AST SpaceMobile reports Q4/FY2023 results; cash $210.8M; FCC approves direct-to-device framework

AST SpaceMobile, Inc.

Cash & equivalents ~$210.8M at end of Q1 2024, up from $88.1M at Dec 2023; $51.5M undrawn credit facility.
FCC voted 5-0 on March 14 to approve Supplemental Coverage from Space NPRM, enabling direct-to-device service.
Five Block 1 BlueBird satellites to be transported to launch site July-August 2024; Block 2 launch window Dec 2024-March 2025.
Secured fixed-price US government contract; initial revenue expected Q1 2024. Custom ASIC with TSMC in tape-out phase.
Total operating expenses FY 2023 $222.4M vs $152.9M in 2022; Adjusted Q4 2023 op expenses $38.6M.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AST SpaceMobile, Inc. reported financial results for three and twelve months ended December 31, 2023.

Period: three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On April 1, 2024, AST SpaceMobile, Inc. ("AST SpaceMobile" or the "Company") issued a press release announcing financial results for the three and twelve months ended December 31, 2023.

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AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

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