AST SpaceMobile, Inc.

- As of March 31, 2026, AST SpaceMobile had approximately $3.5 billion in cash, including proceeds from a February convertible notes offering with a 2.25% coupon and a 10-year term. - The company stated it has no plans to pursue additional convertible debt in 2026. - They emphasized financial flexibility to make further investments but did not mention new equity fundraising. - Capital expenditures are expected to increase in Q2 2026, driven primarily by launch payments, but no new fundraising was indicated to cover these costs. - The company continues to focus on operational growth funded by existing resources and capital raised earlier.

- Q1 2026 capital expenditures were approximately $257 million, primarily for capitalized direct materials and labor for Block 2 BlueBird satellites, with facility and production equipment expenditures. - Q2 2026 capital expenditures are estimated to increase to $575 million to $650 million due to the timing of launch contract payments. - Continued investment reflects increasing satellite production and active launch plans. - The company has expanded its manufacturing facilities in Texas and beyond to support escalating launch schedules. - Over 1,000 people are dedicated to building composite satellite structures, with automation and robotization efforts underway. - Strategic investments include funding constellation buildout of over 100 BlueBird satellites, spectrum usage rights monetization, AI capabilities integration, and government space opportunities in the U.S. - Intentional focus on operational growth, including talent acquisition and professional/legal fees related to spectrum and regulatory initiatives.

- Expect significant revenue growth and opportunity across various applications using their technology. - Full-year 2026 revenue guidance is $150 million to $200 million, with sequential quarterly growth expected. - Approximately half of the commercial pipeline revenue for 2026 is already booked or contracted; the rest is advanced opportunities and new business expected to secure throughout the year. - Revenue to grow meaningfully each subsequent quarter in 2026 driven by gateway deliveries, government milestones, MNO consulting, and initial commercial service activations. - Anticipate revenue approaching $1 billion in 2027 driven by scaled global network deployment and expanded U.S. government use cases. - Manufacturing capacity ramping to support ~45 satellites in orbit by end of 2026, leading to continuous network expansion and service activation. - Continued investments in satellite production, launches, and spectrum monetization to accelerate SpaceMobile services drive future volume and revenue growth.

- AST SpaceMobile expects significant revenue growth throughout 2026, with full-year revenue guidance of $150 million to $200 million. - Revenue is anticipated to build sequentially each quarter driven by commercial gateway deliveries and U.S. government contracts. - The company projects a substantial revenue jump in 2027, approaching $1 billion from scaled network deployment and government contracts. - Operating expenses for Q2 2026 are forecasted to increase to $85 million to $95 million due to workforce expansion and scaling efforts. - Capital expenditures in Q2 2026 are expected to rise to $575 million to $650 million, primarily driven by launch payments and satellite production ramp-up. - The company aims to maintain financial flexibility without plans for additional convertible debt in 2026. - Overall, the transition from R&D to operational deployment supports improving profitability as satellite launches and commercial activations increase.

- Approximately half of the revenue opportunity within the commercial pipeline for 2026 is already booked or contracted. - The remaining portion consists of advanced-stage opportunities not yet signed and new business expected to be secured throughout the year. - The achievement of the revenue plan depends on successful launch and deployment of Block 2 BlueBird satellites, completion of U.S. government contractual milestones, gateway equipment sales to MNO partners, and activation of commercial service. - The company has contracts with SpaceX, Blue Origin, and other launch providers to support satellite launches. - As of March 31, 2026, cash, cash equivalents, and restricted cash totaled around $3.5 billion, providing financial flexibility for investments and growth. - The company expects to generate full-year 2026 revenue in the range of $150 million to $200 million, with meaningful growth each subsequent quarter.