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Sep 30, 2022
AST SpaceMobile Q3 2022 Earnings Report
AST SpaceMobile reported its business update for Q3 2022, highlighting the successful unfolding of BlueWalker 3 and progress in industrializing the SpaceMobile constellation.
Key Takeaways
AST SpaceMobile reported an increase in total operating expenses, driven by increased research and development costs. The company successfully launched and unfolded the BlueWalker 3 test satellite and is planning to launch five Block 1 BlueBird satellites in late 2023. They ended the quarter with $199.5 million in cash, cash equivalents, and restricted cash.
Successfully launched the BlueWalker 3 test satellite from Cape Canaveral, FL.
Successfully unfolded the largest communications array ever deployed on a commercial Low Earth Orbit satellite
Capitalized costs of $92.1 million related to the BlueWalker 3 test satellite assembly, testing, and deployment.
Ended the third quarter with cash, cash equivalents, and restricted cash of $199.5 million.
Forward Guidance
No specific forward guidance was provided in the press release.
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