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Stock impact report

AST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Net loss in the reported quarter was $171.9 million or a loss of $1.10 per share compared with $20.9 million or 23 cents per share in the year-ago quarter. Non-GAAP net income was 10 cents per share, which beat the Zacks Consensus Estimate by 28 cents. AST SpaceMobile, Inc. price-consensus-eps-surprise-chart | AST SpaceMobile, Inc. Quote Quarterly revenues were $1.1 million, which missed the consensus estimate of $2 million. In the September quarter, total operating expenses rose to $66.6 million from $59 million in the year-ago quarter. This was due to increased research and development costs and engineering services costs. Adjusted operating expenses for the third quarter of 2024 were $45.3 million, up 21.4% year over year. For the first nine months of 2024, the company utilized $97.7 million of cash from operating activities compared with a cash utilization of $124 million in the year-ago quarter. A Show less Read more
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