NextNav Inc.

Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to NextNav fourth quarter and full year 2023 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during that time, simply press star followed by the number one on your telephone keypad. And if you'd like to withdraw your question, again, press star one. Thank you. I would now like to turn the conference over to Erica Bartsch. Erica, you may begin your conference.

Good afternoon, everyone, and welcome to NextNav's fourth quarter and full year 2023 results earnings conference call. Participating on today's call are Mariam Sarand, NextNav's CEO, Gary Parsons, NextNav's Chairman, and Chris Gates, NextNav's Chief Financial Officer. Before we begin, please note that during today's presentation, the company may make forward-looking statements, either in our prepared remarks or in the associated question and answer session. In particular, such forward-looking statements may include statements about NexNav's business plans, objectives, expectations, and intentions to drive growth in its 3D geolocation businesses and expansion of its next-generation GPS platform to maximize the value of its IP portfolio and spectrum, its international business, as well as NextNav's partnerships and the potential success thereof, NextNav's estimated and future business strategies, competitive position, industry environment, and other potential growth opportunities. These statements are based on current expectations or beliefs. However, such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of NextMAS control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These statements may relate to, but are not limited to, expectations regarding our strategies and future financial performance, including future business plans or objectives, expected functionality of our geolocation services, anticipated timing and level of deployment of our services, anticipated demand and acceptance of our services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, commercial partnership acquisition and retention, products and services, pricing, market plans, and our ability to realize the anticipated technical and business benefits associated with acquisitions and any subsequent mergers, acquisitions, or other transactions, factors relating to our future operations, projected capital resources and financial positions, estimated revenue and losses, projected costs and capital expenditures and expectations about international markets, projections of market growth and size, including the level of market acceptance for our services, our ability to adequately protect key intellectual property rights or proprietary technology, our ability to maintain our location and monitoring service licenses and obtain additional lms licenses as necessary our ability to maintain adequate operational financial resources including for research and development or raise additional capital or generate sufficient cash flows our ability to develop and maintain effective internal controls our success in recruiting and or retaining officers key employees or directors expansion plans and opportunities costs related to the public company our ability to maintain the listing of our securities on NASDAQ, macroeconomic factors and their effects on our operations, and the outcome of any known and unknown litigation and regulatory proceedings, as well as assumptions relating to the foregoing. Accordingly, forward-looking statements should not be relied upon as representing our views of any subsequent date, and we do not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Following our prepared remarks, the company will host an operator-led question and answer session. In addition, at the conclusion of today's call, a replay of our discussion will be posted to the company's investor relations website. With that, I'll turn the call over to NextNet's chairman, Gary Parsons. Please go ahead.

Well, thanks very much, and good afternoon, everyone, and welcome to NextNav's fourth quarter and full year 2023 earnings call. Joining me on today's call are Marion Cerrone, NextNav's chief executive officer, and Chris Gates, NextNav's executive vice president and CFO. You know, 2023 proved to be a year of major progress for NextNav. We furthered our position navigation and timing, or P&T technology. Increased our financial flexibility with $70 million in additional funding, providing a multi-year liquidity profile. Expanded our wireless carrier and handset customer base for E911 3D location and first responder situational awareness. Landed P&T contracts with government agencies and Tier 1 chipset manufacturers. And most significantly from my viewpoint, We recruited an extraordinary chief executive officer to lead us to the next stage of NexNav's evolution. As you know, Mariam brings over three decades of technology, spectrum, and product leadership across wireless, wireline, satellite, and cloud companies. She is renowned for her technical and regulatory expertise and has hit the ground running during her first 100 days at the helm. So now let me turn it over to Mariam to introduce herself. tell you what attracted her to this opportunity, and give you a preview of her vision for NexNav's technology, products, and spectrum assets. Marion?