AST SpaceMobile Q1 cash $212.4M, AT&T deal confirmed, satellite launch targeted for July/August

AST SpaceMobile, Inc.

Cash and equivalents $212.4M; $51.5M additional available under credit facility.
First 5 commercial satellites expected to ship to Cape Canaveral in July or August 2024.
Signed 6-year definitive commercial agreement with AT&T for SpaceMobile service with 5,600+ cells.
Total Q1 operating expenses $56.0M; adjusted operating expenses $31.1M, down $7.5M from Q4 2023.
FCC discussions advancing; continuing strategic partner discussions with commercial payment blueprint.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AST SpaceMobile, Inc. reported financial results for first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 15, 2024, AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) issued a press release announcing financial results for the three months ended March 31, 2024.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-060494

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.