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Mar 31, 2024
AST SpaceMobile Q1 2024 Earnings Report
AST SpaceMobile reported results for Q1 2024 and provided a business update.
Key Takeaways
AST SpaceMobile reported cash, cash equivalents, and restricted cash of $212.4 million as of March 31, 2024. The company is on track for July or August delivery of 5 Block 1 satellites to Cape Canaveral and signed a 6-year definitive commercial agreement with AT&T for SpaceMobile Service.
On target for July or August delivery of 5 Block 1 satellites to Cape Canaveral
Signed milestone, 6-year definitive commercial agreement with AT&T for SpaceMobile Service
First 5 satellites allow U.S. nationwide non-continuous service with 5,600+ cells in premium low-band spectrum
Activities and discussions with government regulatory bodies, including FCC, are advancing as expected
Forward Guidance
AST SpaceMobile is preparing for the launch of their first five commercial satellites and initial commercial service.
Positive Outlook
- On target for July or August delivery of 5 Block 1 satellites to Cape Canaveral
- Signed milestone, 6-year definitive commercial agreement with AT&T for SpaceMobile Service
- First 5 satellites allow U.S. nationwide non-continuous service with 5,600+ cells in premium low-band spectrum
- Activities and discussions with government regulatory bodies, including FCC, are advancing as expected
- Continue to advance discussions with additional strategic partners, following the blueprint of commercial payments alongside commercial agreements
Historical Earnings Impact
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Avg. Return Before/After Earnings
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