AST SpaceMobile Inc (NASDAQ:ASTS) reported a loss for its second quarter on Wednesday. AST SpaceMobile reported second-quarter sales of $900,000. The company reported an adjusted loss of 51 cents per share, missing analyst estimates for a loss of 22 cents per share, according to data from Benzinga Pro. AST SpaceMobile highlighted a strategic investment by Verizon during the quarter that brings a $100 million financial commitment. The company ended the quarter with $287.6 million in cash, cash equivalents and restricted cash. AST SpaceMobile also had $51.5 million of additional liquidity available to draw under its senior secured credit facility. “We stand at …

https://www.benzinga.com/news/earnings/24/08/40395219/these-analysts-boost-their-forecasts-on-ast-spacemobile-after-q2-results

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