NASDAQ$ASTS
AST SpaceMobile Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Confirmed space-based 4G LTE cellular broadband capabilities and completed interim financing package.
AST SpaceMobile achieved space-based 4G LTE cellular broadband capabilities to everyday smartphones, reaching speeds above 10 Mbps during BlueWalker 3 testing. They completed a comprehensive financing package providing up to $179 million of cash and liquidity.
- Confirmed space-based 4G LTE cellular broadband capabilities to everyday smartphones, reaching speeds above 10 Mbps during BlueWalker 3 testing.
- Continued commercial and regulatory progress, with 40+ MOUs and agreements with mobile network operators globally that have ~2.4 billion subscribers.
- Block 1 BlueBird program is fully-funded, with manufacturing underway and ramping ahead of the planned launch in Q1 2024 of our first five commercial satellites.
- Raised cash and liquidity of up to $179 million, with a comprehensive financing package of non-dilutive debt and equity designed to support strategic investment process.
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$7.26M
Forward guidance
AST SpaceMobile is focused on manufacturing BlueBird satellites and plans to offer initial commercial service in 2024.
Tailwinds
- First five satellites are fully-funded with a planned launch in Q1 2024.
- Targeting to offer initial commercial service in 2024.
- Received multiple indications of interest for strategic investments.
- Strategic investments include both equity-linked and non-dilutive commercial payments.
- Prospective capital raise are intended to fund the manufacturing and launch of additional BlueBird satellites launches beyond our first five commercial satellites.
Headwinds
- Ongoing testing of the BW3 satellite may not be completed due to a variety of factors.
- BW3 testing may indicate adjustments that are needed or modifications that must be made.
- Delays or issues with additional testing, it may become more costly to raise capital
- Ability to finance its research and development activities.
- Commercial partnership acquisition and retention.
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 2023
+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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