AST SpaceMobile

AST Spacemobile, Inc. engages in building a broadband cellular network in space to operate directly with standard, unmodified mobile devices based on an extensive IP and patent portfolio. It focuses on providing mobile broadband services with global coverage to all end-users, without the need to purchase special equipment. The company was founded by Abel Avellan on May 31, 2017 and is headquartered in Midland, TX.

Earnings data Q1 2021

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AST SpaceMobile excels in Q4, eyes global 5G connectivity

AST SpaceMobile's Q4 earnings call highlighted strong performance, technological strengths, regulatory challenges, and growth opportunities.
The company's focus on global cellular broadband network in space and achieving 5G speeds positions it as a key player in the evolving telecommunications landscape.
With a solid financial position, innovative technology, and strategic market positioning, AST SpaceMobile is poised for future growth and market leadership.

AST SpaceMobile validates technology milestone and progresses satellite production

AST SpaceMobile's Q1 2023 earnings call highlighted significant achievements in technology validation and satellite production progress.
While facing challenges in regulatory compliance and operational execution, the company remains well-positioned to capitalize on growth opportunities.
Management's focus on gratitude and investor relations underscores a commitment to sustainable growth and stakeholder value creation.

AST SpaceMobile advances in 5G testing and strategic partnerships

AST SpaceMobile's Q3 earnings call showcased progress in key areas, strategic partnerships, and financial management. The company faces challenges in competitive landscape and regulatory developments but has opportunities in differentiation and market reach.

AST SpaceMobile reports strong earnings, eyes growth through partnerships

AST SpaceMobile's Q4 2023 earnings call highlighted strong financial performance, strategic partnerships, and progress on satellite launches and custom ASIC development. While facing manufacturing challenges and increased expenses, the company is focused on securing the supply chain and raising capital strategically. Opportunities for growth lie in new contracts, regulatory advancements, and collaborations with key industry players.

AST SpaceMobile secures AT&T deal, poised for growth in space broadband

AST SpaceMobile's Q1 2024 performance reflects strong progress in commercial agreements, satellite development, and financial management, positioning the company for growth.
While facing challenges in expense management and technical development, ASTS's strategic strengths and market opportunities offer a positive outlook for future expansion and success.
By capitalizing on partnerships, regulatory progress, and market demand, ASTS is poised to navigate challenges and drive innovation in the space-based broadband sector.

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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.

AST SpaceMobile, Inc. (ASTS) Q3 2023 Earnings Call Transcript

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, is providing its business update for the third quarter ended September 30, 2023. “The manufacturing of our first five commercial satellites is at full speed at our Texas facilities, and we are looking forward to our expected launch in Q1 2024 as we target initial commercial service f.

AST SpaceMobile Provides Third Quarter 2023 Business Update

The satellite-telephony specialist published a business update. This included several preliminary third-quarter results.

Why AST SpaceMobile Stock Bumped Higher Today

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced it will hold a quarterly business update conference call on Tuesday, November 14th at 5:00 p.m. (Eastern Time). The company is also providing its preliminary estimated financial results for the third quarter ended September 30, 2023. AST SpaceMobile will be acceptin.

AST SpaceMobile to Provide Quarterly Business Update on November 14, 2023 and Provides Preliminary Financial Results for Third Quarter 2023

AST successfully completed a call from Hawaii to Spain via its satellite using a terrestrial phone, a major milestone in the development of its network. If successful, AST offers the opportunity to provide communications to areas without cellular service and could disrupt traditional telecom.

Why AST SpaceMobile Stock Is Up Today

For investors combing the market for game-changing innovations, Tuesday's announcements from AST SpaceMobile (NASDAQ: ASTS ) certainly stood out. This company, pioneering in the realm of space-based cellular broadband networks, pulled off a remarkable demonstration that sent ripples across the industry and buoyed ASTS stock.

ASTS Stock Alert: AST SpaceMobile Makes Historic Space-Based Phone Call

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced another unprecedented leap in telecommunications by successfully making the first-ever 5G connection for voice and data between an everyday, unmodified smartphone and a satellite in space. Company engineers demonstrated space-based 5G connectivity by placing a call.

AST SpaceMobile Achieves Space-Based 5G Cellular Broadband Connectivity From Everyday Smartphones, Another Historic World First

AT&T

Verizon

Wireless telecom companies have struggled due to issues including cutthroat competition. A Citigroup analyst upgraded both Verizon and AT&T on Tuesday, asserting that the outlook for the sector is improving.

