NASDAQ$ASTS

AST SpaceMobile Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

AST SpaceMobile reported its business update for Q3 2022, highlighting the successful unfolding of BlueWalker 3 and progress in industrializing the SpaceMobile constellation.

AST SpaceMobile reported an increase in total operating expenses, driven by increased research and development costs. The company successfully launched and unfolded the BlueWalker 3 test satellite and is planning to launch five Block 1 BlueBird satellites in late 2023. They ended the quarter with $199.5 million in cash, cash equivalents, and restricted cash.

  • Successfully launched the BlueWalker 3 test satellite from Cape Canaveral, FL.
  • Successfully unfolded the largest communications array ever deployed on a commercial Low Earth Orbit satellite
  • Capitalized costs of $92.1 million related to the BlueWalker 3 test satellite assembly, testing, and deployment.
  • Ended the third quarter with cash, cash equivalents, and restricted cash of $199.5 million.

Headline financials

Total Revenue

$4.17M

Previous: $2.45M+70.1%
EPS (adj)

-$0.18

Previous: $0.07-357.1%
Capital Expenditures

-$20.7M

Previous: -$11.3M-83.2%
Free Cash Flow

-$30.5M

Previous: -$7.18M-324.2%
Net Income

-$9.77M

Previous: $4.12M-337.3%
Operating Income

-$40.5M

Previous: -$22.8M-77.8%
Gross Profit

$1.64M

Previous: $347K+373.5%
Cash & Equivalents

$199M

Previous: $360M-44.8%
Total Assets

$386M

Previous: $461M-16.2%
Stock-Based Comp

$2.4M

Previous: $1.3M+84.3%

Revenue & EPS history

AST SpaceMobile · Revenue · Quarterly

$4.17M

Q3 2022+70.1%vs Q3 2021
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

No specific 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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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