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Mar 31, 2022
AST SpaceMobile Q1 2022 Earnings Report
AST SpaceMobile reported business update for the first quarter ended March 31, 2022.
Key Takeaways
AST SpaceMobile reported strong momentum across the business, advancing industrialization activities and progressing towards the planned summer launch of BlueWalker 3 satellite. The company ended the quarter with $255.1 million in cash, cash equivalents, and restricted cash.
BlueWalker 3 satellite is substantially complete and targeted to launch in the Summer of 2022, having undergone over 700 tests.
Received an experimental license from the FCC authorizing BlueWalker 3 space-to-ground testing in the United States.
Sean Wallace was appointed as Executive Vice President and Chief Financial Officer.
Announced a memorandum of understanding with Globe Telecom, Inc., bringing the number of subscribers represented by mobile network operators who have agreements and MOUs with AST SpaceMobile to more than 1.8 billion.
Forward Guidance
No explicit forward guidance was provided in the press release.
Historical Earnings Impact
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