in the prior year period, including a loss on the fair value of the warrants of $2.8 million.

Balance Sheet: as of March 31, 2024, the Company had $73.3 million in cash and cash equivalents, $5.9 million in short term investments and has $49.9 million in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70.0 million.

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Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 pm ET on Wednesday, May 8, 2024.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I629362. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

A replay of the call can also be accessed via phone through May 15, 2024 by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 62936.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav's positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

Source: NN-FIN

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “ “may,” “anticipate,” “believe,” “expect,” “intend,” “might,” “plan,” “possible,” “potential,” “aim,” “strive,” “predict,” “project,” “should,” “could,” “would,” “will” and similar expressions may identify forward-looking state

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results

Announced Transaction to Acquire Additional 900 MHz Spectrum Licenses

Mariam Sorond Joins as NextNav CEO

McLean, VA., March 13, 2024 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2023.

Mariam Sorond, NextNav CEO stated, “It’s been an incredible first 100 days as the CEO of NextNav. I have met directly with our team and partners and see the potential to explore options to enhance our next generation PNT technology through optimized use of our valuable spectrum asset. In line with this strategy, we recently signed an exciting agreement to acquire additional spectrum licenses covering 4 MHz in the lower 900 MHz band. Following close, this significant transaction will bring NextNav’s combined spectrum assets, including its existing 8MHz of contiguous 900 MHz spectrum, to a total of 3.5 billion MHz-PoPs of low band spectrum.

PNT powered by low-band spectrum with optimized use is a unique and powerful opportunity to help to address many of the challenges faced by both the public and private sectors, including national security and public safety. As we move forward, we are taking a fresh look at our entire offering and considering how best to take full advantage of our valuable spectrum assets to drive growth and long-term shareholder value.”

Recent Operational Highlights

Acquires Additional 900 MHz Spectrum Licenses: On March 11, 2024, NextNav announced it had signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band for a total purchase price of up to $50 million.  Following close, NextNav’s combined spectrum assets, including its existing 8MHz of contiguous 900 MHz spectrum, will total 3.5 billion MHz-PoPs of low band spectrum.

Mariam Sorond Named New Chief Executive Officer: Mariam Sorond, a veteran industry leader, was appointed NextNav’s new Chief Executive Officer, effective November 29, 2023. Ms. Sorond joins NextNav with over 28 years of technical and strategy experience in the telecommunications industry, including extensive spectrum expertise and proven track record of evolving telecommunication technology and strategy.

Appointed John Muleta to Board of Directors: NextNav announced the appointment of John Muleta to the Board of Directors, effective January 18, 2024. Mr. Muleta’s brings deep expertise in the development and implementation of wireless policies, particularly in spectrum allocation and public safety in both the private and public sectors, including previously serving as the Wireless Telecommunications Bureau Chief at the Federal Communications Commission.

Three and Twelve Months Ended December 31, 2023, Financial Highlights

Revenue: was $1.2 million in the three months ended December 31, 2023, as compared to $803,000 in the prior year period. The increase was primarily attributable to increased recurring service revenue in the current period from technology and services contracts with commercial customers. In the twelve months ended December 31, 2023, revenue was $3.9 million, and was flat with the prior year period. There was a decrease in integration revenue which was partially offset by increased recurring service revenue from technology and service contracts with commercial customers.

Operating Loss: was $19.9 million in the three months ended December 31, 2023, as compared to an operating loss of $14.5 million in the prior year period, primarily driven by increases in stock-based compensation expense and payroll-related expenses. In the twelve months ended December 31, 2023, operating loss was $63.5 million, as compared to an operating loss of $65.5 million in the prior year period, primarily driven by lower stock-based compensation expense which was partially offset by increase in payroll-related expenses.

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Net Loss: was $16.4 million in the three months ended December 31, 2023, including a gain on the fair value of warrants of $5.7 million, as compared to a net loss of $12.5 million in the prior year period, including a gain on the fair value of the warrants of $1.5 million. In the twelve months ended December 31, 2023, net loss was $71.7 million, including a loss on the fair value of warrants of $4.1 million as compared to a net loss of $40.1 million in the prior year period, including a gain on the fair value of the warrants of $24.7 million.

Balance Sheet: as of December 31, 2023, the Company had $81.9 million in cash and cash equivalents, $4.0 million in short term investments and has $48.4 million in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70.0 million.

Conference Call Information

NextNav will host a conference call for analysts and inv

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EX-99.1

Exhibit 99.1

NextNav Inc. Reports Third Quarter 2023 Results

5G Test Network Established in Bay Area

Signs Contract Supporting Government GPS/PNT Efforts

NextNav Pinnacle-Enabled Devices Expected on Five Wireless Carriers

McLean, VA. November 8, 2023 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s third quarter ended September 30, 2023.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “As momentum builds towards addressing GPS vulnerabilities across the public and private sector, we recently signed a new contract to support the federal government’s resilient GPS/PNT efforts. The contract leverages our existing infrastructure to provide persistent PNT characterizations initially in select markets in the U.S., with the opportunity to expand across the country following initial implementation.

