Quarterly Report (10-Q)

AST SpaceMobile burned through $47.5 million in operating cash during the first quarter of 2022 while spending an additional $21.6 million on satellite construction and property investments, reducing cash reserves from $321.8 million to $253.7 million. The company reported $2.4 million in revenue for Q1 2022 against $32.7 million in operating expenses, resulting in a net loss of $37.9 million before allocating $27.2 million to noncontrolling interests, with the remaining $10.7 million loss attributed to common stockholders. Material progress included advancing the BlueWalker 3 test satellite construction with $82.7 million in capitalized costs and securing a multi-launch agreement with SpaceX for $22.8 million in combined payments for BW3 and future BlueBird satellite launches.