AST SpaceMobile (ASTS) 15 May 232023 Q1 Earnings call transcript

Good day and thank you for standing by. Welcome to the AST SpaceMobile First Quarter 2023 Business Update Call. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your host today, Scott Wisniewski, Chief Strategy Officer of AST SpaceMobile. Please go ahead.

afternoon, good and you, everyone. Thank

you Let presentation, two the slide contains me our refer which Safe of to Harbor disclaimer.

During forward-looking forward-looking this statements. actual events current may statements and uncertainties. make on are to differ could are we and on cause factors result assumptions expectations today's based and materially risks call. a subject to Many These call, statements as certain from the

and annual For section uncertainties, on about more risks please Factors the SpaceMobile's from these the the Securities for December of to XX-K and and AST ended Exchange AST by time the XXst, report SpaceMobile filed with refer Form SEC Risk time. that to Commission information year documents with other XXXX,

statements update specifically any will Q&A this remarks, by Readers questions are cautioned be forward-looking not the call. shareholders. initial submitted our in to be forward-looking the obligation Also, disclaims and put discussed to we that starting on undue may statements our during our with after company section advance reliance

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component and And to this pass completes Scott. our back call it that of the with presentation earnings I

Sean. you, Thank

of the off address could call to queue start a submitted you the we our to first the with by we'd questions, please like question? Before ahead Operator, few the questions analyst of of investors. go us

how to Josiah Michigan maintain market? SpaceMobile lead does their from in DXD asked AST plan the

Well, the Thank question. only space broadband and for first, we you, system. the Josiah, based are cellular first

Second, we and this pending new hold cellular and patent invented over market patents XXXX broadband claims.

Third, in low and communication the largest use technology have earth array for we operating validated are orbit. currently our orbit in commercial

pocket a billion far to the today. agreements understanding. X works we to and that in ahead technical have world our wireless system the of relationships with circulation continue any agreements support XX to other We're These meet with around phone approximately of over to on milestones. preliminary phones system accelerate the your we access continue operators Fourth, in as

deeply in manufacture parts. you. We we metal and points come. vertical are integration. all We with market development lead in our believe a Thank software we satellite majority literally of us this fifth, composite for and with own to strong invested years and these ASIC start And our own the provide

that asked from what FCC that upcoming relevant to are look New Zealand out Leyden should AST? some investors Okay. are milestones

I'll you. that take Thank one.

the of support. the technology years We in cellular and for connectivity now space have about front unique potential is talking for also been to FCC our designed from that capabilities several the

they've connectivity starting six process dedicated over space. a cellular more place And FCC applications by steps standalone rulemaking recently, a reviewing taken support, we that handful resources space has More of also to last from for space putting in the the bureau. months, specifically including a

week, And we last two just steps with regulatory then took on processes important the different FCC.

filings regarding that spectrum waiver spectrum between mobile AT&T AT&T First, AT&T's service. a spectrum requested This space the assets. band vast for majority us, a one agreement lease we to made low lease to and us filing of covers

space. AT&T for process supplemental And also coverage second, we and and submitted comments ongoing from others rulemaking for the

concern from providers? launch with of discussions and Brian dates Connecticut are details provide costs. launch asked. some finding ongoing confirming Can you about There the service

the Sean, I'll a rocket of X take our to an SpaceX February Block X launch this. in agreement first Falcon dedicated Thanks, Brian. year We quarter satellites XXXX. signed in on this of

manifest plans. for launches a active to openings we future capacity we support X, with of are terms In Block feel who of variety our in operators discussions have enough and

X are configuration In also are look, we market our And business. flexibility, makes the multiple design to launch order we which interesting and for have with the to compatible to have launch drive as their providers cadence vehicles. increase evolves, a developed believe anchor customers who customer our who looking Block volume we a very launch

expected service? Leyden commercial asked from need launch are before to months Zealand many BBXs post they begin how New

includes we the BlueWalker Leyden. initial flight signals, estimate that the you, X, of prior the and After in-orbit three That post separation. the starting to learnings directly to cellular Thank will system service users. launch and had we acceptance including the end the with which that activate it of with initial to fine deployment, spacecraft tune all have the service, the initial then utilizing broadcasting optimization commercial four months take interacting for of initial test

And like for now. thank submitting call questions. Operator, with questions I'd to shareholders that, let's to these analyst open our the

Thank you. you. [Operator Instructions] Thank

Mike question your line of Riley. please comes from Please, proceed first questions. with Our Crawford with the B.

