NASDAQ$ASTS
AST SpaceMobile Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
AST SpaceMobile provided a business update for the second quarter ended June 30, 2022.
AST SpaceMobile reported its Q2 2022 business update, highlighting the completion of the BlueWalker 3 test satellite assembly and its transportation to Cape Canaveral, FL, with a planned launch window in early to mid-September. The company also reported cash and cash equivalents of $202.4 million and an increase in total operating expenses to $35.4 million.
- Completed final assembly, integration, and ground transportation of the BlueWalker 3 test satellite to Cape Canaveral, FL, with an upcoming planned launch window for early to mid-September.
- Once BlueWalker 3 is operational, testing is planned with MNOs and equipment providers on all 6 inhabited continents.
- Next five satellites are under initial phase of component construction, with launch planned in late 2023.
- Executed a definitive agreement to sell its majority ownership stake in NanoAvionika UAB, expecting approximately $27 million in net proceeds.
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$7.26M
Forward guidance
The company is focused on the upcoming launch of BlueWalker 3 and preparing for future production of BlueBird satellites.
Tailwinds
- BlueWalker 3 test satellite is undergoing final preparations for launch in early to mid-September.
- Testing is planned with MNOs and equipment providers on all 6 inhabited continents
- Commercial agreements in place with suppliers for most components of the next five Block 1 BlueBird satellites and next generation satellites
- Announced a five-year 4G LTE/5G technology agreement with Nokia
- Executed a definitive agreement to sell its majority ownership stake in NanoAvionika UAB
Headwinds
- The actual launch date remains subject to change and is contingent on a number of factors
- Total operating expenses increased by $2.7 million to $35.4 million for the second quarter of 2022
- Loss before income tax expense (7,972 )
- Net loss attributable to common stockholders $ (2,924 )
- The transaction values NanoAvionika UAB at an enterprise valuation of €65 million and is expected to close in the third quarter of 2022, subject to customary closing conditions, including required regulatory review; the Company expects to receive approximately $27 million in net proceeds at closing
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 Q2 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
| Quarter | Report date | Reaction (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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