AST SpaceMobile reported Q2 revenue of $1.16mln, missing analyst estimates of $7.52mln. The company reported a loss of 41 cents per share, missing estimates for a loss of 21 cents. AST SpaceMobile highlighted its expanded spectrum strategy, assembly of satellites, and plans for nationwide intermittent service in the US by the end of 2025. The company expects revenue of $50mln to $75mln in the back half of 2025. Shares rose 5.24% in after-hours trading.
AST SpaceMobile, Inc. (ASTS) reported its second-quarter (Q2) financial results on Monday, July 2, 2025, after the market close. The company's revenue for the quarter was $1.16 million, falling short of analyst estimates of $7.52 million. Additionally, AST SpaceMobile reported an adjusted loss of 41 cents per share, missing estimates of a loss of 21 cents per share [1].
Despite the revenue miss, the company highlighted several key achievements during the quarter. AST SpaceMobile expanded its spectrum strategy by acquiring global S-band spectrum priority rights for $64.5 million [2]. The company also made significant progress in its satellite assembly efforts, with the assembly of microns for phased arrays of eight Block 2 BlueBird satellites [1]. AST SpaceMobile expects to complete the assembly of 40 satellites equivalent of microns by early 2026.
The company also announced plans for nationwide intermittent service in the U.S. by the end of 2025, with deployment expected in the U.K., Japan, and Canada in the first quarter of 2026 [1]. AST SpaceMobile continues to expect revenue of $50 million to $75 million in the back half of 2025.
Shares of AST SpaceMobile rose 5.24% in after-hours trading, closing at $45.92 [1].
References:
[1] https://www.benzinga.com/markets/earnings/25/08/47045453/ast-spacemobile-misses-q2-estimates-shares-rise-as-company-affirms-50-million-to-75-million-revenue-opportunity-in-2025
[2] https://www.marketscreener.com/news/ast-spacemobile-q2-revenue-misses-expectations-ce7c5ed3d88bfe27
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