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Stock impact report

NextNav Inc. Reports First Quarter 2022 Results

NextNav Inc. (NN) 
Company Research Source: GlobeNewswire
 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 (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 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 Show less Read more
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