AST SpaceMobile reported a wider loss but growing revenue in the third quarter, as the company said it is on track to hit its 2026 targets.

The space-based broadband cellular network provider on Monday reported a loss of $132.4 million, or 44 cents a share, compared with a loss of $122.9 million, or 45 cents a share, a year earlier.

Revenue grew to $42.3 million, up from $14.7 million a year prior.

Analysts polled by FactSet were expecting a loss of 40 cents a share on $45.7 million in revenue.

Shares fell 1.3% to $36.43 after-hours.

The company is targeting service readiness with initial, intermittent nationwide coverage in certain markets by the end of this year. It said it remains on track to hit its revenue guidance of between $150 million and $200 million.