AST SpaceMobile stock falls after Q1 earnings miss on revenue and loss estimates.

AST SpaceMobile reported a Q1 loss of 66 cents per share, missing the expected loss of 23 cents, with revenue of $14.74 million falling short of the $37.63 million estimate. The company attributed revenue to gateway deliveries and U.S. government milestones but faced high operating expenses of $164.1 million. Despite the miss, AST SpaceMobile holds $3.5 billion in cash and is progressing with satellite launches planned for mid-June. The stock dropped over 7% in after-hours trading following the report.