ASTS Earnings: AST SpaceMobile Announces Mixed Results and New Satellite Launch

AST SpaceMobile (ASTS) has reported mixed financial results and also announced plans for new satellite launches in the coming months.

The Texas-based satellite designer that helps to provide space-based broadband internet reported a first-quarter loss of -$0.20 per share, which was better than a loss of -$0.26 forecast by analysts. However, Q1 revenue of $7.18 million came in below expectations of $10.94 million.

Along with its Q1 results, AST SpaceMobile announced a new satellite launch plan, with five contracted launches scheduled over the next six to nine months. The company said it expects to conduct orbital launches every one to two months, on average, during this year and next.

AST SpaceMobile’s net income. Source: Main Street Data

‘Inflection Point’

“We are at an inflection point for the company,” said AST SpaceMobile CEO Abel Avellan in the company’s earnings release. “We have ramped up manufacturing capacity and are now able to announce our plans to support five scheduled orbital launches over the next six to nine months.”

The company also aims to manufacture six satellites per month throughout the remainder of 2025. Management expects second half 2025 revenue of $50 million to $75 million and has signed a new contract for up to $20 million in revenue to support U.S. government communications.

The company ended the first quarter with $874.5 million in cash on hand. ASTS stock has risen 29% this year.

Is ASTS Stock a Buy?

AST SpaceMobile stock has a consensus Strong Buy rating among six Wall Street analysts. That rating is based on five Buy and one Hold recommendations issued in the last three months. The average ASTS price target of $39.18 implies 47.13% upside from current levels. These ratings are likely to change after the company’s financial results.

Read more analyst ratings on ASTS stock