AST SpaceMobile falls after reporting wider second-quarter loss
ASTS•AST SpaceMobile falls after quarterly loss widens
Shares of satellite communications company AST SpaceMobile fell 1.2% in after-market trading after the company reported a wider second-quarter loss.
Q2 net loss widened to $230.91 million from $99.39 million a year earlier, driven primarily by a $125.9 million one-time charge.
Q2 revenue was $31.52 million, missing the $34.98 million estimate, according to data compiled by LSEG.
Up to the last close, the stock was down 5.3% year to date.
