The earnings call presented a positive outlook with significant achievements in satellite launches, government contracts, and financial strength. While there were some challenges with increased costs and operational expenses, the strategic initiatives and strong capital position suggest a promising future.

Company Guidance

During the AST SpaceMobile Q3 2024 earnings call, the company provided guidance on its ambitious plans to expand its satellite network and enhance its commercial and government operations. AST SpaceMobile successfully launched five Block 1 BlueBird satellites, with plans to deploy up to 60 additional satellites in 2025 and 2026, leveraging partnerships with Blue Origin, SpaceX, and ISRO. The company aims for continuous coverage with 45 to 60 satellites, potentially reaching hundreds of millions of subscribers across key global markets, including the United States, Europe, and Japan. Financially, AST SpaceMobile reported non-GAAP adjusted cash operating expenses of $45.3 million for Q3, with capital expenditures of $26.5 million directed toward satellite production and facilities. The company ended the quarter with $518.9 million in cash, bolstered by public warrant exercises and ATM facility proceeds. AST SpaceMobile is also progressing with its government business, securing four contracts with the U.S. government, and anticipates significant revenue contributions from its government and commercial initiatives as it moves toward full-scale operations.

Successful Launch of BlueBird Satellites

Launched and deployed 5 Block 1 BlueBird satellites, marking the largest commercial phased array ever launched into LEO.

Secured Launch Capacity

Secured additional launch capacity for up to 60 satellites with Blue Origin and SpaceX, aiming for continuous coverage.

Government Contracts and Recognition

Selected by the Space Development Agency as a prime contractor and secured multiple contracts with the U.S. government, indicating strong potential for future revenue.

Financial Strength and Capital Raise

Raised significant capital, increasing cash balance to $518.9 million, through public warrants and ATM facilities.

Advancements in ASIC Technology

Achieved initial validation of the AST5000 chip, indicating a competitive advantage and future capacity improvements.

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AST SpaceMobile (ASTS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ASTS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 28, 2025	2024 (Q4)	-0.17 / -	-0.35	―	―	―
Nov 14, 2024	2024 (Q3)	-0.20 / -1.10	-0.23	-378.26% (-0.87)
Aug 14, 2024	2024 (Q2)	-0.22 / -0.51	-0.24	-112.50% (-0.27)
May 15, 2024	2024 (Q1)	- / -	-0.23	―
Apr 01, 2024	2023 (Q4)	-0.21 / -0.16	-0.23	30.43% (+0.07)
Nov 14, 2023	2023 (Q3)	-0.21 / -0.23	-0.18	-27.78% (-0.05)
Aug 14, 2023	2023 (Q2)	-0.16 / -0.24	-0.06	-300.00% (-0.18)	―	―
May 15, 2023	2023 (Q1)	- / -	-0.21	―
Mar 31, 2023	2022 (Q4)	-0.17 / -0.23	-0.21	-9.52% (-0.02)
Nov 14, 2022	2022 (Q3)	- / -0.18	0.07	-357.14% (-0.25)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ASTS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2024	$26.80	$24.23	-9.59%
Aug 14, 2024	$20.81	$31.36	+50.70%
May 15, 2024	$2.39	$4.03	+68.62%
Apr 01, 2024	$2.63	$2.01	-23.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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