On the spectrum front, following the receipt of the FCC’s experimental license in 2Q 2023, we have now deployed a Bay Area TerraPoiNT network transmitting 5G waveforms. We have commenced formal testing to characterize our ability to support simultaneous broadband and PNT functionalities and expect to largely complete the program by year end.

Finally, as the number of devices enabled with our Pinnacle z-axis technology increases, we now have Pinnacle-enabled devices contracted across five wireless carriers. This follows our latest agreement with a new device on one of the largest MVNOs (mobile virtual network operators) in the country. These relationships illustrate our clear leadership role in E911 and position us well to drive further adoption and integration of our Pinnacle technology in the future.”

Recent Operational Highlights:

Deploys 5G Test Network in Palo Alto, CA: Following approval of its experimental license in the second quarter, NextNav has deployed a 5G waveform on a TerraPoiNT network in Palo Alto, California. The Company is now beginning the formal testing process to demonstrate the ability to provide resilient PNT services combined with 5G broadband data. NextNav expects to complete formal testing by year end.

Signs Contract in Support of Federal Government’s Resilient GPS/PNT Efforts: The new contract leverages NextNav’s existing infrastructure to provide persistent PNT characterization in select markets in the U.S. The Company expects to expand its capabilities into additional U.S. markets upon completion of the initial phase.

Three and Nine Months Ended September 30, 2023, Financial Highlights:

Revenue: was $1.0 million in the three months ended September 30, 2023, as compared to $503,000 in the prior year period. The increase was primarily attributable to increased recurring service revenue in the current period from technology and services contracts with commercial customers. In the nine months ended September 30, 2023, revenue was $2.7 million, as compared with $3.1 million in the prior year period, driven by decreased integration revenue, partially offset by an increase in recurring service revenue, from technology and services contracts with commercial customers.

Operating Loss: was $14.6 million in the three months ended September 30, 2023, as compared to an operating loss of $17.9 million in the prior year period. In the nine months ended September 30, 2023, operating loss was $43.6 million, as compared to an operating loss of $51 million in the prior year period.

Net Loss: was $23.2 million in the three months ended September 30, 2023, as compared to a net loss of $18.7 million in the prior year period. In the nine months ended September 30, 2023, net loss was $55.3 million, as compared to a net loss of $27.6 million in the prior year period.

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Balance Sheet: as of September 30, 2023, the Company had $90.1 million in cash and cash equivalents, $7.0 million in short term investments and has $47.1 million in debt net of unamortized discount attributed to transaction costs and the issuance of warrants, with a gross value of $70 million.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 PM ET on November 8, 2023, to discuss its financial results for the third quarter 2023 and business outlook. To access the call, please register by visiting the following website: https://conferencingportals.com/event/TSgreOeK

Upon registering, each participant will be provided with call details and a registrant ID.

NextNav is also providing an investor relations presentation with information on its business and operations, which is available in the investor relations section of the NextNav website at https://ir.nextnav.com.

A replay of the call can also be accessed via phone through November 15, 2023, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 62936.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation GPS

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EX-99.1

Exhibit 99.1

NextNav Inc. Reports Second Quarter 2023 Results

Closes $70 Million in Debt Financing, Including $50 Million in 2Q 2023

Signs Agreement with Top-Tier Global Chip Manufacturer for Licensing of NextNav Technology

Expands E911 Partner Network with additional Nationwide U.S. Carrier

McLean, VA. August 9, 2023 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s second quarter ended June 30, 2023.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We continue to see solid strategic momentum in the business as we move into the second half of the year. We closed a $50 million debt financing deal and subsequent to quarter end we closed an additional $20 million investment from existing investors increasing their commitments. This investment is a testament to the fundamentals of our business and the favorable view the market has of our strategic assets and future prospects. We look forward to leveraging these funds, which provide us with multiple years of runway, to continue executing against our business initiatives.

We were also pleased to see the FCC approve our experimental license that allows us to validate our ability to provide highly reliable 3D geo-location and resilient position, navigation and timing (“PNT”) capabilities using a 5G waveform, while simultaneously using that waveform to carry 5G broadband data.

Additionally, we are seeing significant traction in the quarter in our underlying technology licenses as well as government grants. Notably, we recently signed a licensing agreement with a top-tier global chip manufacturer to provide positioning functionality to one of their mainline chipsets and expect it to deliver initial revenue in the second half of 2023.

We are excited by the progress we’ve made thus far in 2023 and look forward to building more value for our shareholders going forward.”

Recent Operational Highlights

Closes $70 Million Debt Financing: On July 6, 2023, NextNav closed an additional investment of $20 million aggregated principal amount of 10.00% Senior Secured First Lien Notes due December 2026 to a group of lenders from its previously closed $50 million aggregate principal amount. This brings the total gross proceeds from both rounds to $70 million.

Receives FCC Approval for Experimental License Using 5G Waveform: Following second quarter approval of its experimental license, NextNav began work on a Bay Area network transmitting 5G waveforms to demonstrate the ability to provide resilient PNT services combined with 5G broadband data.

