$ASTS
AST SpaceMobile, Inc.

2024 Q3 Form 10-Q Financial Statement

#000095017024127101 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $1.100M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.55M
YoY Change 41.44%
% of Gross Profit
Research & Development $14.72M
YoY Change 56.34%
% of Gross Profit
Depreciation & Amortization $14.50M
YoY Change -23.68%
% of Gross Profit
Operating Expenses $66.65M
YoY Change 13.03%
Operating Profit
YoY Change
Interest Expense $1.410M
YoY Change 40.72%
% of Operating Profit
Other Income/Expense, Net -$236.9M
YoY Change -2892.5%
Pretax Income -$302.4M
YoY Change 499.09%
Income Tax $646.0K
% Of Pretax Income
Net Earnings -$171.9M
YoY Change 722.35%
Net Earnings / Revenue -15631.45%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.11
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $516.4M
YoY Change 287.36%
Cash & Equivalents $516.4M
Short-Term Investments
Other Short-Term Assets $19.66M
YoY Change -6.74%
Inventory
Prepaid Expenses $7.073M
Receivables
Other Receivables
Total Short-Term Assets $545.6M
YoY Change 234.59%
LONG-TERM ASSETS
Property, Plant & Equipment $260.1M
YoY Change 15.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.872M
YoY Change -73.87%
Total Long-Term Assets $276.0M
YoY Change 15.46%
TOTAL ASSETS
Total Short-Term Assets $545.6M
Total Long-Term Assets $276.0M
Total Assets $821.6M
YoY Change 104.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.962M
YoY Change 14.74%
Accrued Expenses $18.01M
YoY Change -5.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $44.64M
YoY Change 17825.7%
Total Short-Term Liabilities $94.08M
YoY Change 249.72%
LONG-TERM LIABILITIES
Long-Term Debt $156.3M
YoY Change 166.93%
Other Long-Term Liabilities $68.52M
YoY Change 132.49%
Total Long-Term Liabilities $156.3M
YoY Change 166.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.08M
Total Long-Term Liabilities $156.3M
Total Liabilities $318.8M
YoY Change 177.48%
SHAREHOLDERS EQUITY
Retained Earnings -$453.9M
YoY Change 187.75%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $308.9M
YoY Change
Total Liabilities & Shareholders Equity $821.6M
YoY Change 104.32%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$171.9M
YoY Change 722.35%
Depreciation, Depletion And Amortization $14.50M
YoY Change -23.68%
Cash From Operating Activities -$33.43M
YoY Change -7.28%
INVESTING ACTIVITIES
Capital Expenditures $30.32M
YoY Change -58.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$30.32M
YoY Change -58.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 294.7M
YoY Change 448.34%
NET CHANGE
Cash From Operating Activities -33.43M
Cash From Investing Activities -30.32M
Cash From Financing Activities 294.7M
Net Change In Cash 230.9M
YoY Change -513.84%
FREE CASH FLOW
Cash From Operating Activities -$33.43M
Capital Expenditures $30.32M
Free Cash Flow -$63.75M
YoY Change -41.8%

