Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q2 2024 Earnings Presentation
12 slides from Ast Spacemobile's earnings presentation, Aug 14, 2024
Slide 1: Business Update – Second Quarter 2024
Transforming how the world connects Business Update – Second Quarter 2024 August 14, 2024 NASDAQ: ASTS
Slide 2: Forward Looking Statements
ast-science.com Forward Looking Statements The information in this presentation and the oral statements made in connection therewith includes “forward-looking statements” for the purposes of federal securities laws that are not historical facts and involve risks and uncertainties that could cause ac
Slide 3: Building the first and only space-based cellular broadband network
Building the first and only space-based cellular broadband network
Slide 4: Key highlights
Key highlights First 5 commercial satellites on target for dedicated orbital launch in first half of September, each the largest-ever communications arrays to be deployed commercially in low Earth orbit Expanded the AST SpaceMobile commercial ecosystem, adding Verizon as strategic investor and cust
Slide 5: Final assembly and environmental testing of first 5 commercial satellites
Micron production ControlSat TVAC testing ControlSat production Solar panel production Preparing for testing Final assembly and environmental testing of first 5 commercial satellites completed successfully Final micron stack, BlueBird 5 Final assembly
Slide 6: First commercial satellites on target for dedicated orbital launch in first half of September
First 5 commercial satellites on target for dedicated orbital launch in first half of September
Slide 7: Initial Block 2 BlueBird planning and production of satellites underway
Initial Block 2 BlueBird planning and production of 17 satellites underway
Slide 8: 5,600+ Cells, ~70% US Mobile Users, 850 MHz Premium Spectrum
5,600+ Cells Target ~100% Geographical Coverage ~70% US Mobile Users 850 MHz Premium Spectrum 8
Slide 9: Operating and capital metrics
Operating and capital metrics Adj. Operating Expenses 1 Liquidity 3 $mm $mm Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense less non-cash operating expense such as depreciation and amortization and stock based-compensation expense. Depreci
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Slide 11: Appendix
Appendix
Slide 12: Reconciliation to non-GAAP measures – adj. operating expenses
Reconciliation to non-GAAP measures – adj. operating expenses Adj. operating expenses – 6 months ended ($ in thousands) June 30, ’24 Mar 31, ’24 June 30, ’23 Engineering services costs 21,202 19,511 22,813 General and administrative costs 17,839 12,287 10,221 Research and development costs 4,460 4,2