The earnings call highlighted significant operational progress and strategic partnerships, which are promising for future growth. However, the increase in capital expenditures and dependency on successful satellite deployments pose financial and operational risks.

Company Guidance -

Q2 2025

In the first quarter of 2025, AST SpaceMobile made significant strides towards commercializing its global cellular broadband network in space. The company outlined plans to deploy over 60 satellites during 2025 and 2026, aiming for continuous coverage in key markets, including the United States, Europe, and Japan. Five orbital launches are anticipated over the next six to nine months, with an average launch cadence of every one to two months. AST SpaceMobile also reported a manufacturing target of building 40 Block 2 BlueBird satellites and achieving a manufacturing cadence of six satellites per month by the fourth quarter of the year. Financially, the company ended the quarter with $874.5 million in cash, driven by a $403 million convertible notes offering. Revenue guidance for the second half of the year was set between $50 million to $75 million, supported by gateway equipment bookings and government contracts. The company continues to explore non-dilutive financing options and has established a new $500 million ATM facility to support its ambitious plans.

Strong Start to 2025 and Revenue Growth

AST SpaceMobile reported a strong start to the year with revenue beginning to come in. The company is executing on satellite manufacturing, commercialization, and regulatory initiatives with five scheduled launches over the next six to nine months.

Major Satellite Manufacturing and Launch Plans

The company plans to deploy over 60 satellites during 2025 and 2026, enabling continuous coverage in key markets such as the United States, Europe, and Japan. They aim to achieve a manufacturing cadence of six satellites per month by Q4 2025.

Successful Commercial and Government Contracts

AST SpaceMobile reported successful calls with partners such as Rakuten, AT&T, Verizon, and Vodafone, and secured a $43 million contract with the U.S. Space Development Agency. They also signed a new contract with another government agency.

Financial Position and Capital Raises

The company ended Q1 with $874.5 million in cash, up from $567.5 million at the end of Q4 2024, driven by a convertible notes offering and an ATM facility. They have plans for a new $500 million ATM facility and are exploring non-dilutive financing options.

AST SpaceMobile (ASTS) Earnings, Revenues Date & History

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ASTS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 11, 2025	2025 (Q2)	-0.19 / -	-0.51	―	―	―
May 12, 2025	2025 (Q1)	-0.19 / -0.20	-0.16	-25.00% (-0.04)
Mar 03, 2025	2024 (Q4)	-0.19 / -0.18	-0.35	48.57% (+0.17)
Nov 14, 2024	2024 (Q3)	-0.20 / -1.10	-0.23	-378.26% (-0.87)
Aug 14, 2024	2024 (Q2)	-0.22 / -0.51	-0.24	-112.50% (-0.27)
May 15, 2024	2024 (Q1)	- / -	-0.23	―
Apr 01, 2024	2023 (Q4)	-0.21 / -0.16	-0.23	30.43% (+0.07)
Nov 14, 2023	2023 (Q3)	-0.21 / -0.23	-0.18	-27.78% (-0.05)
Aug 14, 2023	2023 (Q2)	-0.16 / -0.24	-0.06	-300.00% (-0.18)	―	―
May 15, 2023	2023 (Q1)	- / -	-0.21	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ASTS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 12, 2025	$27.16	$26.55	-2.25%
Mar 03, 2025	$25.62	$28.61	+11.67%
Nov 14, 2024	$26.80	$24.23	-9.59%
Aug 14, 2024	$20.81	$31.36	+50.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.