Quarterly Report (10-Q)

AST SpaceMobile completed assembly of its BlueWalker 3 test satellite and incurred $88.5 million in operating cash burn during the first half of 2022 while revenues of $9.7 million came solely from its Nano subsidiary's satellite manufacturing operations. The company's cash position declined to $202.4 million from $321.8 million at year-end 2021, driven by $33.6 million in capital expenditures including $21.4 million for satellite construction and a $22.8 million SpaceX multi-launch agreement payment, while warrant liability gains of $17.6 million partially offset operating losses of $45.9 million.