ASTS Earnings Prediction
The chart below shows how ASTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASTS sees a -3.39% change in stock price 10 days leading up to the earnings, and a +41.13% change 10 days following the report. On the earnings day itself, the stock moves by -3.57%. This data can give you a slight idea of what to expect for the next quarter's release.
ASTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.10M
--
22.22%
Gross Margin
--
--
--
Operating Margin
-5958.73%
--
-14.87%
Net Margin
-27552.73%
--
88.79%
EPS
-1.10
-378.26%
115.69%
No Data Available
ASTS Earnings Analysis
AST SpaceMobile, Inc. Class A Common Stock Corporation (ASTS.O) Earnings Conference Call
Positive
Transition to Commercial Operations: The third quarter of 2024 at AST Space Mobile marked the beginning of our critical transition from a space-based cellular broadband company at R&D stage to a full-fledged commercial operating company.
Satellite Deployment Success: We launched and successfully deployed our first five commercial Blue Bird satellites into low Earth orbit, each one of them the largest commercial phase array ever launched into LEO.
Satellite Launch Capacity Expansion: We have accelerated our government and commercial initiative as we become operational, and we have secured additional launch capacity for up to 60 satellites to start providing continued service in the U.S. and other key global markets.
Satellite Operational Readiness: Our Block 1 Blue Bird satellites are now ready to become operational, their sheer size and capacity is a unique advantage and a clear differentiator for our network ability to deliver cellular broadband coverage globally.
Cash Balance Milestone: We ended the third quarter with $518.9 million in cash, up from $287.6 million at the end of the second quarter, bringing our cash balance above $500 million for the first time.
Negative
Rising Operational Costs: Non-GAAP adjusted cash operating expenses increased to $45.3 million from $34.6 million in the second quarter, indicating a significant rise in operational costs.
Q3 Adjusted Operating Expenses: Adjusted operating expenses for Q3 were approximately $35.2 million, at the top range of guidance provided during the last earnings call, reflecting higher than expected costs.
Increased Capital Expenditures: Capital expenditures for Q3 were $26.5 million compared to $21.2 million for Q2, showing an increase in spending that may impact profitability.
Cash Position Improvement: The company reported cash of $518.9 million at the end of Q3, up from $287.6 million at the end of Q2, indicating a significant cash burn in the previous quarter.
Projected Operating Expenses: The company anticipates adjusted operating expenses for Q4 to be in the range of $30 million to $35 million, suggesting continued high operational costs.
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ASTS Earning Call Sentiment
AST SpaceMobile, Inc. (ASTS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ASTS.O
7.02%Positive
The earnings call summary reflects strong financial metrics, including a significant cash balance increase and strategic partnerships with Verizon and Rakuten. The Q&A section reveals confidence in satellite production and launch plans, despite some unclear management responses. The strategic plan and government contracts are promising, and the shareholder return plan is stable. The market cap suggests moderate stock sensitivity, leading to a positive prediction of 2% to 8% stock price increase over the next two weeks.