Completed Successful Testing of PNT Solution: In July, NextNav announced the successful integration and testing of NextNav’s TerraPoiNT assured PNT system with wireless carriers LTE and 5G signals to deliver accurate 3D positioning and timing capabilities without reliance on satellite-based GPS or GNSS signals.

Licenses GPS Software to Top-Tier Global Chip Manufacturer: Recently, NextNav signed a new licensing agreement with a top-tier global chip manufacturer that will provide positioning functionality for low power GPS tracking to one of the manufacturer’s mainline chipsets implementing a GPS receiver as software intellectual property. The Company expects to begin recognizing revenue under this agreement in the second half of 2023.

E911/Public Safety: On June 1, 2023, NextNav announced it was selected by a nationwide U.S. carrier to deliver vertical location capabilities for E911 via NextNav’s Pinnacle service. The agreement will enable precise z-axis data – which is increasingly critical for emergency service operations – for 911 calls made on the carrier’s entire device portfolio, expanding the availability of life-saving technology across the United States and exceeding FCC z-axis / E911 requirements. The first devices on the network utilizing the z-axis capabilities are expected to be released later this year.

Three and Six Months Ended June 30, 2023, Financial Highlights:

Revenue: was $0.8 million in the three months ended June 30, 2023, as compared to $1.4 million in the prior year period. In the six months ended June 30, 2023, revenue was $1.6 million, as compared with $2.6 million in the prior year period. The decrease in both periods was primarily attributable to the prior year period’s significant upfront network integration revenue from technology and services contracts with commercial customers.

Operating Loss: was $15.0 million in the three months ended June 30, 2023, as compared to an operating loss of $17.0 million in the prior year period. In the six months ended June 30, 2023, operating loss was $29.0 million, as compared to $33.1 million in the prior year period.

Net Loss: was $15.8 million in the three months ended June 30, 2023, as compared to a net income of $0.8 million in the prior year period. In the six months ended June 30, 2023, net loss was $32.1 mil

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EX-99.1

NextNav Inc. Reports First Quarter 2023 Results

Closes $50 Million Debt Financing; Includes Potential Expansion of Notes up to $80 Million

Financing Provides Multiple Years of Funding to Further Enhance Asset Platform

FCC Approves Final License Milestones Covering 256 Cellular Market Areas

McLean, VA. May 10, 2023 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s first quarter ended March 31, 2022.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “NextNav had a strong start to 2023 as we continued to see solid momentum across all areas of the business. Importantly, we are excited to announce the closing of a $50 million debt financing, which provides multiple years of funding with modest equity dilution. The new funding provides significant runway to actualize our strategic priorities, maximizing the full value of our asset-rich platform.

We also hit the ground running in Q1, making solid progress advancing our strategic priorities. In April, the Federal Communications Commission (FCC) concluded that NextNav has satisfied its final spectrum license construction requirements for 256 Cellular Market Areas, including most major urban centers. The FCC found NextNav’s network buildout targeting urban areas and tall buildings to be in the public interest. This is a significant milestone for the business as we work to maximize the full value of our spectrum asset.

The team is very excited by the pace of achievements over the last several months. We closed and integrated Nestwave - which, significantly reduce our future capital requirements, we received FCC license approval for our major markets, and most recently secured a key debt financing facility.”

Recent Operational Highlights:

Closes $50 Million Debt Financing: On May 9, 2023, NextNav closed a private offering of $50 million aggregate principal amount of 10.00% Senior Secured First Lien Notes due December 2026 to a group of lenders, including Whitebox Advisors LLC, Susquehanna International Group and Clutterbuck Capital Management. The facility provides the ability to issue up to a maximum $80 million aggregate principal amount of Notes.

FCC Order: On April 17th, 2023, the FCC concluded that NextNav has satisfied its spectrum license construction requirements for the 39 top Economic Areas or approximately 256 Cellular Market Areas. This constitutes the last buildout requirement for NextNav’s operating licenses in these market areas. The FCC also found NextNav’s network buildout targeting urban areas and tall buildings to be in the public interest.

Enhanced 911: In the first quarter, NextNav integrated its Pinnacle technology into additional devices in support of Enhanced 911 services. Notably, NextNav announced that its z-axis technology has been integrated into Hot Pepper Mobile’s feature phone, Tabasco, as well as on all Kyocera DuraXV Extreme+ feature phones.

European Union JRC Report: On March 23, 2023, the European Union's Joint Research Centre released a new report on its trials of Alternative Position, Navigation and Timing technologies. The testing included technologies from seven different companies assessing their ability to complement Global Navigation Satellite Systems (GNSS) and address key GNSS vulnerabilities. The report recommended spectrum allocation for terrestrial systems and recognized NextNav's TerraPoiNT as a mature solution that meets or exceeds all relevant benchmarks to serve as a resilient layer to existing GNSS technology. Of the technologies tested, TerraPoiNT delivers horizontal and vertical location services, indoor-outdoor timing, while remaining commercially deployable and cost-effective for end-users.

