AST SpaceMobile First Quarter 2023 Earnings: US$0.23 loss per share (vs US$0.21 loss in 1Q 2022)

AST SpaceMobile (NASDAQ:ASTS) First Quarter 2023 Results

Key Financial Results

• Net loss: US$16.3m (loss widened by 52% from 1Q 2022).
• US$0.23 loss per share (further deteriorated from US$0.21 loss in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AST SpaceMobile Earnings Insights

Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for AST SpaceMobile (1 is concerning!) that you should be aware of.

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