Facts In Submission

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AST SPACEMOBILE, INC.
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
357000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
54000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
22468000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1081000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1680000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-97703000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-124041000
us-gaap Payments To Acquire Property Plant And Equipment
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92095000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
96462000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-92095000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96462000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
145000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
63500000
us-gaap Repayments Of Debt
RepaymentsOfDebt
187000
us-gaap Repayments Of Debt
RepaymentsOfDebt
180000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9435000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9653000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
338911000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65003000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6903000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1527000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
153307000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3058000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
225000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3325000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
620426000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
117368000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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161000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-395000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
430789000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
88097000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
239256000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
518886000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135726000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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asts Purchases Of Property And Equipment In Accounts Payable And Accrued Expense
PurchasesOfPropertyAndEquipmentInAccountsPayableAndAccruedExpense
5086000
asts Purchases Of Property And Equipment In Accounts Payable And Accrued Expense
PurchasesOfPropertyAndEquipmentInAccountsPayableAndAccruedExpense
7120000
asts Pik Interest Paid Through Issuance Of Pik Notes
PikInterestPaidThroughIssuanceOfPikNotes
2959000
asts Pik Interest Paid Through Issuance Of Pik Notes
PikInterestPaidThroughIssuanceOfPikNotes
0
asts Settlement Of Warrant Liabilities By Issuing Shares
SettlementOfWarrantLiabilitiesByIssuingShares
257337000
asts Settlement Of Warrant Liabilities By Issuing Shares
SettlementOfWarrantLiabilitiesByIssuingShares
0
us-gaap Interest Paid Net
InterestPaidNet
6694000
us-gaap Interest Paid Net
InterestPaidNet
1071000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1135000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
510000
CY2024Q3 asts Set Of Patents
SetOfPatents
36
CY2024Q3 asts Number Of Patent Pending Claims
NumberOfPatentPendingClaims
3450
CY2024Q3 asts Number Of Patent Granted
NumberOfPatentGranted
1390
asts Nature Of Operations Description
NatureOfOperationsDescription
The Company operates from multiple locations that include its corporate headquarters and 185,000 square feet AIT facilities in Texas where the final AIT is performed, and engineering and development centers elsewhere in the United States, and in India, Scotland, Spain, and Israel.
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on historical experience when available and on other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances. Significant estimates and assumptions reflected in these financial statements include, but are not limited to, useful lives assigned to property and equipment, the fair values of warrant liabilities, potential impairment of long-lived assets, and equity-based compensation expense. The Company assesses estimates on an ongoing basis; however, actual results could materially differ from those estimates which could have a material impact on the Company’s financial position or results of operations.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s significant accounting policies are described in Note 2: Summary of Significant Accounting Policies of the 2023 Annual Report on Form 10-K, and there have been no significant changes in these significant accounting policies as compared to those described therein.</span>
CY2024Q3 us-gaap Revenues
Revenues
1100000
us-gaap Revenues
Revenues
2500000
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22500000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
518900000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88100000
CY2024Q3 us-gaap Short Term Investments
ShortTermInvestments
430300000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
69700000
CY2024Q3 us-gaap Restricted Cash
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2500000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
2500000
CY2024Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P1Y6M3D
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
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P2Y3M3D
CY2024Q3 asts Property Plant And Equipment Net Exculed Construction In Progress
PropertyPlantAndEquipmentNetExculedConstructionInProgress
373984000
CY2023Q4 asts Property Plant And Equipment Net Exculed Construction In Progress
PropertyPlantAndEquipmentNetExculedConstructionInProgress
299651000
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
61173000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
260068000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
238478000
us-gaap Depreciation
Depreciation
54900000
us-gaap Depreciation
Depreciation
34900000
CY2024Q3 us-gaap Depreciation
Depreciation
14500000
CY2023Q3 us-gaap Depreciation
Depreciation
19000000
CY2024Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
147959000
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
0
CY2024Q3 us-gaap Secured Long Term Debt
SecuredLongTermDebt
52023000
CY2023Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
52023000
CY2024Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
15000000
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
15000000
CY2024Q3 asts Debt Instrument Carrying Amount For Total
DebtInstrumentCarryingAmountForTotal
4571000
CY2023Q4 asts Debt Instrument Carrying Amount For Total
DebtInstrumentCarryingAmountForTotal
4758000
CY2024Q3 us-gaap Debt Instrument Face Amount
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219553000
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
71781000
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
44635000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
252000
CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
18666000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12277000
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
156252000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
59252000
asts Debt Issuance Costs Exit Fee
DebtIssuanceCostsExitFee
3500000
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
757100000
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
68700000
CY2024Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
5400000
us-gaap Interest Expense Debt
InterestExpenseDebt
14700000
CY2024Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000000
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1400000
us-gaap Interest Expense Debt
InterestExpenseDebt
1500000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000
us-gaap Debt Instrument Restrictive Covenants
DebtInstrumentRestrictiveCovenants
As of September 30, 2024, the Company was in compliance with all debt covenants requirements, subject to the mandatory prepayment of the Senior Secured Credit Facility Loan related to raising capital from the issuance of equity interests in excess of the defined threshold as described below.
CY2024Q4 asts Accrued Interest And Amortization Of Associated Debt Issuance Costs
AccruedInterestAndAmortizationOfAssociatedDebtIssuanceCosts
1300000
CY2024Q3 asts Gain Loss On Fair Value Adjustment Of Warrants
GainLossOnFairValueAdjustmentOfWarrants
236900000
asts Gain Loss On Fair Value Adjustment Of Warrants
GainLossOnFairValueAdjustmentOfWarrants
284800000
CY2023Q3 asts Gain Loss On Fair Value Adjustment Of Warrants
GainLossOnFairValueAdjustmentOfWarrants
7500000
asts Gain Loss On Fair Value Adjustment Of Warrants
GainLossOnFairValueAdjustmentOfWarrants
21500000
CY2024Q3 asts Warrant Liabilities
WarrantLiabilities
57500000
CY2023Q4 asts Warrant Liabilities
WarrantLiabilities
30000000
us-gaap Long Term Purchase Commitment Amount
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130700000
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6810000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2589000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20617000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10595000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7770421
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.11
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M3D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
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769263
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
199395
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.36
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6801763
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y14D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5863333
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.03
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y11M19D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6045907
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.21
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1809555
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.8
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
729372
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
7.13
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
141753
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
1.61
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
938430
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
Two types of equity awards have been granted under the 2020 Plan: (1) service-based options and (2) service-based and performance-based restricted stock units. Service-based options typically vest over a four year service period with 25% of the award vesting on the first anniversary of the employee’s commencement date, and the balance thereafter in 36 equal monthly installments. Service-based restricted stock units typically vest over a four year service period with 25% of the award vesting on each anniversary of the employee’s vesting commencement date. Performance-based restricted stock units typically vest on the earliest date that any of the following occurs: (i) the Company attains an incremental capital investment, or (ii) other specified performance conditions. Options typically expire no later than 10 years from the date of grant.
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0021
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0025
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0053
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0028
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
asts Percentage Of Savings Required To Be Paid To Seller
PercentageOfSavingsRequiredToBePaidToSeller
0.85
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-303080000
us-gaap Profit Loss
ProfitLoss
-474234000
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-131134000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-210008000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-171946000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-171946000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-264226000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-264226000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-50748000
us-gaap Profit Loss
ProfitLoss
-145553000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-29839000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-89918000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20909000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20909000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-55635000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-55635000
CY2020Q1 asts Maintenance Fee Payable
MaintenanceFeePayable
500000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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