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Dec 31, 2024
AST SpaceMobile Q4 2024 Earnings Report
AST SpaceMobile reported increased revenue but continued operating losses in Q4 2024.
Key Takeaways
AST SpaceMobile achieved revenue of $1.92 million in Q4 2024 while continuing to expand its commercial agreements and satellite deployment efforts. However, the company reported a net loss of $35.86 million as it ramps up operations. Total operating expenses decreased slightly year-over-year, and cash reserves remained strong at $567.5 million, ensuring sufficient funding for future satellite manufacturing and deployment.
Revenue for Q4 2024 reached $1.92 million, up from zero in the previous year.
Net loss totaled $35.86 million due to ongoing operational and development expenses.
Total operating expenses were $60.64 million, reflecting a controlled cost structure.
Cash and cash equivalents increased to $567.5 million, bolstering liquidity.
Forward Guidance
AST SpaceMobile is focused on scaling its satellite deployment, advancing commercial partnerships, and preparing for initial revenue generation from mobile operators in 2025.
Positive Outlook
- Secured a $43 million contract with the U.S. Space Development Agency.
- Expanded partnerships with Vodafone, AT&T, and Verizon for direct-to-device connectivity.
- Increased cash reserves to nearly $1 billion, supporting future satellite launches.
- Began manufacturing 40 new Block 2 BlueBird satellites to expand coverage.
- Received FCC approval for special temporary authority with major U.S. mobile operators.
Challenges Ahead
- Net losses remain high as commercialization efforts continue.
- Revenue growth is still limited despite increasing partnerships.
- Significant capital expenditures required for satellite production and launches.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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