AST SpaceMobile, Inc. (NASDAQ: ASTS) saw its stock price plummet 5.08% in after-hours trading on Monday following the release of its first quarter 2025 financial results. The satellite-to-smartphone broadband company's earnings report fell short of analyst expectations, triggering a sell-off among investors.

The company reported quarterly revenue of $718,000, which represents a 43.60% increase from the same period last year. However, this figure significantly missed the analyst consensus estimate of $4.20 million by 82.90%. The substantial revenue shortfall likely contributed to the negative market reaction.

Adding to investor concerns, AST SpaceMobile posted a wider loss for the quarter. The company reported a loss of $0.20 per share, compared to a loss of $0.16 per share in the same quarter of the previous year. This result also missed the analyst consensus estimate of an $0.18 per share loss. The increased loss, coupled with high operating expenses of $63.681 million for the quarter, suggests that the company is facing challenges in controlling costs while trying to scale its operations.

Despite the disappointing financial results, AST SpaceMobile's CEO remained optimistic, stating that the company "continues to execute on our bold strategy, progressing at an accelerated..." pace. However, the market's reaction indicates that investors may require more concrete evidence of the company's progress and path to profitability before regaining confidence in the stock.