MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of $100,000,000 of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”). The Company will grant the underwriter a 30-day option to purchase up to an additional $15,000,000 of shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceed ...

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced strategic investment from AT&T, Google and Vodafone and aggregate new financing of up to $206.5 million in gross proceeds. In addition to the $155 million strategic investment, the company also plans to draw up to $51.5 million from the company’s existing senior-secured credit fac ...

After soaring in 2020, space stocks return to earth as many companies descend from their previous highs. In 2020, space stocks returned 64% as a collective group; 2022 marked a hefty 12% loss (though still outperforming the S&P 500. While the verdict for 2023 isn’t yet in, expect space stocks to be fairly flat to close the calendar year.But space still presents a viable long-term investment opportunity for those smart enough to avoid overblown hype and impractical prospects. Barron’s projects the space indu ...

Space stocks could be entering into a new golden age for investors. These companies have just entered the mainstream awareness, meaning there’s plenty of fuel left in the tank for these brands to shoot to new heights.Space stocks ride on the tailwinds of recreational space exploration just beyond the Earth’s outer atmosphere. Many companies are trying to this make exploration make affordable — and not just for billionaires. However, the biggest growth is likely to be in satellite launches and adapting exist ...

AST SpaceMobile, Inc. (NASDAQ:ASTS) Q3 2023 Earnings Call Transcript November 14, 2023 5:00 PM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman and CEO Sean Wallace - CFO Conference Call Participants Benjamin Soff - Deutsche Bank Griffin Boss - B. Riley Securities Operator Good day, and thank you for standing by. Welcome to the AST SpaceMobile Third Quarter 2023 Business Update Call. Please be advised that today's conference is being recorded. I would now like to han ...

tf UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39040 AST SPACEMOBILE, INC. (Exact name of registrant as specified in its charter) | --- | |-------------------------------- ...

AST SpaceMobile, Inc. (NASDAQ:ASTS) Q2 2023 Results Conference Call August 14, 2023 5:00 PM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman and CEO Sean Wallace - CFO Conference Call Participants Griffin Boss - B. Riley Securities Chris Quilty - Quilty Analytics Benjamin Soff - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the AST SpaceMobile Second Quarter 2023 Business Update Call. Please be advised that today's conference is being rec ...

f UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39040 AST SPACEMOBILE, INC. | --- | --- | |----------------------------------------------------------------------------|---------- ...

AST SpaceMobile, Inc. (NASDAQ:ASTS) Q1 2023 Earnings Conference Call May 15, 2023 5:00 PM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Founder, Chairman and Chief Executive Officer Sean Wallace - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Caleb Henry - Quilty Analytics Operator Good day and thank you for standing by. Welcome to the AST SpaceMobile First Quarter 2023 Business Update Call. Please be advised that today's conferen ...

Financial Performance - Revenues for the three months ended March 31, 2023 were $0, a decrease of 100% compared to $2,394,000 in the same period of 2022[145]. - Total operating expenses increased by $11,714,000, or 36%, to $44,454,000 for the three months ended March 31, 2023 compared to $32,740,000 in the same period of 2022[145]. - Research and development costs rose by $8,100,000, or 98%, to $16,381,000 for the three months ended March 31, 2023 compared to $8,281,000 in the same period of 2022[150]. - Net loss attributable to common stockholders was $16,318,000 for the three months ended March 31, 2023, an increase of 52% from a net loss of $10,721,000 in the same period of 2022[145]. - Total other income (expense), net was ($8,144,000) for the three months ended March 31, 2023, compared to income of $15,000 in the same period of 2022[152]. - Net loss attributable to noncontrolling interest was $28,898,000 for the three months ended March 31, 2023, compared to $27,182,000 in the same period of 2022[154]. Cash Flow and Capital Requirements - Cash and cash equivalents on hand as of March 31, 2023 were $185.7 million, including $0.7 million of restricted cash[155]. - Cash used in operating activities decreased to $37.7 million for Q1 2023 from $47.5 million in Q1 2022, a reduction of $9.8 million[167]. - Cash used in investing activities was $15.4 million in Q1 2023, down from $21.6 million in Q1 2022, reflecting a $6.2 million decrease[168]. - Cash provided by financing activities was $36 thousand in Q1 2023, compared to $130 thousand in Q1 2022, indicating a decrease in financing[170]. - The company believes existing cash and cash equivalents will be sufficient to meet anticipated cash requirements for the next 12 months[172]. - Future capital requirements will depend on various factors, including supply chain relationships and technological developments[172]. - The company may need to finance cash needs through equity offerings or debt financings, which could dilute stockholder ownership[173]. - The estimated capital expenditure required for the design, assembly, and launch of the first 5 Block 1 BB satellites is between $100 million and $110 million[156]. - Approximately $550 million to $650 million is needed to fund operating and capital expenditures necessary to design, assemble, and launch 20 Block 2 BB satellites[157]. Satellite Development and Launch Plans - The company has incurred approximately $92.5 million in capitalized costs related to the assembly, testing, and deployment of the BW3 test satellite as of March 31, 2023[125]. - The company plans to launch five Block 1 BB satellites in the first quarter of 2024, with a Launch Services Agreement already in place with SpaceX[126]. - The company aims to achieve substantial service in targeted geographical areas with the launch and operation of 25 BB satellites and plans to expand to approximately 95 BB satellites for long-term goals[130]. - The next generation of BB satellites (Block 2) is expected to launch in 2024 and will feature the AST5000 ASIC chip for improved performance[128]. - The company is actively hiring for assembly, integration, and testing roles to support the production of BB satellites[133]. - The company is developing a phased satellite deployment plan to minimize capital requirements and generate cash flows from operations sooner[129]. Economic and Operational Considerations - The company continues to monitor the impact of macroeconomic conditions, including inflation and supply chain challenges, on its operations[134]. - Inflation has not significantly impacted the company's financial condition to date, but future effects remain uncertain[171]. - The company did not have any off-balance sheet arrangements as of March 31, 2023[176]. - The company is classified as a smaller reporting company and is not required to provide extensive market risk disclosures[178]. - The company recognized an estimated liability of $10.0 million as of March 31, 2023, due to unmet KPIs under the Rakuten Agreement[165].