Three Months Ended March 31, 2023 Financial Highlights

Revenue: was $830 thousand in the three months ended March 31, 2023, as compared to $1.2 million in the prior year period. The decrease was driven by a decline in one-time integration revenue, partially offset by an increase in recurring service revenue from commercial customers.

Operating Loss: was $14.0 million in the three months ended March 31, 2023, as compared to an operating loss of $16.0 million in the prior year period, primarily driven by decreases in stock-based compensation.

Net Loss: was $16.3 million in the three months ended March 31, 2023, including a loss on the fair value of warrants of $2.8 million, as compared to a net loss of $9.7 million in the prior year period, including a gain on the fair value of warrants of $6.4 million.

Balance Sheet: As of March 31, 2023, the Company had $46.8 million in cash, cash equivalents and short-term investments.

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Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 PM ET on May 10, 2023, to discuss its financial results for the first quarter 2023 and business outlook. To access the call, please register by visit

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EXHIBIT 99.1

Exhibit 99.1

NextNav Inc. Reports Fourth Quarter and Full Year 2022 Results

Launches E911 Services on Verizon in FY 2022

Signs New Device Agreements with Leading Providers, Including Sonim Technologies

Expands Relationship with NASA; Delivering PNT Services for Agency’s Urban Drone Program

McLean, VA. March 22, 2023 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2022.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We made significant progress in FY 2022 executing against our key strategic priorities, which are focused on: 1) being the leader in resilient Position, Navigation and Timing (“PNT”); 2) leveraging our Nestwave acquisition to significantly enhance the capabilities of our spectrum, and 3) expanding our global reach. We successfully completed the acquisition of Nestwave, now known as NextNav France, in October 2022 and expect to begin testing initial implementations of the combined technologies in the coming months. We continue to advance our work in the public safety sector with the launch of E911 services on Verizon, the first tier one carrier to launch an E911 device with our Pinnacle technology.

We also expanded our relationship with NASA, having recently been selected to deliver PNT services for its urban drone program at the Ames Research Center in Mountain View, California, building on their existing deployment at the Langley Research Center in Hampton, Virginia. As part of the new agreement, NASA is utilizing TerraPoiNT beacons to capture in-flight data on drone navigation, detection, and collision avoidance in support of a stronger understanding of PNT in GPS-denied environments.  Initial tests in the Bay Area will leverage TerraPoiNT’s existing network in the region, allowing for Beyond Visual Line of Sight testing for drones operating outside the visible range of a pilot.

Finally, we continue to expand our global reach with the commercial launch of our Pinnacle service with MetCom in Tokyo, Japan, as they continue the national rollout of Pinnacle. Following the launch, we continue to field significant interest from additional countries and look forward to sharing updates on our progress in the coming months.

We are excited by our progress and believe we are well positioned to continue to pursue initiatives that will advance our leadership position in PNT resilience. We look forward to the opportunities ahead and driving value for our shareholders.”

Recent Operational Highlights:

Technology Integration: Following the close of the Nestwave acquisition, now NextNav France, in October 2022, the company is focused on the integration and implementation of the overall technology. This acquisition is expected to allow us to dramatically improve the spectral efficiency of our operations through the integration of LTE / 5G technologies.  This will enhance the technical capabilities of our spectrum and is expected to dramatically reduce the capital and network operating expenditures associated with the deployment of our TerraPoiNT technology.  Based on progress to date, NextNav expects to have initial implementations of the combined technologies ready for internal testing in the second quarter of 2023.

E911/Public Safety: NextNav recently signed several new agreements in the E911 and public safety sector, including Verizon, Sonim Technologies, Prepared, and Convey911. In January 2023, the company announced the integration of its Pinnacle vertical location capabilities into Sonim’s XP3plus flip phone, which is now available to all Verizon and Verizon Frontline Customers. This is the first device launch under NextNav’s agreement with Verizon and the company expects to launch additional devices, including with other Tier One operators in the coming months. In addition, in February 2023, NextNav announced the integration of Pinnacle z-axis capability in Public Safety applications with Radio IP, a leader in secure mobile communications.

NASA: On December 6, 2022,  NextNav announced that it was selected by NASA in Mountain View, California, to deliver PNT services for its urban drone program, expanding on their deployment at the Langley Research Center in Hampton, Virginia. Utilizing NextNav's commercially deployed TerraPoiNT network in the San Francisco Bay area, NASA Ames will capture in-flight horizontal and vertical location data to validate drone flight safety at its Mountain View, California, facility.

