NextNav Inc. Reports Second Quarter 2022 Results
Retrieved on:
Wednesday, August 10, 2022
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MCLEAN, Va., Aug. 10, 2022 (GLOBE NEWSWIRE) -- 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.
Key Points:
- 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
MCLEAN, Va., Aug. 10, 2022 (GLOBE NEWSWIRE) -- NextNav (NASDAQ: NN) (NextNav or the Company), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNavs 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.
- GCT Semiconductor Partners with NextNav to Integrate TerraPoiNT in GCTs LTE Chipset: In June 2022, NextNav announced the successful integration of its TerraPoiNT advanced location technology into GCT's LTE chipset.
- NextNav will host a conference call for analysts and investors at 10:00 AM ET on August 10, 2022, to discuss its financial results for the second quarter 2022 and business outlook.