Why Verizon, AT&T, and AST SpaceMobile Stocks Are Higher Today

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.

AST SpaceMobile, Inc. (ASTS) Q2 2023 Earnings Call Transcript

Shares of space economy specialist AST SpaceMobile (NASDAQ: ASTS ) — which builds the first and only space-based cellular broadband network directly accessible by standard mobile phones — provided a business update for the second quarter. In particular, a $179 million financing agreement should help bolster strategic investments, subsequently lifting sentiment for ASTS stock.

ASTS Stock Alert: The $179 Million Reason AST SpaceMobile Is Up Today

AST SpaceMobile reported wider-than-expected losses -- and no revenue -- for fiscal Q2 2023. AST is taking on debt and selling stock with which to build and launch new satellites.

Why AST SpaceMobile Stock Just Popped 5.5 Percent

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, is providing its business update for the second quarter ended June 30, 2023. “AST SpaceMobile continues to make history. This quarter we achieved space-based 4G LTE cellular broadband capabilities to everyday smartphones, reaching speeds above 10 Mbps during BlueWalker 3 testing al.

AST SpaceMobile Provides Second Quarter 2023 Business Update

There was no cause for alarm, but neither was there any reason to be optimistic. A projected year-over-year drop in cash and cash equivalents did not sit well with shareholders.

Why AST SpaceMobile Stock Failed to Launch Today

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced it will hold a quarterly business update conference call on Monday, August 14th at 5:00 p.m. (Eastern Time). The company is also providing its preliminary estimated financial results for the second quarter ended June 30, 2023. AST SpaceMobile will be accepting quest.

AST SpaceMobile to Provide Quarterly Business Update on August 14, 2023 and Provides Preliminary Financial Results for Second Quarter 2023

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AST SpaceMobile's technological progress and strong business partnership network have shown attractive risk-reward ratio in the long term, especially when more de-risking events unfold. However, in the short term, the company is still troubled with disappointing earnings and financing events that will severely affect the stock price. Investors need to be selective and cautious in entry point.

AST SpaceMobile: Keep Your Eyes On The Prize Through Short-Term Volatility

AST SpaceMobile is on track to raise $59.4 million by selling 12.5 million new shares. The announced sale price was roughly 25% lower than where the stock had last closed.

Why AST SpaceMobile Stock Is Plummeting This Week

NEW YORK , June 29, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased AST SpaceMobile Inc.  (f/k/a New Providence Acquisition Corp.) ("ASTS" or the "Company") (NASDAQ: ASTS) stock prior to April 1, 2021 and still hold such stock. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of ASTS' 2021 de-SPAC merger.

ASTS ALERT: Levi & Korsinsky, LLP Announces an Investigation into the Fairness of AST SpaceMobile Inc.'s De-SPAC Merger

AST SpaceMobile priced a secondary stock offering overnight with the goal of raising about $60 million. The offering price was at the low end of the proposed range, an indication that demand was weak.

Why AST SpaceMobile Stock Is Plunging Today

AST SpaceMobile Inc (NASDAQ:ASTS) stock is plummeting today, after the wireless telecommunications concern revealed the pricing and sizing of its previously announced public stock offering, with Barclays as the sole bookrunner.

AST SpaceMobile Stock Plunges on Stock Offering

AST SpaceMobile (NASDAQ: ASTS ) stock is taking a beating on Wednesday after the satellite company priced an upsized share offering. According to a press release from the company, it's selling a total of 12.5 million shares of ASTS stock for gross proceeds of $59.4 million.

Why Is AST SpaceMobile (ASTS) Stock Down 28% Today?

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing and upsizing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering. The Company has agreed to sell 12,500,000 shares of Class A Common Stock for gross proceeds of approximately $59.4 million. The Company intends to use the net proceeds of the offering.

AST SpaceMobile, Inc. Announces Pricing of Upsized Offering of Class A Common Stock

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering. The Company intends to use the net proceeds of the offering for general corporate purposes, including expected cash payments related to launch services and related additional equipment and services in.

AST SpaceMobile, Inc. Announces Launch of Offering of Class A Common Stock

BlackSky Technology

Investors sold off BlackSky and AST SpaceMobile after their stocks were added to the Russell 3000 stock index today. Short interest is increasing as Virgin Galactic approaches liftoff on its first revenue-generating space launch.

Why Space Stocks Virgin Galactic, BlackSky, and AST SpaceMobile Sank on Monday

News for AST SpaceMobile Stock (ASTS)