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Benzinga
Benzinga
Business
Adam Eckert

AST SpaceMobile Misses Q2 Estimates, Shares Rise As Company Affirms $50 Million To $75 Million Revenue Opportunity In 2025

AST SpaceMobile SpaceMobile ASTS
Istanbul,,Turkey,-,5,Sep,2024:,Ast,Spacemobile,Web,Site

AST SpaceMobile Inc (NASDAQ:ASTS) reported financial results for the second quarter after the market close on Monday. Here’s a rundown of the report.

Q2 Earnings: AST SpaceMobile reported second-quarter revenue of $1.16 million, missing analyst estimates of $7.52 million. The company reported a second-quarter adjusted loss of 41 cents per share, missing analyst estimates for a loss of 21 cents per share, according to Benzinga Pro.

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