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10-Q Filing

AST SPACEMOBILE, INC. CIK: 1780312 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000950170-22-010115
Period End Date 20220331
Filing Date 20220516
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance asts-20220331_htm.xml
Balance Sheet 66 line items
Line Item Tag Value Unit Period
cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $253.73M USD Point-in-time
cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $321.79M USD Point-in-time
Restricted cash RestrictedCashCurrent $2.75M USD Point-in-time
Restricted cash RestrictedCashCurrent $1.38M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $2.17M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $2.59M USD Point-in-time
Inventories InventoryNet $1.41M USD Point-in-time
Inventories InventoryNet $1.83M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.21M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.54M USD Point-in-time
Other current assets OtherAssetsCurrent $4.47M USD Point-in-time
Other current assets OtherAssetsCurrent $9.86M USD Point-in-time
Total current assets AssetsCurrent $335.80M USD Point-in-time
Total current assets AssetsCurrent $272.93M USD Point-in-time
BlueWalker 3 satellite - construction in progress ConstructionInProgressGross $67.61M USD Point-in-time
BlueWalker 3 satellite - construction in progress ConstructionInProgressGross $82.69M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNetExcludedConstructionInProgress $32.16M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNetExcludedConstructionInProgress $28.33M USD Point-in-time
Total property and equipment, net PropertyPlantAndEquipmentNet $95.94M USD Point-in-time
Total property and equipment, net PropertyPlantAndEquipmentNet $114.85M USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $7.99M USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $7.99M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $242.00K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $205.00K USD Point-in-time
Goodwill Goodwill $3.64M USD Point-in-time
Goodwill Goodwill $3.55M USD Point-in-time
Other non-current assets OtherNonCurrentAssets $15.07M USD Point-in-time
Other non-current assets OtherNonCurrentAssets $317.00K USD Point-in-time
Total other non-current assets OtherAssetsNoncurrent $26.81M USD Point-in-time
Total other non-current assets OtherAssetsNoncurrent $12.19M USD Point-in-time
TOTAL ASSETS Assets $414.59M USD Point-in-time
TOTAL ASSETS Assets $443.94M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.64M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.92M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $7.47M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $7.29M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $6.64M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $7.80M USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $900.00K USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $634.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.38M USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.91M USD Point-in-time
Warrant liabilities WarrantLiabilities $63.54M USD Point-in-time
Warrant liabilities WarrantLiabilities $58.06M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $7.31M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $7.53M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.94M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.00M USD Point-in-time
Total liabilities Liabilities $91.96M USD Point-in-time
Total liabilities Liabilities $98.71M USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Additional Paid in Capital AdditionalPaidInCapital $171.16M USD Point-in-time
Additional Paid in Capital AdditionalPaidInCapital $172.71M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-505.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-433.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-81.18M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-70.46M USD Point-in-time
Noncontrolling interest MinorityInterest $224.84M USD Point-in-time
Noncontrolling interest MinorityInterest $251.69M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $79.99M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $351.97M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $315.88M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.01M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $443.94M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $414.59M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerIncludingAssessedTax $951.00K USD 1 Quarter
Revenues RevenueFromContractWithCustomerIncludingAssessedTax $2.39M USD 1 Quarter
Cost of sales (exclusive of items shown separately below) CostOfRevenue $896.00K USD 1 Quarter
Cost of sales (exclusive of items shown separately below) CostOfRevenue $1.99M USD 1 Quarter
Gross profit GrossProfit $55.00K USD 1 Quarter
Gross profit GrossProfit $408.00K USD 1 Quarter
Engineering services OtherGeneralExpense $11.74M USD 1 Quarter
Engineering services OtherGeneralExpense $5.66M USD 1 Quarter
General and administrative costs GeneralAndAdministrativeExpense $5.54M USD 1 Quarter
General and administrative costs GeneralAndAdministrativeExpense $11.62M USD 1 Quarter
Research and development costs ResearchAndDevelopmentExpense $8.28M USD 1 Quarter
Research and development costs ResearchAndDevelopmentExpense $304.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $614.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.10M USD 1 Quarter
Total operating expenses OperatingExpenses $12.11M USD 1 Quarter
Total operating expenses OperatingExpenses $32.74M USD 1 Quarter
Loss on remeasurement of warrant liabilities FairValueAdjustmentOfWarrants - USD 1 Quarter
Loss on remeasurement of warrant liabilities FairValueAdjustmentOfWarrants $5.48M USD 1 Quarter
Other income (expense), net InterestIncomeExpenseNonoperatingNet $15.00K USD 1 Quarter
Other income (expense), net InterestIncomeExpenseNonoperatingNet $-28.00K USD 1 Quarter
Total other loss, net NonoperatingIncomeExpense $-5.47M USD 1 Quarter
Total other loss, net NonoperatingIncomeExpense $-28.00K USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-12.09M USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-37.80M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $104.00K USD 1 Quarter
Net loss before allocation to noncontrolling interest ProfitLoss $-12.09M USD 1 Quarter
Net loss before allocation to noncontrolling interest ProfitLoss $-37.90M USD 1 Quarter
Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-508.00K USD 1 Quarter
Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-27.18M USD 1 Quarter
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-10.72M USD 1 Quarter
