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    AST SpaceMobile Inc (ASTS)

    Business Description

    AST SpaceMobile, Inc. is a company engaged in designing and developing a global Cellular Broadband network in space. The company's primary service, known as the SpaceMobile Service, aims to provide cost-effective, high-speed Cellular Broadband services to end-users who are outside terrestrial cellular coverage using existing mobile devices. AST SpaceMobile operates under one segment and does not break down its revenue by product lines or segments, focusing on the development of satellite technology and related services.

    1. SpaceMobile Service - Provides high-speed Cellular Broadband services directly to everyday smartphones (2G/4G-LTE/5G devices) for both commercial and government applications, utilizing a constellation of high-powered satellites in Low Earth Orbit (LEO).

    Key Metrics

    View all financials →
    Revenue by Segment - in Millions of USDQ3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024
    NanoAvionika UAB--------
    SpaceMobile Service000-0---
    - Revenue from performance obligations recognized over time--------
    - Revenue from performance obligations recognized at point-in-time transfer--------
    Total Revenue000-00.50.91.1

    Questions to Ask Management

    1. Given that the initial 5 Block 1 satellites are operational but pending FCC approval for beta services, what are the specific risks and contingencies if regulatory approvals are delayed, and how might this impact your planned service rollout timelines?
    2. With the shift from Block 1 to Block 2 satellites requiring significant capital for production and launch, how do you plan to secure the necessary funding, and what is your strategy if anticipated financing does not materialize as expected?
    3. Considering the AST5000 ASIC chip is crucial for the enhanced capabilities of your Block 2 satellites but is still in initial validation, what are the potential technical or manufacturing challenges that could arise, and how could they affect your deployment schedule and service capacity?
    4. While you've secured a definitive agreement with AT&T, progress with other major MNOs seems to be in earlier stages; what obstacles are you facing in finalizing additional commercial agreements, and how could this delay impact your market entry and revenue projections?
    5. Regarding your government contracts, you've mentioned potential revenues in the hundreds of millions primarily from services over time; can you provide more detail on the steps required to realize these revenues and the competitive factors that might influence your ability to secure long-term government commitments?