Financial Performance - Revenues for the three months ended September 30, 2024, were $1,100,000, compared to $0 for the same period in 2023[13] - Net loss attributable to common stockholders for the three months ended September 30, 2024, was $(171,946,000), compared to $(20,909,000) for the same period in 2023[13] - Basic and diluted net loss per share for the three months ended September 30, 2024, was $(1.10), compared to $(0.23) for the same period in 2023[13] - Total comprehensive loss attributable to common stockholders for the three months ended September 30, 2024, was $(171,645,000), compared to $(21,056,000) for the same period in 2023[14] - Total operating expenses for the nine months ended September 30, 2024, were $186,538,000, an increase from $161,489,000 in 2023, representing a 15.5% increase[13] Cash and Liquidity - As of September 30, 2024, the company had cash, cash equivalents, and restricted cash totaling $518.9 million, benefiting from a $153.3 million net proceeds from warrant redemption[4] - Cash, cash equivalents, and restricted cash at the end of the period were $518,886,000, compared to $135,726,000 at the end of September 30, 2023[15] - Net cash used in operating activities for the nine months ended September 30, 2024, was $(97,703,000), compared to $(124,041,000) for the same period in 2023, indicating a 21.3% improvement[15] - Proceeds from the issuance of common stock for the nine months ended September 30, 2024, were $338,911,000, compared to $65,003,000 for the same period in 2023[15] Operating Expenses - Total operating expenses for Q3 2024 were $66.6 million, an increase of $2.7 million from $63.9 million in Q2 2024, primarily due to a $10.3 million increase in research and development costs[5] - Adjusted operating expenses for Q3 2024 were $45.3 million, reflecting a $10.7 million increase compared to $34.6 million in Q2 2024[5] - Engineering services costs for the three months ended September 30, 2024, were $21,202,000, with stock-based compensation of $(2,032,000), resulting in adjusted costs of $19,170,000[17] - Adjusted operating expenses, engineering services costs, and general and administrative costs are non-GAAP financial measures used by the company to evaluate operating performance[18] - These measures are not standardized under U.S. GAAP, limiting their comparability with similar measures from other companies[18] - The company uses these adjusted measures for preparing annual operating budgets and financial projections[18] Assets and Liabilities - The total liabilities as of September 30, 2024, were $318.8 million, compared to $147.3 million as of December 31, 2023[12] - The accumulated deficit as of September 30, 2024, was $(453.9) million, an increase from $(189.7) million as of December 31, 2023[12] - The total stockholders' equity increased to $502.8 million as of September 30, 2024, compared to $213.6 million as of December 31, 2023[12] Business Developments - The first five commercial BlueBird satellites successfully entered initial operations and filed a Special Temporary Authority request with the FCC to begin beta service with AT&T and Verizon[3] - The company secured new launch services agreements with Blue Origin and SpaceX for launches during 2025 and 2026, enabling the orbital launch of up to approximately 60 Block 2 BlueBird satellites[3] - The initial validation of the AST5000 ASIC chip was achieved, with plans for commissioning during 2025, supporting peak data transmission speeds up to 120 Mbps[3] - The company added three new contract awards with the U.S. Government, expanding its customer ecosystem and leveraging existing in-orbit technology capabilities[3] Other Financial Metrics - The company reported a loss on remeasurement of warrant liabilities of $(236,912,000) for the three months ended September 30, 2024[13]

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. AST SpaceMobile, Inc. (ASTS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.AST SpaceMobile, Inc. is one of 619 companies in the Computer a ...

Superior solutions and a deep-seated, irrefutable long-term need make these three names overlooked winners.Identifying good stocks to own for the foreseeable future is one thing. Finding stocks with enormous growth potential to buy and hold for a full decade is another. It isn't enough to offer a superior product or service. It must also operate in an industry that's sure to grow -- a lot -- for the long haul.With that as the backdrop, here's a rundown of three monster stocks to consider adding to your port ...

AST SpaceMobile, Inc. (ASTS) is scheduled to report third-quarter 2024 earnings on Nov. 14. For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $2 million. The Zacks Consensus Estimate for third-quarter earnings is pegged at a loss of 18 cents per share, suggesting a narrower loss than a loss of 23 cents per share in the year-ago quarter. Earnings estimates for ASTS have remained unchanged at a loss of $1.03 per share for 2024 and a loss of 51 cents per share for 2025 over the past ...

It's almost time for space exploration names to have their turn in the earnings confessional. Rocket Lab USA Inc (NASDAQ:RKLB) will announce third-quarter results before tomorrow's open, while peers AST SpaceMobile Inc (NASDAQ:ASTS) and Intuitive Machines Inc (NASDAQ:LUNR) will report before the open on Thursday, Nov. 14.RKLB is up 11% to trade at a two-year high of $15 at last check, while pacing for its fifth-straight daily gain. The stock has been in rally mode since bouncing off long-term support from i ...

Rocket Lab USA, Intuitive Machines, and AST SpaceMobile could all soar higher.Over the past three years, many space-focused start-ups went public by merging with special purpose acquisition companies (SPACs). Some of those stocks initially soared, but most of them fizzled out as rising interest rates highlighted their ugly losses and popped their bubbly valuations.Many of those SPAC-backed space companies also set overly ambitious growth targets, missed them by a mile, and struggled with severe delays and m ...

Since I last covered AST SpaceMobile (NASDAQ: ASTS ) in September, it has successfully launched five BlueBird satellites in low earth orbit, marking an important step in the path toward commercialization. The stock rocketed by above 15% but, atAs a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

In the latest market close, AST SpaceMobile, Inc. (ASTS) reached $23.94, with a +0.38% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.28% for the day. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.Heading into today, shares of the company had lost 8.66% over the past month, lagging the Computer and Technology sector's gain of 2.1% and the S&P 500's gain of 0.41% in that time.The upcoming earnin ...

Group 1 - AST SpaceMobile is on the verge of generating revenue with the launch of its first five operational satellites, leading to a stock price increase of over 600% in the past year [1] - The company aims to create a space-based mobile broadband cellular network that allows global connectivity using existing cellphone handsets [3] - To achieve global coverage, AST SpaceMobile estimates it will need around 95 satellites, having just launched the first five [4] Group 2 - The estimated cost to expand from five satellites to 95 is approximately $1.8 billion, with the next 20 satellites alone costing around $400 million [5] - AST SpaceMobile is actively seeking cash through partnerships with major telecom companies, having over 45 agreements in place [6] - The company has raised around $150 million through the exercise of warrants, which results in shareholder dilution as 98% of the warrants converted into shares [7][8] Group 3 - The increase in share count due to new shares being issued for funding reduces the ownership percentage of existing shareholders [9] - While the rising stock price may currently mask concerns about share dilution, it could become a significant issue if the stock price declines [10] - AST SpaceMobile represents an exciting investment opportunity, but it is more suitable for aggressive investors due to the likelihood of further share issuances [10]