Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q3 2025 Earnings Presentation
13 slides from Ast Spacemobile's earnings presentation, Nov 10, 2025
Slide 1: Third Quarter 2025 Business Update
THIRD QUARTER 2025 BUSINESS UPDATE November 10, 2025 NASDAQ: ASTS
Slide 2: Forward Looking Statements
Forward Looking Statements This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be id
Slide 3: Building the First and Only Space-Based Cellular Broadband Network
Building the First and Only Space-Based Cellular Broadband Network 3
Slide 4: Key Highlights
KEY HIGHLIGHTS Significant contract wins with the signing of Secured over $1.0 billion in aggregate contracted definitive commercial agreements with stc Group revenue commitments from partners as and Verizon, as well as additional traction with U.S. commercialization efforts and integration with Gov
Slide 5: Significant Contract Wins with stc Group and Verizon, and U.S. Government
SIGNIFICANT CONTRACT WINS WITH THE SIGNING OF DEFINITIVE COMMERCIAL AGREEMENTS WITH STC GROUP AND VERIZON, AS WELL AS ADDITIONAL TRACTION WITH U.S. GOVERNMENT CUSTOMER stc Group agreement covers Saudi Arabia and other key regional markets in the Middle East and North Africa, with a 10-year term and
Slide 6: Selected MNO Partners and Contracted Revenue Commitments
SECURED OVER $1.0 BILLION IN AGGREGATE CONTRACTED REVENUE COMMITMENTS FROM PARTNERS AS COMMERCIALIZATION EFFORTS AND INTEGRATION WITH PARTNER NETWORKS ACCELERATE Initial activation in key markets including nationwide intermittent service across the continental United States, with plans for activatio
Slide 7: Multi-Provider Orbital Launch Campaign Started; BlueBird 6 Shipped to India
STARTED MULTI-PROVIDER ORBITAL LAUNCH CAMPAIGN FOLLOWING SHIPMENT OF BLUEBIRD 6 TO INDIA WITH LAUNCH EXPECTED IN FIRST HALF OF DECEMBER BlueBird 7 expected to ship to Cape Canaveral in November with orbital launch anticipated shortly thereafter On track for five orbital launches expected by the end
Slide 8: Target Block BlueBird Deployment Plan to Reach 45-60 Satellites
TARGET BLOCK 2 BLUEBIRD DEPLOYMENT PLAN TO REACH 45-60 SATELLITES IN ORBIT DURING 2025 AND 2026 Launch # 1 2 3 4 5 6 7 8 9 10 11 12 13 Microns For Phased Dec Jan Feb Mar Apr May Jun Array Completed 2025 2026 2026 2026 2026 2026 2026 Satellite(s) Nov Dec Dec Jan Feb Feb Mar Apr May Jun Ju
Slide 9: Initial Activation in Key Markets, Including Nationwide Intermittent U.S. Service
INITIAL ACTIVATION IN KEY MARKETS INCLUDING NATIONWIDE INTERMITTENT SERVICE ACROSS THE CONTINENTAL UNITED STATES, WITH PLANS FOR ACTIVATIONS IN CANADA, JAPAN, SAUDI ARABIA, AND THE UNITED KINGDOM IN EARLY 2026 UNITED STATES ACTIVATION OUTLOOK GLOBAL ACTIVATION OUTLOOK 9
Slide 10: Comprehensive Global Spectrum Strategy
COMPREHENSIVE GLOBAL SPECTRUM STRATEGY WITH SHARED MNO FREQUENCIES AND CONTROLLED MSS FREQUENCIES 1,150 MHz low- and mid-band tunable MNO spectrum globally 45 MHz of AST SpaceMobile-licensed MSS mid-band spectrum in North America 60 MHz of AST SpaceMobile-licensed S-band spectrum priority rights glo
Slide 11: Operating and Capital Metrics
OPERATING AND CAPITAL METRICS Adj. Operating Expenses1 Capital Expenditures3 Liquidity4 $M $M $B 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense adjusted to exclude depreciation and amortization and stock based-compensation expense. Dep
Slide 12: Reconciliation to Non-GAAP Measures
RECONCILIATION TO NON-GAAP MEASURES Adj. operating expenses - 3 months ended ($ in thousands) Sep 30, ‘25 Jun 30, ‘25 Sep 30, '24 Cost of revenues (exclusive of items shown below) 5,511 - - Engineering services costs 40,836 28,598 21,828 General and administrative costs 29,822 27,242 15,551 Research
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