AST SpaceMobile Stock Wobbles After Missing Q3 Estimates

Core Insights - AST SpaceMobile Inc. reported third-quarter earnings that missed analyst expectations on both revenue and losses [1][2] Financial Performance - The company reported a quarterly loss of 45 cents per share, which was worse than the analyst estimate of a 23-cent loss [2] - Quarterly revenue was $14.73 million, falling short of the consensus estimate of $19.93 million [2] - Adjusted operating expenses for the third quarter were $67.7 million, an increase of $16 million compared to $51.7 million in the second quarter of 2025 [3] - The increase in operating expenses was attributed to a $7.6 million rise in adjusted engineering services costs, a $5.5 million increase in the cost of gateway deliveries, and a $3.8 million rise in adjusted general and administrative costs [3] Company Outlook - The CEO of AST SpaceMobile, Abel Avellan, stated that the company continues to lead the direct-to-device space-based cellular broadband industry and noted a significant acceleration in commercial activity, indicating strong demand for their solutions [4] - The company reaffirmed its revenue guidance for the second half of 2025, projecting between $50 million and $75 million [4]