AST SpaceMobile Reports Q3 Revenue of $42.32 Million Amid EPS Miss
AST SpaceMobile (ASTS) reported third-quarter financial results featuring a significant year-over-year revenue increase of 187.3%, reaching $42.32 million. However, the company missed revenue expectations by $3.68 million and reported an earnings per share (EPS) of -$0.44. Despite the quarterly miss, management remains confident in its long-term financial trajectory, maintaining full-year revenue guidance of $150 million to $200 million. The company noted potential upside to these projections following recent contract signatures and strategic developments within its satellite communications ecosystem.
Topics: contract announcement earnings miss financial guidance revenue growth