- AST SpaceMobile ( NASDAQ: ASTS ) ended Q2 with cash and cash equivalents of approximately $202M, not including the expected cash proceeds from sale of its 51% interest in its subsidiary, UAB NanoAvionics .
- For Q2, the company expects total operating expenses between $34M and $37M.
- As of June 30, 2022, the company have incurred approximately $86.6M of capitalized costs (including launch cost and non-recurring engineering costs) related to the construction and testing of the BlueWalker 3 test satellite and approximately $38.1M in property and equipment primarily related to the Texas facilities, satellite antennas, test equipment, and leasehold improvements.
- Shares up 1.2% PM.
- Stock rated Strong Buy by Wall Street Analysts and Hold by SA Quant rating system .
- Read the most recent Bullish analysis on the stock here.
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AST Spacemobile provides preliminary Q2 update