NASDAQ$ASTS
AST SpaceMobile Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first-ever direct voice connection from BlueWalker 3 test satellite to everyday cellular devices, validating technology and ability to connect with smartphones.
AST SpaceMobile achieved a significant milestone by completing the first-ever direct voice connection from its BlueWalker 3 test satellite to everyday cellular devices. Manufacturing is underway in Midland, Texas, with the planned launch of five Block 1 BlueBird satellites in Q1 2024. The company ended the quarter with $185.7 million in cash, cash equivalents, and restricted cash.
- Completed successful two-way voice calls from space directly to everyday unmodified smartphones using the BlueWalker 3 test satellite.
- Key milestone in the BW3 testing program validates the satellite technology, including the ability to work with everyday smartphones and ability to integrate with the existing cellular ecosystem, including spectrum.
- Testing plan has transitioned to demonstration of 4G and 5G download speeds.
- Manufacturing underway in Midland, Texas, with production on track for planned launch of five Block 1 BlueBird satellites in Q1 2024.
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$2.39M
Forward guidance
AST SpaceMobile is focused on manufacturing and launching Block 1 BlueBird satellites in Q1 2024 and offering commercial service to AT&T customers in the U.S., contingent upon regulatory approval and execution of a definitive commercial agreement.
Tailwinds
- Completing the first-ever direct voice connection from our BlueWalker 3 test satellite in space to everyday cellular devices
- Validated technology in orbit
- Confirmed ability to connect with everyday smartphones from all major handset manufacturers
- Manufacturing underway in Midland, Texas, with production on track for planned launch of five Block 1 BlueBird satellites in Q1 2024
- Signed spectrum lease agreement with AT&T
Headwinds
- Total operating expenses increased by $1.9 million to $44.5 million for the first quarter of 2023
- Incurred approximately $66.5 million of capitalized property and equipment costs related to development of assembly, integration, and test facilities in Texas
- Still subject to regulatory approval and execution of a definitive commercial agreement with AT&T
- The planned testing of the BW3 test satellite may not be completed due to a variety of factors
- If there are delays or issues with testing, it may become more costly to raise capital
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 2023
+2.2%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+18.5%
Avg return
30 days after
38%
10 / 26 earnings
Positive
+60.6%
Q1 2024
Best reaction
-30.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.9% | +11.3% | — | |
| 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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