AST SpaceMobile Beats Q4 Earnings Estimates on Healthy Demand Trend

AST SpaceMobile, Inc. ASTS reported modest fourth-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.  Find the latest earnings estimates and surprises on  Earnings Calendar. During the quarter, the company announced the successful deployment of its initial set of five commercial satellites, BlueBirds. Utilizing large phased array antennas, AST SpaceMobile's technology is backed by more than 3,450 patents and patent-pending claims. By connecting directly to standard smartphones at broadband speeds, these advanced phased arrays eliminate the need for special equipment.Bottom LineNet loss in the reported quarter was $35.9 million or a loss of 18 cents per share compared with a net loss of $31.9 million or a loss of 35 cents per share in the year-ago quarter. The company reported a non-GAAP net loss of 12 cents per share, beating the Zacks Consensus Estimate by 2 cents.For 2024, net loss was $300.1 million or a loss of $1.94 per share compared with a net loss of $87.6 million or a loss of 1.07 cents per share in 2023.AST SpaceMobile, Inc. Price, Consensus and EPS Surprise AST SpaceMobile, Inc. price-consensus-eps-surprise-chart | AST SpaceMobile, Inc. QuoteQuarterly revenues were $1.92 million, which missed the consensus estimate of $3 million.For 2024, AST SpaceMobile generated $4.42 million in revenues.Other DetailsIn the December quarter, total operating expenses were $60.6 million compared with $60.9 million in the year-ago quarter. Adjusted operating expenses for the fourth quarter of 2024 were $40.8 million, up from $38.6 million in the year-earlier quarter.Cash Flow & LiquidityIn 2024, the company utilized $126.1 million of cash for operating activities compared with a cash utilization of $148.9 million in the year-ago period. As of Dec. 31, 2024, it had $ 565 million in cash and cash equivalents and long-term debt of $155.6 million compared with respective tallies of $85.6 million and $59.3 million a year ago.ASTS’ Zacks RankAST SpaceMobile currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesMethode Electronics MEI is scheduled to release third-quarter fiscal 2025 earnings on March 5. The Zacks Consensus Estimate for earnings is pegged at a loss of 17 cents per share, indicating growth of 48.48% from the year-ago figure.MongoDB MDB is scheduled to release fourth-quarter fiscal 2025 earnings on March 5. The Zacks Consensus Estimate for earnings is pegged at 64 cents per share, indicating decline of 25.58% from the year-ago figure.Yext YEXT is scheduled to release fourth-quarter fiscal 2025 earnings on March 5. The Zacks Consensus Estimate for earnings is pegged at 14 cents per share, indicating decline of 40% from the year-ago figure.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Methode Electronics, Inc. (MEI): Free Stock Analysis Report Yext (YEXT): Free Stock Analysis Report MongoDB, Inc. (MDB): Free Stock Analysis Report AST SpaceMobile, Inc. (ASTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks