NASDAQ$ASTS
AST SpaceMobile Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
AST SpaceMobile's Q4 2023 results reflected increased operating expenses and ongoing strategic investments.
AST SpaceMobile reported a net loss attributable to common stockholders of $31.9 million, or $0.35 per share, for the fourth quarter of 2023. Total operating expenses for the quarter were $60.9 million, including $22.3 million of depreciation and amortization and stock-based compensation expense. The company ended the quarter with $88.1 million in cash, cash equivalents, and restricted cash.
- Strategic financing milestone validates AST's technology and business model.
- Fixed-firm-price contract with the U.S. Government is expected to generate initial revenue in Q1 2024.
- Production of Block 1 BlueBird satellites faced supplier-related delays.
- Launch contract secured for the first next-generation Block 2 BlueBird satellite, with launch window from December 2024 to March 2025.
Headline financials
Revenue & EPS history
AST SpaceMobile · Revenue · Quarterly
$0
Forward guidance
AST SpaceMobile is focused on launching its Block 1 BlueBird satellites and the first next-generation Block 2 BlueBird satellite. The company is also working on securing additional strategic partners and advancing non-dilutive quasi-governmental funding sources.
Tailwinds
- Milestone strategic financing is a vote of confidence in AST’s tech and business model
- Fixed-firm-price contract award announced with the United States Government through a prime contractor, expected to produce initial revenue in Q1 2024
- Necessary funding on-hand to execute near-term strategic plan for the launch of five 700 sq. ft. Block 1 BlueBird satellites and first next generation 2,400 sq. ft. Block 2 BlueBird satellite, which will surpass Block 1 BlueBird satellites as the largest commercial phased array in low Earth orbit
- FCC Approves Framework for the Use of Terrestrial Spectrum for SpaceMobile (Direct-to-Device)
- Progressing Non-Dilutive Quasi-Governmental Funding Sources With Non-Binding Letters of Interest from Three Institutions
Headwinds
- Production of five 700 sq. ft. Block 1 BlueBird satellites was impacted by two suppliers, leading to delays in integration and testing
- The company incurred a net loss before allocation to noncontrolling interest of $77.124 million for the three months ended December 31, 2023
- The company had negative operating income of $60.878 million for the three months ended December 31, 2023
- The company had no revenues for the year ended December 31, 2023
- AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
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 Q4 2023
+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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