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the earth end-to-end Basically separate, test doppler delay deployed, light compensator. pointing to [indiscernible] our and

signal elements. full devices, At Our end-to-end start type the into Samsung patented that process directly to culminated array the doing well. but completed three XG sufficient of BlueWalker of to rate at two we others purpose speeds, we process turning compensator. support connectivity of delay hertz, Then have this have as doppler completed the intended data we getting was the point, which the per elements up this all from array strength full level to point a measurements and where around X. at bits also are And we XG

of satellite Thank Okay. to clarify, improvement Block And or for of the you, Abel. magnitude in Block expect just that Is the that capacity per you order the BlueBird. X five? with is

compared we per X, get each X. times, can This continue reduction really cell of to is I another ten adding that cost unit significant us improvement vertical to No, satellite. BlueWalker that ten capacity satellite And our phone. have is X integration. capacity we Block XXX allowed the X. a have per to Block with to thanks BlueWalker times mean, in what cost times will delivered

own So We us with the of we we're the the allowed custom size as Also develop that this our allow the to continue combined all all to to our integrated. point. array the significantly X. software, get fully that vertically all from to Block ASICs technology scale to hardware, capacity X Block basically that

to for And just question Okay. Thank you. the relates last me Beamforming.

that you call you're where wondering to I'm you share how make multiple power once if connection. you then the the put trying able signal dynamically center on strength locale. of from to a beam versus to in could can versus So you're accurate And say expectations want to same point do a and support down the edge

Yeah.

So the terrestrial one technology to of of spectrum. ability reuse our the key is features

from to us a the it the work don't to particular terrestrial operators where they doesn't there in properly. signal where spectrum very precisely signals basically global terrestrial directions basically no So have use into or where allow direct the deploy areas ability a that is

X. with been BlueWalker demonstrated that So had

We recently in -- with the in where usage of basically terrestrial commission, footprint use leased FCC spectrum working use our this not an combination of precisely signals AT&T, not with is which into of the the directions us filed or agreement we the is have actually actually a to allowing with have point in the is properly. feature,

precision that is And designed two size So a needed the spectrum one, actually the reallocate of is system the is degrees and us capacity one and dynamically and software on on to defined depending a degrees half within system off half of a array. to point as the it a by the is allows and that our as operator. to turn

Thank Excellent. you much. very

Thank you.

question Caleb of the next proceed Our Please with is line from your questions. (ph). with Henry [Space] Quality

Hey, the guys. that A XX-Q is few now constellation and from quarter I questions description noticed total last satellites, me. your of not the quarter this XXX. in size XX

if was I to now the you of changes wondering architecture a the are based some us on smaller So through could constellation. slightly that walk

we we global how reserving the that were by which strength But of to service now to relates on the by margins confirmation have need Also what number you do continuous and we the feel basis. of that elevation, basically some a elevation, this. for signal with strength satellites on is signal

we around global Now satellites basis. handsets on have [indiscernible] basis. are classes confirming to that broadband we a global need global directly for XX Both connectivity

BlueWalker can there's before X It also transition Okay. the looks going share. of And kind XX to the clones you BlueBird. to like

So well? is made kind reason that as transition there a was why of

are in larger ten Xs. larger of the ASICs combination satellites size on to another of capacity in a the are which They of call X. as improvement X. that of term than each that though capacity that Block Block reason follow BlueWalker what support. the They five batch are even had total user is total we the in The XX of times next same they being amount BlueWalker amount No, with The is times there construction satellite have for custom gigabytes ability will our ten X. improvement current

continue to We add constellation. into them the

mean to XX mean previous you're better that spectrum I going expected Okay. that think satellites benchmark. more larger does that that And quality was the usage, and X does satellite? to between than slightly the gigabits than get the of per the

that new the to -- still we but capacity, are guidance, providing we have within not before. the but provided range We're

then on an question you last just Okay. is provide my could And if the ASICs. update

a far or during I completion. are Do done of that last those you how expect not finalized about today said away do the think were call, or if nearing to have you sense you those be? those

end to last that validated. our you to background X of in our where very phase which development enter is done on in and BlueWalker are on approach system [indiscernible] have the our us phase what -- we're We a nearing of last and beamforming of at development. been the [indiscernible] in X BlueWalker calibration we the and the of the allowed way very go the confirm basically The PGAs use it's similar developing. into implementing have that ASICs then Basically PGA

and stage So are Block the But ASICs. And in Xs, we're current them counting capacity improvement to compared give at we're to construction ten the our Xs. our that times satellites for on going last Block which with larger a of again, ASIC. us be that the

you. All right. Thank

I'm time, the call this for no further turn to At questions. like management remarks. back closing over I'd to you. Thank showing

you, Thank operator.

historic questions. call discussed, Thank unmodified joining this everyday was us, first your ever for appreciate you. smartphones. Abel space-based quarter we appreciate calls and support and for voice everyone using really the the completing We As a

today's Thank conference. concludes you. This

your your participation. lines disconnect this you may at You for Thank time.