NASDAQ$ASTS
AST SpaceMobile Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
AST SpaceMobile reported its business update for Q3 2023.
AST SpaceMobile reported the first-ever space-based 5G cellular broadband connection and is on track to launch its first five commercial satellites in Q1 2024. Total operating expenses for the third quarter of 2023 were $59.0 million and cash, cash equivalents, and restricted cash of $135.7 million.
- Demonstrated space-based 5G cellular broadband capabilities.
- First five commercial satellites expected to be launched in Q1 2024.
- Total and Adjusted Operating Expenses Expected to Decrease by $10 Million to $15 Million Per Quarter Beginning Q1 2024.
- IP Portfolio Has Grown to More than 3,100 Patent and Patent Pending Claims Worldwide.
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$4.17M
Forward guidance
AST SpaceMobile expects total and adjusted operating expenses to decrease by $10 million to $15 million per quarter beginning Q1 2024. The expected reduction is driven by completion of Block 1 design and development, substantial completion of the ASIC design, and partial completion of Block 2 design, with no material change in headcount.
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 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% |
Discussion
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