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Three and Twelve Months Ended December 31, 2022 Financial Highlights

Revenue: was $803 thousand in the three months ended December 31, 2022, as compared to $20 thousand in the prior year period. For the twelve months ended December 31, 2022, revenue was $3.9 million, as compared with $763 thousand in the prior year period. The increase in both periods was driven by increased reven

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EX-99.1

Exhibit 99.1

NextNav Inc. Reports Third Quarter 2022 Results

Closes Acquisition of Nestwave SAS Post Quarter End, Expected to Reduce TerraPoiNT Deployment Costs by Approximately 75%

MetCom Launches Pinnacle Service in Tokyo, Japan on November 9, 2022 – Full Nationwide Rollout Expected in 2023

McLean, VA. November 10, 2022 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s third quarter ended September 30, 2022.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “The acquisition of Nestwave is a major milestone for our business and a key component of our strategy to deliver long term shareholder value. We remain focused on executing against three strategic priorities: being the leader in resilient PNT, unleashing the full value of our spectrum, and expanding our global reach. Nestwave accelerates our ability to achieve these goals by improving our underlying spectral efficiency and data capacity, dramatically reducing our future capital and network operating expenses, and enabling global 3D Positioning, Navigation and Timing (PNT) capabilities even prior to securing dedicated spectrum allocations.

We are energized by recent developments out of the Federal Government regarding Executive Order 13905, which we expect to be released in Spring of 2023. After completing inter-agency review, the order is expected to direct key federal agencies to begin including PNT resilience requirements in their procurements. NextNav is the recognized industry leader in resilient PNT solutions and is well positioned to participate in these procurements going forward.

Additionally, we are thrilled to announce the commercial launch of MetCom services in Tokyo, Japan on November 9th. This partnership is our first large-scale commercial deployment of Pinnacle outside the US and is an excellent validation of our technology platform as we expand globally.”

Recent Operational Highlights:

·        Acquisition of Nestwave SAS: On October 31, 2022, NextNav closed its acquisition of Nestwave SAS, a privately held global leader in low-power geolocation based in France. By leveraging Nestwave's unique technology and ambient LTE/5G waveform with the TerraPoiNT system, NextNav gains significant spectral efficiency, accelerates the availability of resilient PNT through a 75% reduction in TerraPoiNT deployment and network operating costs, and releases the underlying spectrum's capacity for additional data-oriented services.

·          MetCom launches Pinnacle Service: On November 9, 2022, MetCom celebrated the launch of commercial service in Tokyo, Japan, with a nationwide rollout planned for 2023.

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Three and Nine Months Ended September 30, 2022, Financial Highlights

Revenue: was $503 thousand in the three months ended September 30, 2022, as compared to $276 thousand in the prior year period. In the nine months ended September 30, 2022, revenue was $3.1 million, as compared with $743 thousand in the prior year period. The increase in both periods was driven by increased revenue from technology and services contracts with commercial customers.

Operating Loss: was $17.9 million in the three months ended September 30, 2022 as compared to an operating loss of $7.0 million in the prior year period. In the nine months ended September 30, 2022, operating loss was $51.0 million, as compared to $28.3 million in the prior year period.

Net Loss: was $18.7 million in the three months ended September 30, 2022, as compared to a net loss of $32.4 million in the prior year period. In the nine months ended September 30, 2022, net loss was $27.6 million, including a gain of $23.2 million related to the change in fair value of warrants, as compared to a net loss of $98.5 million in the prior year period.

Balance Sheet: As of September 30, 2022, the Company had $71.8 million in cash, cash equivalents and short-term investments and remains debt-free.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 PM ET on November 10, 2022, to discuss its financial results for the third quarter 2022 and business outlook. To access the call, please register by visiting the following website: https://conferencingportals.com/event/jDTlaQAq

Upon registering, each participant will be provided with call details and a registrant ID.

NextNav is also providing an investor relations presentation with information on its business and operations, which is available in the investor relations section of the NextNav website at https://ir.nextnav.com.

A replay of the call can also be accessed via phone through November 17, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 62936.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services t

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PRESS RELEASE DATED AUGUST 10, 2022

Exhibit 99.1

NextNav Inc. Reports Second Quarter 2022 Results

Extends Leadership Position in 3D Geolocation with New Partnerships in Public Safety; Delivers $1.4 Million in Revenue in the Second Quarter

US Government Accelerates Efforts Towards Position, Navigation and Timing (“PNT”) Resilience

Signed Commercial Agreement with MetCom for Nationwide Expansion of Pinnacle Service in Japan

MCLEAN, Va. – August 10, 2022 – NextNav (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s second quarter ended June 30, 2022.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “The second quarter was another period of continued execution for NextNav. We are seeing growing interest in our technology and services across multiple industry verticals and the government. We delivered revenue of $1.4 million, driven by further adoption of our tech offering across various customers and platforms. Our Pinnacle service is gaining traction, as we signed several strategic partnerships in the public safety arena, including one of the largest public safety software providers in the country. We are also thrilled to have signed a commercial agreement with MetCom for commercial enablement of the Pinnacle service across Japan, as well as continued work to secure commercial approval for TerraPoiNT and the 5MHz of spectrum. Given the strategic nature of the opportunity we also made an investment of $1.1 million in the funding round led by Drone Fund.

