AST Spacemobile Reports Q1 profits: key highlights from the quarter – AStA -Spacemobile (Nasdaq: Auts)

AST Spacemobile Inc. Auts Reporting of finance results in the first quarter after the end of the market on Monday. Here is a look at the most important details from the quarter.

Q1 income: AST Spacemobile reported sales of $ 718,000 in the first quarter, which may not be compared to the analyst estimates. The company reported an adjusted loss of 20 cents per share in the first quarter, and missing analyst estimates for a loss of 19 cents per share, says Benzinga Pro.

The AST Spacemobile has emphasized several successes in the quarter, including “strong” progress in regulatory permits and a multi-provider satellite start plan with five contractual starts in the next six to nine months. The company also announced that it will be available by the SPACEMOBILE network's marketing efforts and has an expected sales option of 50 to 75 million dollars in the second half of 2025.

The total operating costs were 63.7 million US dollars in the first quarter. The company ended the quarter of $ 874.5 million in cash, cash equivalents and restricted cash.

“Ast Spacemobile continues Abel AvellanFounder, chairman and CEO of AST Spacemobile.

“Today we are at a turning point for the company. We have exceeded the production capacity and can now announce our plans to support five planned orbital starts in the next six to nine months. In retail we also expanded our US government and are able to achieve meaningful income in 2025.”

The AST Spacemobile managers will continue to discuss the quarter at a conference call with investors and analysts at 5 p.m.

AUTS price campaign: The AST SPACEMOBILE shares rose by 1.80% in the after-hour session on Monday and, according to Benzinga Pro, acted $ 27.65 at the time of publication.

Read next:

Photo: Hakanyalicn/Shutterstock.