AST SpaceMobile’s Third-Quarter Loss Widens as Revenue Rises

AST SpaceMobile’s third-quarter loss widened to $132.4 million, even as revenue nearly tripled from a year earlier. The space-based broadband cellular network provider said it remains on track to meet its 2026 targets and revenue guidance of $150 million to $200 million.

Today, 01:52· Money Talk· 896 reads

AST SpaceMobile’s Third-Quarter Loss Widens as Revenue Rises

The company reported a loss of 44 cents a share for the quarter, compared with a loss of 45 cents a share a year earlier. Revenue rose to $42.3 million from $14.7 million.

Analysts polled by FactSet had expected a loss of 40 cents a share and revenue of $45.7 million. AST SpaceMobile shares fell 1.3% to $36.43 in after-hours trading on Monday.

The company is targeting service readiness by year-end, with initial, intermittent nationwide coverage in certain markets. It said it remains on track to achieve its revenue guidance of between $150 million and $200 million.

AST SpaceMobile’s Third-Quarter Loss Widens as Revenue Rises

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