What's Going On With AST SpaceMobile Stock After The Bell?
Portfolio Pulse from Adam Eckert
AST SpaceMobile Inc reported a Q2 earnings loss of 24 cents per share, missing estimates for a loss of 19 cents per share. The company raised up to $179 million in cash and liquidity during the quarter and ended with $191.5 million. AST SpaceMobile also reported progress in its space-based 4G LTE cellular broadband capabilities and plans to launch its first five fully funded BlueBird satellites in Q1 2024.
August 14, 2023 | 8:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AST SpaceMobile reported a larger than expected Q2 loss but also raised significant cash and liquidity. The company's progress in space-based 4G LTE and plans for satellite launch could impact its stock.
AST SpaceMobile's larger than expected Q2 loss could negatively impact its stock. However, the company's successful fundraising and progress in its space-based 4G LTE capabilities, as well as its plans for satellite launch, could have a positive impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100