AST SpaceMobile, Inc. (NASDAQ:ASTS) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET

Company Participants

Scott Wisniewski - President and Chief Strategy Officer
Abel Avellan - Founder, Chairman and Chief Executive Officer
Andrew Johnson - Chief Financial Officer and Chief Legal Officer

Conference Call Participants

Mike Crawford - B. Riley Securities
Christopher Schoell - UBS
Chris Quilty - Quilty Analytics
Bryan Kraft - Deutsche Bank
Caleb Henry - Quilty Analytics

Operator

Good day and thank you for standing by. Welcome to the AST SpaceMobile Third Quarter 2024 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, President 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, 2023, with the Securities and Exchange Commission and other documents filed by AST SpaceMobile and the SEC from time-to-time.

Also, after our initial remarks, we will be starting our Q&A session with questions submitted by our shareholders. For those of you who may be new to our company and 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.

Additionally, there are billions of people without cellular broadband and who remain unconnected to the global economy. The markets we are pursuing are massive and the problem we are solving is important and touches nearly all of us.

In this backdrop, AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with everyday unmodified mobile devices and supported by our extensive IP and patent portfolio.

It is now my pleasure to pass over to Chairman and CEO, Abel Avellan, who will go through our activities since our last public update.

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Abel Avellan

Thank you, Scott.