NASDAQ$ASTS
AST SpaceMobile Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
AST SpaceMobile reported results for Q1 2024 and provided a business update.
AST SpaceMobile reported cash, cash equivalents, and restricted cash of $212.4 million as of March 31, 2024. The company is on track for July or August delivery of 5 Block 1 satellites to Cape Canaveral and signed a 6-year definitive commercial agreement with AT&T for SpaceMobile Service.
- On target for July or August delivery of 5 Block 1 satellites to Cape Canaveral
- Signed milestone, 6-year definitive commercial agreement with AT&T for SpaceMobile Service
- First 5 satellites allow U.S. nationwide non-continuous service with 5,600+ cells in premium low-band spectrum
- Activities and discussions with government regulatory bodies, including FCC, are advancing as expected
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$500K
Forward guidance
AST SpaceMobile is preparing for the launch of their first five commercial satellites and initial commercial service.
Tailwinds
- On target for July or August delivery of 5 Block 1 satellites to Cape Canaveral
- Signed milestone, 6-year definitive commercial agreement with AT&T for SpaceMobile Service
- First 5 satellites allow U.S. nationwide non-continuous service with 5,600+ cells in premium low-band spectrum
- Activities and discussions with government regulatory bodies, including FCC, are advancing as expected
- Continue to advance discussions with additional strategic partners, following the blueprint of commercial payments alongside commercial agreements
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 2024
+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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