AST SpaceMobile reports wider-than-expected loss in the first quarter of 2025, owing to macroeconomic headwinds.
AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q1 2025 Earnings Conference Call May 12, 2025 5:00 PM ET Company Participants Scott Wisniewski - President & Chief Strategy Officer Abel Avellan - Founder, Chairman & CEO Andrew Johnson - CFO & Chief Legal Officer Conference Call Participants Colin Canfield - Cantor Fitzgerald Mike Crawford - B. Riley Securities Christopher Schoell - UBS Caleb Henry - Quilty Space Timothy Horan - Oppenheimer Scott Searle - ROTH Capital Bryan Kraft - Deutsche Bank Chris Quilty - Quilty Space Operator Good day, and thank you for standing by.
AST SpaceMobile, Inc. (ASTS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.16 per share a year ago.
AST SpaceMobile, Inc. (ASTS) reachead $25.08 at the closing of the latest trading day, reflecting a +1.33% change compared to its last close.
AST SpaceMobile is expected to report a top-line growth year over year in the first quarter of 2025, backed by solid momentum in both the government and private sectors.
In the latest trading session, AST SpaceMobile, Inc. (ASTS) closed at $23.76, marking a -1.29% move from the previous day.
AST SpaceMobile Inc. NASDAQ: ASTS is developing the world's first space-based cellular broadband network, with direct-to-device (D2D) technology enabling access through any standard smartphone. The computer and technology sector company has spent over a billion dollars and seven years to launch its first five Bluebird satellites into orbit.
AST SpaceMobile ( ASTS ) is a $7.4 billion provider of specialized communications satellites that offer cellular broadband connectivity directly to unmodified cell phones from space. The company claims they are building the world's first and only global cellular broadband network in space, accessible directly by standard smartphones (4G-LTE/5G devices) for commercial and government use, leveraging its extensive Intellectual Property and patent portfolio.
AST SpaceMobile's upcoming May launch of 1 BB2 satellite is a major catalyst as it represents a critical step towards offering continuous service. I expect AST to start continuous service in the US, Europe, and Japan in the second half of 2026, potentially leading to a major revenue ramp. AST's technology provides it with access to several non-dilutive funding sources, as well as lucrative revenue-generating government contracts.
AST SpaceMobile, Inc. (ASTS) reachead $23.28 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.
Investors sold off tech stocks hard on Monday, with the Nasdaq down 1.5% through 11:30 a.m. ET, versus drops of only 0.6% for the broader S&P 500 , and actually a tiny gain for the Dow Jones Industrial Average.
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