AST SpaceMobile Inc. (NASDAQ:ASTS) shares are trading lower Tuesday after the company reported worse-than-expected third-quarter financial results Monday after the market closed.
- AST SpaceMobile stock is trading near recent lows. What’s the outlook for ASTS shares?
AST SpaceMobile Misses on Earnings per Share and Revenue
AST SpaceMobile reported a third-quarter loss of 44 cents per share, wider than the consensus estimate of a loss of 40 cents. It reported revenue of $42.321 million, missing the consensus estimate of $46.639 million. The company had about $3.2 billion in cash, cash equivalents and restricted cash as of Sept. 30.
"We advanced several important initiatives to support the global expansion of our space-based cellular broadband network," said Abel Avellan, AST SpaceMobile’s chairman and CEO. He said the company expects to work with all major mobile network operators in the United States and Europe, building on an ecosystem of more than 60 operators representing more than 3 billion subscribers.
AST SpaceMobile Targets Nationwide Service by Year-End, Secures $1B From Japan
AST SpaceMobile announced Blacklift, its own 20-ton reusable rocket to deploy BlueBird satellites into low Earth orbit, starting in late 2028 using Miranda and Vira engines, which Firefly Aerospace Inc. (NASDAQ:FLY) agreed to supply in a deal announced Nov. 6.
The company expects to activate nationwide intermittent service in the United States and other key markets before the end of 2026. It secured a U.S. priority DPAS rating for a dual-use government and commercial satellite program, with planned launches from SpaceX, Blue Origin and others to bring the total BlueBird satellites deployed to more than 100 across 2027 and 2028.
AST SpaceMobile also secured $1.0 billion in non-dilutive funding for manufacturing and launching midband satellites from Japan’s Ministry of Internal Affairs and Communications. On manufacturing, it is moving to full-scale ASIC integration beginning with BlueBird 34 and expects a production rate of six ASIC satellites a month in December.
AST SpaceMobile Affirms 2026 Revenue Guidance
AST SpaceMobile affirmed its fiscal 2026 revenue guidance of $150 million to $200 million, versus the consensus estimate of $166.295 million.
AST SpaceMobile Shares Edge Lower
ASTS Price Action: At the time of publication, AST SpaceMobile shares are trading 3.52% lower at $35.59, according to data from Benzinga Pro.
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