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Sep 30, 2024
AST SpaceMobile Q3 2024 Earnings Report
AST SpaceMobile reported Q3 2024 results, highlighting progress in satellite deployment and initial operations, securing launch capacity, expanding customer ecosystem, and maintaining a strong balance sheet.
Key Takeaways
AST SpaceMobile reported its Q3 2024 results, achieving successful initial operations of its first five BlueBird satellites, securing orbital launch capacity for future satellites, expanding its customer ecosystem with new U.S. Government contracts, and maintaining a strong balance sheet with $518.9 million in cash, cash equivalents, and restricted cash.
First five commercial BlueBird satellites achieved successful initial operations and filed STA request with FCC to begin beta service with AT&T and Verizon.
Secured orbital launch capacity to enable continuous space-based cellular broadband service coverage in key markets through agreements with Blue Origin and SpaceX.
Expanded the AST SpaceMobile customer ecosystem, adding three new contract awards with the U.S. Government.
Maintained a strong balance sheet with $518.9 million in cash, cash equivalents, and restricted cash.
AST SpaceMobile
AST SpaceMobile
Forward Guidance
AST SpaceMobile is focused on securing orbital launch capacity, growing manufacturing capability, and expanding its customer ecosystem.
Positive Outlook
- Achieved successful initial operations of first five BlueBird satellites.
- Secured orbital launch capacity with Blue Origin and SpaceX.
- AST5000 ASIC chip initial validation achieved.
- Expanded customer ecosystem with three new U.S. Government contract awards.
- Strong balance sheet with $518.9 million in cash.