Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 291

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 291
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 flow or losses resulting from expanding our operations, this could have a material adverse effect on our business, financial condition and results of operations.

We believe that our cash and cash equivalents and marketable securities as of December 31, 2024 will be sufficient to meet our working capital and capital expenditure needs, including all contractual commitments, beyond the next 12 months from the date of filing this Annual Report on Form 10-K. We expect to meet longer term expected future cash requirements and obligations through a combination of cash flows from operations and issuance of equity securities or debt offerings. However, this determination is based upon internal financial projections of operating cash flows and is subject to changes in market and business conditions. Our ability to obtain debt financing and/or issue equity securities on acceptable terms, or at all, will depend on, among other things, our financial performance and credit ratings, general economic factors, including inflation and prevailing interest rates, the condition of the credit and capital markets and other events, some of which may be beyond our control.

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.

We have been focused on developing the next generation of complementary and backup PNT services and in order for us to be profitable, our services require substantial adoption across disparate industries, and may further depend on the deployment of our NextGen technology. Our existing services have been adopted for E911 and public safety customers, but we have not achieved broad adoption across all industries that may be necessary to achieve significant revenue growth or profitability. Risks and challenges we have faced or expect to face in connection with commercially marketing our services include our ability to:

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forecast our revenue and budget for and manage our expenses;    

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attract new customers and retain existing customers;    

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effectively manage our growth and business operations, including planning for and managing capital expenditures for our current and future infrastructure, and managing our supply chain and supplier relationships related to our services;    

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effectively manage our spending on sales and marketing in order to address a disparate set of industries;    

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comply with existing and new or modified laws and regulations applicable to our business;    

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anticipate and respond to macroeconomic changes and changes in the markets in which we operate; 

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secure the FCC rule changes needed to support the deployment of 5G-compatible PNT technologies;    

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maintain and enhance the value of our reputation and brand;