NASDAQ$ASTS

AST SpaceMobile Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

AST SpaceMobile reported business update for the first quarter ended March 31, 2022.

AST SpaceMobile reported strong momentum across the business, advancing industrialization activities and progressing towards the planned summer launch of BlueWalker 3 satellite. The company ended the quarter with $255.1 million in cash, cash equivalents, and restricted cash.

  • BlueWalker 3 satellite is substantially complete and targeted to launch in the Summer of 2022, having undergone over 700 tests.
  • Received an experimental license from the FCC authorizing BlueWalker 3 space-to-ground testing in the United States.
  • Sean Wallace was appointed as Executive Vice President and Chief Financial Officer.
  • Announced a memorandum of understanding with Globe Telecom, Inc., bringing the number of subscribers represented by mobile network operators who have agreements and MOUs with AST SpaceMobile to more than 1.8 billion.

Headline financials

Total Revenue

$2.39M

Previous: $303K+689.5%
EPS (adj)

-$0.21

Previous: $0.00
Capital Expenditures

-$4.66M

No prior period
Free Cash Flow

-$42.6M

Previous: $597K-7228.9%
Net Income

-$37.9M

Previous: $597K-6448.4%
Operating Income

-$32.3M

Previous: -$1.43M-2153.4%
Gross Profit

$408K

Previous: $303K+34.6%
Cash & Equivalents

$254M

No prior period
Total Assets

$415M

No prior period

Revenue & EPS history

AST SpaceMobile · Revenue · Quarterly

$2.39M

Q1 2022+689.5%vs Q1 2021
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

No explicit forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.2%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+18.4%

Avg return

30 days after

38%

10 / 26 earnings

Positive

+60.6%

Q1 2024

Best reaction

-30.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.9%+11.3%+16.4%
Q4 2025+6.5%+2.9%+6.6%
Q3 2025-1.2%-10.6%+23.4%
Q2 2025+0.0%+7.0%+133.7%
Q1 2025+1.7%-2.1%+80.2%
Q4 2024+11.7%+1.9%-29.8%
Q3 2024-13.1%-6.3%-15.8%
Q2 2024+49.6%+84.2%+42.3%
Q1 2024+60.6%+110.4%+307.2%
Q4 2023-30.7%-24.0%-22.1%
Q3 2023+16.5%+20.7%+37.2%
Q2 2023-13.3%-9.4%-5.4%
Q1 2023-4.1%+2.7%+15.2%
Q4 2022-24.8%-33.8%-17.3%
Q3 2022-15.0%-25.3%-55.2%
Q2 2022+19.8%+5.7%-12.8%
Q1 2022-2.9%+0.8%-17.3%
Q4 2021+2.8%-0.2%-26.9%
Q3 2021-3.0%-8.9%-34.6%
Q2 2021-13.3%-11.7%+16.7%
Q1 2021+4.7%+4.4%+51.4%
Q4 2020-3.9%-6.9%-15.7%
Q2 2020+0.0%-0.3%+0.4%
Q1 2020+0.0%+0.0%+0.2%
Q4 2019-0.3%+0.5%+0.8%
Q3 2019+0.0%+3.6%+0.8%

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