We are also pleased with the increasing activity from the U.S. government to advance initiatives towards PNT resilience. Driving off of Executive Order 13905, which requires all federal procurement to include PNT resilience, and the recently released 2021 Federal Radionavigation plan, individual agencies are now beginning to align their procurement activities consistent with the PNT resiliency requirements of these orders. As an example, the FAA is one of the first government agencies to recently update their guidelines to include PNT resilience as part of their procurement process and migrate their services away from using Time & Frequency dependent upon satellite-based systems by 2025. Looking ahead, we expect to be an integral part of the government’s resilient PNT strategy, thereby generating shareholder value over the long term.”

Recent Operational Highlights:

NextNav Signs Commercial Agreement with MetCom in Japan: In June 2022, NextNav and MetCom announced a commercial agreement for the nationwide deployment of 3D geolocation services in Japan, starting with the rollout of the Pinnacle vertical location service. Beyond Pinnacle, NextNav is also working with MetCom to enable TerraPoiNT’s resilient back-up GPS service in Japan to further augment these capabilities in the future.

GCT Semiconductor Partners with NextNav to Integrate TerraPoiNT in GCT’s LTE Chipset: In June 2022, NextNav announced the successful integration of its TerraPoiNT advanced location technology into GCT's LTE chipset. GCT, a leading designer and supplier of advanced 4G and 5G solutions, will offer resilient 3D GPS equivalent performance into its standard LTE chip, GDM7243i. The chipset flexibly supports a range of frequencies including all of the LTE bands worldwide, including both the 920-928 MHz spectrum owned by NextNav within the US, as well as the 855-860 MHz where NextNav's TerraPoiNT system operates in Japan.

NextNav Signs Several New Partnerships in the Public Safety Arena: NextNav recently signed several new partnerships in the public safety arena, including agreements with Geocomm, NGA911, Vitals Aware, RapidDeploy, Vizsafe, CentralSquare Technologies, Valor Systems and VOS Systems. Each agreement leverages NextNav’s Pinnacle vertical location services to provide a more accurate picture of the z-axis location of a company’s workforce, visitors and resources across multi-story buildings.

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Three and Six Months Ended June 30, 2022 Financial Highlights:

Revenue: was $1.4 million in the three months ended June 30, 2022, as compared to $216 thousand in the prior year period. In the six months ended June 30, 2022, revenue was $2.6 million, as compared with $467 thousand in the prior year period. The increase in both periods was primarily driven by increased revenue from technology and services contracts with commercial customers.

Operating Loss: was $17.0 million in the three months ended June 30, 2022 as compared to an operating loss of $8.6 million in the prior year period. In the six months ended June 30, 2022, operating loss was $33.1 million, as compared to $21.2 million in the prior year period.

Net Income: was $0.8 million in the three months ended June 30, 2022, including a gain of $17.8 million related to the change in fair value of warrants, as compared to a net loss of $39.0 million in the prior year period. In the six months ended Jun

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PRESS RELEASE DATED MAY 12, 2022

Exhibit 99.1

NextNav Inc. Reports First Quarter 2022 Results

Extends Leadership Position in 3D Geolocation, with New Partnerships in Public Safety, Gaming and IOT

NextNav’s 3D Geolocation Data is Powering the Metaverse, Offering a Novel Approach to Authenticating Transactions

MCLEAN, VA. – May 12, 2022 – NextNav (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s first quarter ended March 31, 2022.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We are off to a solid start to the year as we expand on the foundational work behind building the future of next generation GPS. We continue to see strong momentum in the adoption of vertical location capabilities with our Pinnacle service across markets, including public safety, gaming and IoT, helping to drive $1.2 million in revenue in the first quarter. We are also making strong progress building towards the launch of our TerraPoiNT network, with its market leading accuracy and reliability continuing to be validated by independent agencies and groups at both the government and industry level. We remain encouraged by the traction we’re gaining in key markets and with notable platforms and partners and are excited for the opportunities ahead.”

Recent Operational Highlights:

●NextNav Partners With NGA to Bring Vertical Location to the NG9-1-1 Community: In April 2022, NextNav partnered with NGA 911, LLC (NGA) to provide actionable vertical location to its ever-growing public safety client base. Using the NGA-powered NGCS ESInet, agencies gain greater situational awareness and benefit from a common picture of Emergency Communication Centers (ECCs) in a single framework.

●GeoComm Partners With NextNav to Improve Emergency Response Indoors: In May 2022, NextNav announced a partnership with GeoComm, one of the leaders in map data and location intelligence for Public Safety. Through the partnership, GeoComm will be able to convert position information and make it actionable – converting to street address, building, floor information making it more actionable.

●NextNav, Widow Games Bring First-Ever 3D Geolocation Authentication to the Metaverse: In April 2022, NextNav announced that it is partnering with Widow Games to bring NextNav’s 3D geolocation capabilities to their applications, enabling more immersive virtual experiences tied to the real environments of users, and leveraging location verification to validate transactions and interactions in the metaverse.

●echo3D Partnership to Unlock New Metaverse Experiences: In February 2022, NextNav announced that it has partnered with echo3D, a cloud platform that is revolutionizing the way 3D, augmented reality (AR) and virtual reality (VR) content is stored and streamed to provide echo3D developers with the crucial 3D location data needed to build immersive AR and VR content built on top of the physical world.

