AST SpaceMobile reported Q3 2024 revenue of $1.1 million from U.S. government contracts, while net loss widened to $303.1 million compared to $50.7 million in Q3 2023. Operating expenses increased 13% to $66.6 million, driven by higher engineering services, R&D, and general administrative costs. The company recorded a $236.9 million loss on warrant liability remeasurement due to significant warrant exercises and share price increases.The company successfully launched five Block 1 BlueBird satellites in September 2024, with total costs of $119 million. Cash and cash equivalents stood at $518.9 million as of September 30, with $430.8 million raised during Q3 through warrant exercises and equity offerings. The company repaid its $54.9 million senior secured credit facility loan in November 2024.AST SpaceMobile continues to advance its commercial satellite deployment plans, estimating $19-21 million per satellite for a constellation of 90 Block 2 BlueBird satellites. The company plans to initiate limited service with 25 satellites and expects to need an additional $120-170 million in funding to achieve this milestone. Management believes current cash reserves are sufficient for the next 12 months of operations.

AST SpaceMobile reported Q3 2024 revenue of $1.1 million from U.S. government contracts, while net loss widened to $303.1 million compared to $50.7 million in Q3 2023. Operating expenses increased 13% to $66.6 million, driven by higher engineering services, R&D, and general administrative costs. The company recorded a $236.9 million loss on warrant liability remeasurement due to significant warrant exercises and share price increases.The company successfully launched five Block 1 BlueBird satellites in September 2024, with total costs of $119 million. Cash and cash equivalents stood at $518.9 million as of September 30, with $430.8 million raised during Q3 through warrant exercises and equity offerings. The company repaid its $54.9 million senior secured credit facility loan in November 2024.AST SpaceMobile continues to advance its commercial satellite deployment plans, estimating $19-21 million per satellite for a constellation of 90 Block 2 BlueBird satellites. The company plans to initiate limited service with 25 satellites and expects to need an additional $120-170 million in funding to achieve this milestone. Management believes current cash reserves are sufficient for the next 12 months of operations.