AST SpaceMobile, Inc. stock research
FY2023 Q1
AST SpaceMobile (ASTS) Gross Margin & Quarterly History
Explore AST SpaceMobile, Inc. (ASTS) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue remained unchanged from the prior year's same quarter, while gross profit turned to zero, resulting in a gross margin of zero. Cost of revenue also fell to zero, leaving gross profit absent despite revenue being present.
- The gross margin weakened to zero from a positive level one year earlier, driven by the disappearance of gross profit even as revenue stayed flat. The sharp decline in cost of revenue relative to the prior year did not support any gross profit contribution.
- Compared to the immediately preceding quarter, both revenue and cost of revenue transitioned from zero to positive, yet gross profit remained zero, making gross margin unchanged at zero. Versus the same quarter one year earlier, cost of revenue was lower and gross profit fell to zero, weakening gross margin from a positive level to zero.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
0.0%
Gross profit
$0
Revenue
$2.4M
Cost of revenue
$0
Quarter-over-quarter change
n/a
Year-over-year change
-17.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $2.4M | $0 | $0 | 0.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-17.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened to zero from a positive level one year earlier, driven by the disappearance of gross profit even as revenue stayed flat. The sharp decline in cost of revenue relative to the prior year did not support any gross profit contribution.
Compared to the immediately preceding quarter, both revenue and cost of revenue transitioned from zero to positive, yet gross profit remained zero, making gross margin unchanged at zero. Versus the same quarter one year earlier, cost of revenue was lower and gross profit fell to zero, weakening gross margin from a positive level to zero.
Monitor whether any gross profit emerges in future periods as revenue and cost of revenue evolve, especially given the absence of gross margin in the current quarter.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| AST SpaceMobile, Inc. (ASTS) | 0.0% |
| Rocket Lab USA, Inc. (RKLB) | 38.2% |