Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q2 2025 Earnings Presentation
13 slides from Ast Spacemobile's earnings presentation, Aug 11, 2025
Slide 1: Second Quarter 2025 Business Update
SECOND QUARTER 2025 BUSINESS UPDATE August 11, 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 Preparing to deploy nationwide intermittent service Advanced commercialization efforts with expansion in the United States by the end of 2025, followed by of partnerships, derived from agreements with more the United Kingdom, Japan, and Canada in Q1 2026 than 50 mobile network operato
Slide 5: Preparing to Deploy Nationwide Intermittent Service in the U.S. by End of 2025
PREPARING TO DEPLOY NATIONWIDE INTERMITTENT SERVICE IN THE UNITED STATES BY THE END OF 2025, FOLLOWED BY THE UNITED KINGDOM, JAPAN, AND CANADA IN Q1 2026 5
Slide 6: Completed Assembly of Microns for Eight Block 2 BlueBird Satellites
COMPLETED ASSEMBLY OF MICRONS FOR PHASED ARRAYS OF EIGHT BLOCK 2 BLUEBIRD SATELLITES AND EXPECT TO COMPLETE ASSEMBLY OF 40 SATELLITES EQUIVALENT OF MICRONS BY EARLY 2026 Anticipating at least five orbital launches by end of Q1 2026, with orbital launches every one to two months on average to reach g
Slide 7: Target Block 2 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 Sep Oct Dec Jan Feb Mar Apr May Jun Array Completed 2025 2025 2025 2026 2026 2026 2026 2026 2026 Satellite(s) Aug Sep Nov Nov Dec Jan Feb
Slide 8: Expanded Spectrum Strategy with S-Band Spectrum Priority Rights
EXPANDED SPECTRUM STRATEGY WITH AGREEMENT TO ACQUIRE 60 MHZ OF GLOBAL S-BAND SPECTRUM PRIORITY RIGHTS, AUGMENTING EXISTING 3GPP CELLULAR AND L-BAND STRATEGIES, ALONGSIDE UNIQUE SATELLITE TECHNOLOGY TO DELIVER UP TO 120 MBPS PEAK DATA RATES PER CELL Existing low-band 3GPP strategy S-Band spectrum acc
Slide 9: Advanced Commercialization Efforts with Expansion of Partnerships
ADVANCED COMMERCIALIZATION EFFORTS WITH EXPANSION OF PARTNERSHIPS, DERIVED FROM AGREEMENTS WITH MORE THAN 50 MOBILE NETWORK OPERATORS GLOBALLY, WHICH HAVE NEARLY 3.0 BILLION EXISTING SUBSCRIBERS Vi partnership seeks to expand space-based mobile connectivity and solutions for consumer, enterprise, an
Slide 10: Additional Capabilities and Contract Awards with the U.S. Government
WHILE SHOWING ADDITIONAL CAPABILITIES FOR THE U.S. GOVERNMENT AND RECEIVING ADDITIONAL CONTRACT AWARDS WITH THE U.S. GOVERNMENT AS AN END CUSTOMER U.S. Indo-Pacific U.S. Space U.S. Navy U.S. Marine Corps U.S. Army U.S. USDR&E Command Command Demonstrated first tactical non-terrestrial network (NTN)
Slide 11: Operating and Capital Metrics
OPERATING AND CAPITAL METRICS 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense adjusted to exclude depreciation and amortization and Adj. Operating Expenses1 Capital Expenditures3 Liquidity4 stock based-compensation expense. Depreciation
Slide 12: Reconciliation to Non-GAAP Measures
RECONCILIATION TO NON-GAAP MEASURES Adj. operating expenses - 3 months ended ($ in thousands) Jun 30, ‘25 Mar 31, ‘25 Jun 30, '24 Engineering services costs 28,598 27,204 21,202 General and administrative costs 27,242 18,384 17,839 Research and development costs 6,393 7,135 4,460 Depreciation and am
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