2023-08-01 08:47:00 ET
AST SpaceMobile ( NASDAQ: ASTS ) gives out preliminary Q2 results , expects Q2 cash and cash equivalents and restricted cash of ~$191.5M.
Total operating expenses are expected to be between $57.1M and $59.1M for Q2 2023, including $19.1M to $20.1M of depreciation and amortization and stock-based compensation expense.
As of June 30, 2023, the company incurred ~$156.9M of capitalized property and equipment costs.
The stock price is down 1.6%.
More on AST SpaceMobile:
-
AST SpaceMobile: Keep Your Eyes On The Prize Through Short-Term Volatility
-
AST SpaceMobile Screams 'Watson, I'm Calling You From Space'
-
Sell-side analyst give this stock a Strong Buy, with an average target price of $20.67
For further details see:
AST SpaceMobile down ~2% after prelim Q2 numbers