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-11.58M USD 1 Quarter
Basic and diluted net loss per common share EarningsPerShareBasicAndDiluted $-0.21 USD 1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 51.76M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net loss before allocation to noncontrolling interest ProfitLoss $-12.09M USD 1 Quarter
Net loss before allocation to noncontrolling interest ProfitLoss $-37.90M USD 1 Quarter
Depreciation Depreciation $1.05M USD 1 Quarter
Depreciation Depreciation $557.00K USD 1 Quarter
Amortization of Intangible Assets AmortizationOfIntangibleAssets $57.00K USD 1 Quarter
Amortization of Intangible Assets AmortizationOfIntangibleAssets $54.00K USD 1 Quarter
Loss on remeasurement of warrant liabilities FairValueAdjustmentOfWarrants - USD 1 Quarter
Loss on remeasurement of warrant liabilities FairValueAdjustmentOfWarrants $5.48M USD 1 Quarter
Non-cash lease expense NoncashLeaseExpense $170.00K USD 1 Quarter
Non-cash lease expense NoncashLeaseExpense $100.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.25M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $356.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $470.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-942.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-100.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $6.84M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $457.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $443.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.27M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.68M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-112.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-94.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $725.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $1.33M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $12.00K USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $14.75M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-8.53M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-47.51M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.73M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.66M USD 1 Quarter
BlueWalker 3 Satellite - construction in process PaymentsForConstructionsInProcess $16.91M USD 1 Quarter
BlueWalker 3 Satellite - construction in process PaymentsForConstructionsInProcess $8.70M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-11.42M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-21.57M USD 1 Quarter
Direct costs incurred for the Business Combination DirectAndIncrementalCostsIncurredForBusinessCombination - USD 1 Quarter
Direct costs incurred for the Business Combination DirectAndIncrementalCostsIncurredForBusinessCombination $595.00K USD 1 Quarter
Proceeds from warrant exercises ProceedsFromWarrantExercises - USD 1 Quarter
Proceeds from warrant exercises ProceedsFromWarrantExercises $33.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $97.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $130.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-595.00K USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents $-19.00K USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents $-482.00K USD 1 Quarter
Net decrease in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-69.43M USD 1 Quarter
Net decrease in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-20.56M USD 1 Quarter
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $22.21M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $324.54M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $42.78M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $255.11M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $22.21M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $324.54M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $42.78M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $255.11M USD Point-in-time
Purchases of construction in process in accounts payable PurchaseOfAccruedConstructionInProcess $1.48M USD 1 Quarter
Purchases of construction in process in accounts payable PurchaseOfAccruedConstructionInProcess $3.26M USD 1 Quarter
Purchases of property and equipment in accounts payable PurchaseOfAccruedPropertyAndEquipment $1.66M USD 1 Quarter
Purchases of property and equipment in accounts payable PurchaseOfAccruedPropertyAndEquipment $362.00K USD 1 Quarter
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $191.00K USD 1 Quarter
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $79.99M USD Point-in-time
Beginning balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $351.97M USD Point-in-time
Beginning balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $315.88M USD Point-in-time
Beginning balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.01M USD Point-in-time
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $2.21M USD 1 Quarter
Stock-based compensation pre Business Combination StockbasedCompensationPreBusinessCombination $370.00K USD 1 Quarter
Issuance of equity under employee stock plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $30.00K USD 1 Quarter
Warrant exercise AdjustmentsToAdditionalPaidInCapitalWarrantIssued $1.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-432.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-263.00K USD 1 Quarter
Net income (loss) ProfitLoss $-12.09M USD 1 Quarter
Net income (loss) ProfitLoss $-37.90M USD 1 Quarter
Ending balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $79.99M USD Point-in-time
Ending balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $351.97M USD Point-in-time
Ending balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $315.88M USD Point-in-time
Ending balance, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.01M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss before allocation to noncontrolling interest ProfitLoss $-12.09M USD 1 Quarter
Net loss before allocation to noncontrolling interest ProfitLoss $-37.90M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-432.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-263.00K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-263.00K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-432.00K USD 1 Quarter
Total comprehensive loss before allocation to noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-12.35M USD 1 Quarter
Total comprehensive loss before allocation to noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-38.34M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-27.54M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-574.00K USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-10.79M USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-11.78M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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