AST SpaceMobile, Inc. (NASDAQ:ASTS) Q3 2022 Results Conference Call November 14, 2022 5:00 PM ET

Company Participants

Scott Wisniewski - CSO

Abel Avellan - Chairman, CEO

Sean Wallace - CFO

Conference Call Participants

Bryan Kraft - Deutsche Bank

Caleb Henry - Quilty Analytics

Griffin Boss - B. Riley

Operator

Good day, and thank you for standing by. Welcome to the AST SpaceMobile Third Quarter 2022 Business Update Call. Please be advised that today's conference is being recorded.

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

Scott Wisniewski

Thank you, and good afternoon, everyone. Let me refer you to Slide 2 of the presentation, which contains our safe harbor disclaimer.

During today's call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions, and as a result, are subject to risks and uncertainties. Many factors could cause actual events to differ materially from the forward-looking statements on this call. For more information about these risks and uncertainties, please refer to the Risk Factors section of AST SpaceMobile's annual report on Form 10-K for the year that ended December 31, 2021, and with the Securities and Exchange Commission and on other documents filed by AST SpaceMobile with the SEC from time to time.

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

Now referring to Slide 3. For those of you who may be new to our company in mission, there are over 5 billion mobile phones in use today around the world, but many of us still experience gaps in coverage as we live, work and travel. In this backdrop, AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard unmodified mobile devices based on our extensive IP and patent portfolio.

Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's 5 billion mobile subscribers and finally bring broadband to billion to remain unconnected.

Since our last quarterly business update, we have made strong progress, including the achievement of several critical technology milestones.