AST SpaceMobile Q3 2023: $135.7M cash, 5G demo 14 Mbps, satellite launch Q1 2024

AST SpaceMobile, Inc.

Cash, restricted cash $135.7M at Sep 30; total op expenses $59.0M, adjusted $37.3M.
First five commercial satellites manufacturing at full speed; launch targeted for Q1 2024.
BlueWalker 3 achieved space-based 5G broadband connection at 14 Mbps per 5MHz channel.
Operating expenses expected to decrease $10M–$15M per quarter starting Q1 2024.
Strategic investment process with multiple partners; targeting close in Nov/Dec 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AST SpaceMobile, Inc. reported financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 14, 2023, AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) issued a press release announcing financial results for the three and nine months ended September 30, 2023.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-063726

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