AST SpaceMobile Q2 revenue misses expectations
Overview
AST SpaceMobile Q2 revenue of $1.156 mln missed analyst expectations
Adjusted EPS for Q2 reported at a loss of $0.41
Co plans to deploy 45-60 satellites by 2026, with 6 currently in orbit
Expanded spectrum strategy with S-Band and L-Band access, enhancing broadband services
Outlook
AST SpaceMobile plans to deploy 45-60 satellites by 2026
Company expects $50 mln to $75 mln revenue in H2 2025
AST SpaceMobile to launch US intermittent service by end of 2025
Result Drivers
SPECTRUM STRATEGY - Expanded spectrum strategy with acquisition of global S-Band spectrum priority rights and L-Band spectrum access
OPERATING EXPENSES - Increase in operating expenses driven by higher general and administrative and engineering services costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $1.16 mln | $8.72 mln (5 Analysts) |
Q2 EPS |
| -$0.41 |
|
Q2 Operating Expenses |
| $73.95 mln |
|
Q2 Pretax Profit |
| -$135.16 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for AST SpaceMobile Inc is $46.95, about 0.7% above its August 8 closing price of $46.63
Press Release: ID:nBwfQTyka
