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ASTS Reports Wider-Than-Expected Q1 Loss Despite Higher Revenues
AST SpaceMobileAST SpaceMobile(US:ASTS) ZACKSยท2025-05-13 17:36

Core Viewpoint - AST SpaceMobile, Inc. reported disappointing first-quarter 2025 results, with both adjusted earnings and revenues falling short of the Zacks Consensus Estimate [1] Financial Performance - The net loss for the quarter was $45.7 million, equating to a loss of 20 cents per share, compared to a net loss of $19.7 million or 16 cents per share in the same quarter last year. This result missed the Zacks Consensus Estimate by 3 cents [3] - Quarterly revenues increased to $0.72 million from $0.5 million in the year-ago quarter, but still missed the Zacks Consensus Estimate of $4 million [5] Operating Expenses - Total operating expenses rose to $63.7 million from $56 million in the year-ago quarter, driven by increased research and development costs and engineering services costs. Adjusted operating expenses for the first quarter of 2025 were $44.9 million [6] Cash Flow and Liquidity - In the first quarter of 2025, the company utilized $28.5 million of cash from operating activities, an improvement from $48.1 million in the year-ago quarter. As of March 31, 2025, the company had $874.4 million in cash, cash equivalents, and restricted cash, alongside $462.2 million in long-term debt [7] Macroeconomic Impact - Unfavorable macroeconomic conditions, including rising inflation, higher interest rates, capital market volatility, tariffs, and geopolitical conflicts, are negatively affecting the company's operations, leading to fluctuations in satellite material prices and increased capital costs [2]