NextNav Q1 2022 Earnings Report
Key Takeaways
NextNav reported a solid start to the year, driven by the adoption of vertical location capabilities with its Pinnacle service across markets, including public safety, gaming, and IoT. The company generated $1.2 million in revenue in the first quarter and made strong progress in building towards the launch of its TerraPoiNT network.
Expanded on the foundational work behind building the future of next generation GPS.
Saw strong momentum in the adoption of vertical location capabilities with Pinnacle service across markets, including public safety, gaming and IoT.
Made strong progress building towards the launch of TerraPoiNT network.
Market leading accuracy and reliability continuing to be validated by independent agencies and groups at both the government and industry level.