AST SpaceMobile Reports 2024 Financial Results and Growth

AST SpaceMobile ( (ASTS) ) just unveiled an announcement.

AST SpaceMobile announced its business update and financial results for the fourth quarter and full year of 2024, highlighting significant advancements in its commercialization efforts and strategic agreements. The company secured a long-term commercial agreement with Vodafone and a $43 million contract with the U.S. Space Development Agency, enhancing its market position in the direct-to-device satellite communications industry. AST SpaceMobile also achieved operational status for its first five BlueBird satellites and is accelerating satellite manufacturing to expand its network. Financially, the company reported nearly $1 billion in cash and a decrease in operating expenses, positioning it well for future growth.

More about AST SpaceMobile

AST SpaceMobile is a company focused on building the first and only space-based cellular broadband network that can be accessed directly by standard, unmodified mobile devices. The network is designed for both commercial and government applications, aiming to eliminate connectivity gaps for mobile subscribers worldwide.

YTD Price Performance: 25.28%

Average Trading Volume: 10,278,202

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.85B

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