Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from Debt (USD, thousands)

Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

225f62010dac7d031c74891f0825e9fd346d5ba26ebe4307cdbdce8f0759f9e5

Current Assets (USD, thousands)

Cash and Cash Equivalents (USD, thousands)

Accounts Receivable (USD, thousands)

Inventory (USD, thousands)

Non-Current Assets (USD, thousands)

Property, Plant, and Equipment (PP&E) (USD, thousands)

Goodwill (USD, thousands)

Intangible Assets (USD, thousands)

Current Liabilities (USD, thousands)

Accounts Payable (USD, thousands)

Short-term Debt (USD, thousands)

Accrued Expenses (USD, thousands)

Non-Current Liabilities (USD, thousands)

Long-term Debt (USD, thousands)

Lease Liabilities (USD, thousands)

Deferred Tax Liabilities (USD, thousands)

Shareholders' Equity (USD, thousands)

Retained Earnings (USD, thousands)

Common Stock (USD, thousands)

Additional Paid-in Capital (USD, thousands)

a4436fde8a00731437850a6b16d3e8bdaa3ad5802534351162945b5bcaf9913f

Revenues (USD, thousands)

Cost of sales (USD, thousands)

Gross profit (USD, thousands)

Engineering services costs (USD, thousands)

General and administrative costs (USD, thousands)

Research and development costs (USD, thousands)

Depreciation and amortization (USD, thousands)

Total operating expenses (USD, thousands)

Gain (loss) on remeasurement of warrant liabilities (USD, thousands)

Other income (expense), net (USD, thousands)

Total other income (expense), net (USD, thousands)

Loss before income tax (expense) benefit (USD, thousands)

Income tax (expense) benefit (USD, thousands)

Net loss before allocation to noncontrolling interest (USD, thousands)

Net loss attributable to noncontrolling interest (USD, thousands)

Net loss attributable to common stockholders (USD, thousands)

0215cc26d1e61fab78d1ee95da0022ac9dc1b105c17a916652a5834c5aa4210f

a957d2265dd25cac0a0e3e8a445318220fc57494f5ff2b13c654de565c24d519

AST SpaceMobile’s surge in cash and cash equivalents to **$516,389 thousand** in Q3 2024 was primarily driven by two key factors: **public warrant exercises**, which contributed **$153.3 million** in net proceeds, and the **ATM program**, which generated **$144.9 million** in funds, including **$106.9 million** from a newly created facility. These activities considerably strengthened the company's cash position during the quarter.  **[0000950170-24-127096_asts-ex99_1.htm:0]** **[ASTS_3408936_4]** 

What factors led to Cash and cash equivalents surging to 516,389 in Q3 2024?

The dramatic increase in Total Assets in Q3 2024 was driven by several key factors. **Cash and cash equivalents** saw a major jump from **$85,622 thousand** to **$516,389 thousand** due to the redemption of publicly traded warrants and the use of the at-the-market (ATM) facility. Additionally, there was an increase in **property and equipment, net** from **$238,478 thousand** to **$260,068 thousand** driven by capital expenditures related to the BlueBird satellites and investments in facility and production equipment. There was also a slight increase in **other non-current assets** from **$2,311 thousand** to **$3,872 thousand**. These combined factors reflect the company’s strategic investments and capital-raising activities during the period.  **[0000950170-24-127096_asts-ex99_1.htm:4]** **[0000950170-24-127101_asts-20240930.htm:2]** 

What drove the dramatic increase in Total Assets in Q3 2024?

The documents indicate that the current portion of long-term debt increased from **$252,000** at the end of 2023 to **$44,635,000** in Q3 2024. While this is usually due to reclassification of long-term debt that is due within the next year—which can occur as a result of new debt agreements or changes in the terms of existing debt—the documents do not provide a detailed explanation beyond that general rationale.  **[0000950170-24-127096_asts-ex99_1.htm:4]** **[0000950170-24-127101_asts-20240930.htm:2]** 

Why did the Current portion of long-term debt spike to 44,635 in Q3 2024?

29aca0782b40e0dc542d9a17657a0e2c132aec07ab460b606ec5ce99ab11810e

AST SpaceMobile's revenues dropped to **$0.00 in Q4 2022** because the company **sold its 51% interest in NanoAvionika UAB on September 6, 2022**, which resulted in the loss of revenue from Nano's customer contracts that previously contributed to its earnings.  **[0000950170-23-011124_asts-20221231.htm:115]** **[0000950170-23-011124_asts-20221231.htm:83]** 

Why did Revenues drop to 0.00 in Q4 2022?

The sharp increase in **Depreciation and Amortization** in **Q2 2023** was driven by the initiation of noncash amortization related to the **BlueWalker 3 satellite**. This change reflects the capitalization of costs associated with the satellite now being operational, which significantly raised the amortization expense compared to previous periods.  **[0000950170-23-042394_asts-20230630.htm:31]** **[ASTS_3310036_3]** 

What drove the sharp increase in Depreciation and Amortization in Q2 2023?

The significantly higher net loss in Q3 2023 was driven by several factors. **Operating expenses** surged due to increased engineering services costs—including higher payroll, employee-related costs, and stock-based compensation—as well as rising general and administrative, research and development, and other expenses. Notably, **depreciation and amortization expenses** escalated dramatically, alongside shifts in **other income (expense)**, which included a gain on the remeasurement of warrant liabilities that partially offset other expenses. These changes combined to amplify the net loss attributable to common stockholders in Q3 2023.  **[0000950170-23-063737_asts-20230930.htm:22]** **[0000950170-23-063726_asts-ex99_1.htm:5]** **[0000950170-23-063737_asts-20230930.htm:3]** 

What factors led to the significantly higher net loss for common stockholders in Q3 2023?

The increase in **Total Operating Expenses** in Q2 2023 was primarily driven by higher **engineering services costs** and **depreciation and amortization**. Specifically, engineering services costs surged by **$10,814 thousand (a 90% increase)** due to higher payroll expenses, increased headcount, milestone-based bonuses, and additional costs related to AIT facilities, prototyping, and travel. Additionally, depreciation and amortization expenses increased by **$12,930 thousand** with the initiation of noncash amortization of the BlueWalker 3 satellite. There was also a smaller increase in **research and development costs** by **$1,776 thousand** and a partial offset from a **$2,854 thousand** decline in general and administrative costs.  **[0000950170-23-042394_asts-20230630.htm:31]** **[ASTS_3310036_3]** 

Why did Total Operating Expenses increase so much in Q2 2023?

537cfe5d3139a06596403b527440560c93b93dc986efa700a76534990a7754af

NanoAvionika UAB

SpaceMobile Service

- Revenue from performance obligations recognized over time

- Revenue from performance obligations recognized at point-in-time transfer

Performance obligations completed under agreements with prime contractors

Resale of gateway equipment to a mobile network operator

Total Revenue

e99dcb2e8e1754e287bd5f866268ae71dbc630cb42f78ee399d24b953e43577b

Total Revenue (USD, thousands)

Cost of Goods Sold (COGS) (USD, thousands)

SG&A (USD, thousands)

R&D (USD, thousands)

D&A (USD, thousands)

Interest Expense (USD, thousands)

Operating Income (EBIT) (USD, thousands)

Net Income (USD, thousands)

EPS - Basic (USD)

EPS - Diluted (USD)

d8b81aa87fd8cd6f95ee68b4f24bf803ac113ade1dcdf638855d61ef9af1538e

AST SpaceMobile Inc (ASTS)

Financials