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These Analysts Boost Their Forecasts On AST SpaceMobile After Q2 Results
AST SpaceMobile Inc (NASDAQ:ASTS) reported a loss for its second quarter on Wednesday.
AST SpaceMobile reported second-quarter sales of $900,000. The company reported an adjusted loss of 51 cents per share, missing analyst estimates for a loss of 22 cents per share, according to data from Benzinga Pro.
AST SpaceMobile highlighted a strategic investment by Verizon during the quarter that brings a $100 million financial commitment. The company ended the quarter with $287.6 million in cash, cash equivalents and restricted cash. AST SpaceMobile also had $51.5 million of additional liquidity available to draw under its senior secured credit facility.
"We stand at ...