●NextNav Partners with Last Mile Technology to Enhance Asset Tracking: In April 2022, NextNav announced a partnership with Last Mile Technology, a provider of proprietary asset movement and sensor event analysis services, to enhance vertical location capabilities of their asset tracking solutions. With vertical location intelligence powered by NextNav’s Pinnacle service, Last Mile’s Multi-function Asset Tracker can now report precise 3D geolocation data of any asset via API, web, or mobile applications.

Three Months Ended March 31, 2022 Financial Highlights:

●Revenue: was $1.2 million in the three months ended March 31, 2022, as compared to $251 thousand in the prior year period, primarily driven by increased revenue from technology and services contracts with commercial customers.

●Operating Loss: was $16 million in the three months ended March 31, 2022, including $7.2 million in stock compensation expense, as compared to an operating loss of $12.6 million in the prior year period, including $5.3 million related to issuance of vested warrants for rent expense.

●Net Loss: was $9.7 million in the three months ended March 31, 2022, including a gain of $6.4 million related to the change in fair value of warrants, as compared to $27.1 million in the prior year period, including a loss of $11.7 million related to a change in the fair value of warrants.

●Balance Sheet: As of March 31, 2022, the Company had $93.8 million in cash and was debt-free.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 PM ET on May 12, 2022, to discuss its financial results for the first quarter 2022 and business outlook. To access the call, please register by visiting the following website: https://conferencingportals.com/event/jDTlaQAq.

Upon registering, each participant will be provided with call details and a registrant ID.

NextNav is also providing an investor relations presentation with information on its

EX-99.1

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PRESS RELEASE DATED MARCH 23, 2022

Exhibit 99.1

NextNav Inc. Reports Fourth Quarter and Full Year 2021 Results

Launched Commercial Service for First Responders with FirstNet by AT&T and Signed Milestone Agreement with a Nationwide Carrier for E911

Ended Year with a Strong Balance Sheet Including No Debt and $100 Million in Cash

Signed Important Platform Agreements in Full Year 2021, Resulting in $2.4 Million in Customer Billings

MCLEAN, VA – March 23, 2022 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2021.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “It was an exciting year for NextNav, capped off by the completion of our business combination with Spartacus Acquisition Corp., and continued execution against our strategic growth initiatives. We signed several marquee customer agreements with companies including, Qualcomm, Bosch Sensortec and one of the nation’s largest wireless carriers. We continued to build a solid pipeline of customers for our Pinnacle service in market segments such as public safety and gaming. Our next generation terrestrial-based network, TerraPoiNT, underpinned by 2.4 billion MHz Pops of nationwide spectrum, continues to perform well in independent testing by global agencies and groups, further validating the market-leading performance and resilience of this revolutionary technology.

We are encouraged by the traction we are gaining in key markets and with notable platforms and partners in the U.S., resulting in customer billings of $2.4 million in 2021, the vast majority of which occurred in the fourth quarter. We are also looking forward to building traction in important international markets and look forward to capitalizing on the groundwork we laid in 2021.”

Recent Operational Highlights:

·Nationwide Wireless Carrier for E911: In December 2021, NextNav entered into an agreement with one of the nation’s largest wireless carriers to deliver vertical location for Enhanced 911 (“E911”), using NextNav’s Pinnacle 911 solution for all its customers.

·Qualcomm Technologies: In October 2021, NextNav announced a collaboration with Qualcomm Technologies, Inc., to enable NextNav’s Pinnacle 911 z-axis software and network-based services for use with the Qualcomm Location Suite. The effort is expected to facilitate device and original equipment manufacturer vendors’ ability to integrate z-axis capabilities into existing carrier infrastructure for 911 purposes.

·Bosch Sensortec: In December 2021, NextNav announced a partnership with Bosch Sensortec, the leading provider in sensing solutions for consumer electronics, to enable more precise vertical location in barometric pressure sensors.

·European Commission's Joint Research Centre’s Trial: In February 2022, NextNav announced its participation in the European Commission’s Joint Research Centre alternative positioning, navigation, and timing (“PNT”) evaluation in Ispra, Italy. The test furthers the European Union’s creation of a backup to the Global Navigation Satellite System, such as Galileo or GPS, and is intended to assess which technologies could strengthen and expand the European PNT capacity.

Three and Twelve Months Ended December 31, 2021 Financial Highlights:

·Revenue: was $0.02 million in the three months ended December 31, 2021, as compared to $0.1 million in the prior year period. For the twelve months ended December 31, 2021, revenue was $0.8 million, associated with customer billings of $2.4 million, as compared with $0.6 million in the prior year period, primarily driven by increased revenue from technology and services contracts with commercial customers.

·Operating Loss: was $(14.2) million in the three months ended December 31, 2021, as compared to $(13.0) million in the prior year period. For the twelve months ended December 31, 2021, operating loss was $(42.4) million, as compared to $(29.5) million in the prior year period.

