AST SpaceMobile Prepares to Announce Q2 Earnings Today After Market Close
AST SpaceMobile (NASDAQ: ASTS), a trailblazer in space-based cellular broadband technology, is set to deliver its quarterly business update today, August 11, 2025, at 5:00 PM Eastern Time. The company, renowned for constructing the first space-based cellular network compatible with standard smartphones, continues to make substantial progress in bringing its groundbreaking technology to market.
In Q1 2025, AST SpaceMobile reported a robust $13.6 million in gateway equipment bookings from its mobile network operator partners. The quarter concluded with a healthy balance of $874.5 million in cash, bolstered by a $403 million convertible notes offering. The company has set its sights high, with plans to deploy over 60 satellites during 2025 and 2026. This ambitious project includes five orbital launches expected within the next six to nine months.
AST SpaceMobile has successfully conducted video calls with major partners, including Rakuten Mobile, AT&T, Vodafone, and Verizon, using unmodified smartphones connected to their satellite network. In addition, the company secured a $43 million contract with the U.S. Space Development Agency, underscoring the growing government interest in their innovative technology.
Source: https://www.businesswire.com/news/home/20250728732096/en/