AST SpaceMobile Defies Earnings Miss with Strong Investor Confidence
AST SpaceMobile's third-quarter earnings fell short of Wall Street expectations, posting a loss of $0.45 per share against an anticipated $0.22 loss. Revenue reached $14.7 million, missing the $19.9 million forecast. Despite the underperformance, shares remained stable in after-hours trading, dipping a mere 0.1% to $68.80.
The company's resilience stems from its $1 billion in contracted revenue commitments, including landmark deals with Verizon and stc Group worth $175 million. With $3.2 billion in liquidity after a $1.15 billion convertible notes offering, AST SpaceMobile is funding an ambitious satellite deployment plan—five orbital launches by Q1 2026, targeting 45-60 satellites in orbit by year-end.