Overview
Space-based cellular network's 2025 revenue rises
Company secured over $1.2 bln in contracted revenue commitments
Continued satellite launch campaign, aiming for 45-60 satellites by end of 2026
Outlook
AST SpaceMobile expects revenue growth in 2026 ahead of commercial service activation
Company plans to launch additional satellites every one to two months to reach 45-60 satellites by end of 2026
Result Drivers
REVENUE SOURCES - Full year revenue of $70.9 mln driven by mobile network operator partners and the U.S. Government
SATELLITE DEPLOYMENT - Successfully completed unfolding of BlueBird 6, expected to greatly exceed 120 Mbps peak data speeds
LAUNCH CAMPAIGN - Continued orbital launch campaign with BlueBird 7 encapsulated at Cape Canaveral, aiming for 45-60 satellites by end of 2026
Company press release: ID:nBwbLWjy6a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$70.9 mln
FY Operating Expenses
$358.63 mln
FY Pretax Profit
-$457.11 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy."
Wall Street's median 12-month price target for AST SpaceMobile Inc is $85.44, about 7.9% above its February 27 closing price of $79.19
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)