AST SpaceMobile, Inc. (NASDAQ:ASTS) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET

Company Participants

Scott Wisniewski - Chief Strategy Officer

Abel Avellan - Chairman and Chief Executive Officer

Sean Wallace - Chief Financial Officer

Conference Call Participants

Bryan Kraft - Deutsche Bank

Chris Quilty - Quilty Analytics

Andres Coello - Scotiabank

Landon Park - Morgan Stanley

Griffin Boss - B. Riley Securities

Operator

Good day and thank you for standing by. Welcome to the AST SpaceMobile First 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 with the Securities and Exchange Commission and 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 maybe discussed on this call. Also, after our initial remarks, we will be starting our Q&A section with questions submitted in advance by our shareholders.

With that, I would like to introduce Chairman and CEO, Abel Avellan, and our new Chief Financial Officer, Sean Wallace to the call as well. Abel, over to you.

Abel Avellan

Thank you, Scott. For those of you who may be new to our company, I want to take a few minutes to explain our mission on what is actually what we are doing. AST SpaceMobile is building the first and only global cellular broadband network in the space to operate directly with standard modifying 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 5 billion mobile subscribers and finally bring broadband to the billions who remain unconnected. We believe this to be a very large opportunity and allowed us to participate in the 1 trillion annual wireless service market.