Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 272

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 272
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The following summarizes the principal factors that make an investment in us speculative or risky, all of which are more fully described in “Item 1A. Risk Factors” below. This summary should be read in conjunction with “Item 1A. Risk Factors” and should not be relied upon as an exhaustive summary of the material risks facing our business.

Risks Related to the Business and the Industry

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We have incurred significant losses since inception. We expect to incur losses in the future, may not be able to achieve or maintain profitability, and may need to raise additional capital to maintain our operations in the future. 

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 The developing nature of our technology and product services makes it difficult to evaluate our future prospects and the risks and challenges we may encounter.   

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 The Indenture governing our senior secured notes contains restrictions and other provisions regarding events of default that may make it more difficult to execute our strategy or to effectively compete, or that could materially and adversely affect our financial position.   

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 Our ability to sell Pinnacle z-axis service may
be limited and depends on third-party adoption and market demand.  

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 The majority of our business plan depends on selling services that must be licensed and integrated into our customers’ platforms for sales to end users, and we typically only generate revenue from the arrangements when end users access those third-party platforms and utilize our services.   

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 Depending on whether the FCC grants approval of our petition, we may not be successful in the evolution of our operations to utilize 5G NR signals, which will increase our costs and may increase the challenge of adopting our services, and the time it takes us to evolve our service may differ from our estimates.   

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 We face intense competition in our market, especially from competitors that offer their location services for free, which could make it difficult for us to acquire and retain customers and end users.   

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 We face competition from multiple sources.   

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We rely, in part, on AT&T for distribution of our services to FirstNet® customers.   

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 Our services may not continue to be adopted or retained by wireless carriers and device vendors for E911.   

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 Our Pinnacle service in smartphones relies on the availability of barometric pressure measurements and 2D location being made available to us or our customers.   

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 Distribution and marketing of, and access to, our services in smartphones are contingent on our distribution partners’ and customers’ access to a variety of third-party platforms, in particular, mobile application stores. If