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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 900,000 | 80% |
| Gross Profit | -37M | 17.6% |
| Cost of Revenue | 38M | 18.6% |
| Operating expense | 64M | 14.1% |
| Net Income | -73M | 267.7% |
| EBITDA | -47M | 1058% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 580M | 15.5% |
| Total Liabilities | 338M | 56.5% |
| Total Equity | 242M | 15.4% |
| Shares Outstanding | 533M | 4.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -16M | 66.4% |
| Cash from investing | -22M | 43.9% |
| Cash from financing | 114M | 46.5% |
EPS
Financial Highlights for AST SpaceMobile in Q2 '24
AST SpaceMobile reported a revenue of 900,000, which is a 80% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -37M, marking a -17.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 38M, a 18.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 64M, showing a 14.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -73M, showing a -267.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -47M, showing a -1058% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
AST SpaceMobile faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