·Net Loss: was $(46.2) million in the three months ended December 31, 2021, primarily driven by a change in fair value of warrants, as compared to $(113.9) million in the prior year period and $(144.7) million in the twelve months ended December 31, 2021, primarily driven by a change in fair value of warrants, as compared to $(137.3) million in the prior year period.

·Balance Sheet: As of December 31, 2021, the Company had $100 million in cash and was debt-free, providing balance sheet flexibility.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 PM EST on March 23, 2022, to discuss its financial results for the fourth quarter and Full Year 2021 and business outlook. To access the call, please register by visiting the following website: https://www.incommglobalevents.com/registration/q4inc/10288/nextnav-q4/#3921-earnings/.

Upon reg

EX-99.1

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PRESS RELEASE DATED NOVEMBER 15, 2021

Exhibit 99.1

NextNav Inc. Reports Third Quarter 2021 Results

Successfully Closed Business Combination with Spartacus Acquisition Corporation

Signed Major Partnerships with Industry Leaders Including Qualcomm Technologies, Atlas: Earth and

MetCom; Launched Unreal Engine Plug-In

Year-to-Date Revenue Up 60% Year-over-Year

on Growing Customer and Platform Adoption

MCLEAN, VA

– November 15, 2021 – NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s third quarter ended September 30, 2021 achieved prior to the completion of the company’s business combination with Spartacus Acquisition Corp. on October 28, 2021.

Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We are thrilled to have successfully completed our business combination with Spartacus Acquisition Corp., and to now be a publicly traded company. Year-to-date, our revenue was up 60% year-over-year, driven by an accelerating pace of platform adoption and associated integration revenue. We continue to see growth in companies’ desire to add floor level vertical mobility, which we believe will position us well as we continue to execute on our strategic growth priorities. I feel confident in where the business stands today, and I am excited about our growth trajectory moving forward.”

Operational Highlights:

●Public Market Debut: Completed the business combination between NextNav and Spartacus Acquisition Corp. with $231 million in gross proceeds and began trading on Nasdaq as “NN” on October 29th, 2021. The completion of the transaction followed a successful PIPE process with blue-chip, long-term investors.

●Qualcomm Technologies Inc.: Collaboration with Qualcomm enables NextNav’s Pinnacle 911 z-axis software and network-based services for use with the Qualcomm Location Suite, making it easy for device/OEM vendors to integrate z-axis capabilities into existing carrier infrastructure for 911 purposes.

●MetCom Co., Ltd.: MetCom, a joint venture with Sony and Kyocera, began a pilot program for high-precision vertical positioning services leveraging NextNav’s vertical location service, Pinnacle, in select areas of Tokyo in September 2021.

●Unreal Engine Plug-In: NextNav launched its Unreal Plug-In in August 2021, after being awarded an Epic MegaGrant from Epic Games. This plug-in allows developers to unlock the full potential of 3D location across any application created with the Unreal Engine.

●Atlas: Earth: NextNav’s Pinnacle plug-in has been integrated into Atlas Gaming’s immersive game, Atlas: Earth, developed on the Unity Engine, to deliver precise vertical location, enabling users to record visits to locations such as the top floor of the Empire State Building.

●Demonstrates Industry Leading GPS-Free PNT Network in DHS Trial: NextNav successfully demonstrated the timing precision and resilience of its terrestrial Position, Navigation, and Timing (PNT) system, TerraPoiNT, in an evaluation by the Science & Technology Directorate of the Department of Homeland Security. The industry-first trial tested the timing redundancy of the TerraPoiNT system in a number of scenarios, including instances of GPS outages, spoofing, and jamming.

Three and Nine Months Ended September 30, 2021 Financial Highlights:

●Revenue: increased 38% year-over-year to $0.3 million in the three months ended September 30, 2021, increased 60% year-over-year to $0.7 million in the nine months ended September 30, 2021, primarily driven by increased revenue from contracts with commercial customers.

●Operating Loss: was $(7.0) million in the three months ended September 30, 2021, as compared to $(5.4) million in the prior year period and $(28.3) million in the nine months ended September 30, 2021, as compared to $(16.5) million in the prior year period.

●Net Loss: was $(32.4) million in the three months ended September 30, 2021, driven by a change in fair value of warrants, as compared to $(6.8) million in the prior year period and $(98.5) million in the nine months ended September 30, 2021, driven by a change in fair value of warrants, as compared to $(23.4) million in the prior year period.

●Balance Sheet: As of September 30, 2021, the Company’s debt balance was $91.4 million, including paid-in-kind interest and accrued cash interest, and cash balance was $1.6 million. Immediately following the business combination with Spartacus Acquisition Corp., the Company is debt free and realized net proceeds of approximately $104.2 million.

Basis of Presentation

The financial information for the three and nine months ended September 30, 2021 and the three and nine months ended September 30, 2020 included in this press release reflects, and is based upon, information of NextNav Holdings, LLC prior to giving effect to the business combination with Spartacus Acquisition Corporation completed on October 2