AST SpaceMobile Q3 revenues jump 70%

Cash equivalents dropped $2.9M

Satellite-to-cellphone connectivity provider AST SpaceMobile (NASDAQ: ASTS) on Monday reported a 70% year-over-year jump in Q3 revenue of nearly $4.2 million. Cash, restricted cash and cash equivalents saw a 1.4% YoY dip to $199.5 million compared with $202.4 in Q3 2021 due to heavy investment in the company’s BlueWalker 3 test satellite. WHY IT MATTERS: […]

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