AST SpaceMobile logged higher revenue boosted by gateway deliveries and milestone payments from government contracts.

The space-based broadband cellular network provider recorded a fourth-quarter loss of $74.0 million, or 26 cents a share, compared with a loss of $35.9 million, or 18 cents a share, a year earlier.

The results underperformed Wall Street's forecast for a net loss of 17 cents a share in the fourth quarter, according to FactSet.

Revenue was $54.3 million, up from $1.9 million a year earlier. Analysts polled by FactSet were expecting revenue of $41.8 million.

AST SpaceMobile shares gained 3.6% in extended trading.

The Midland, Texas-based company said it anticipates revenue growth in 2026, ahead of commercial service activation, supported by a backlog of mobile network operator partner revenue and government contract milestones.

AST SpaceMobile is pushing ahead with its orbital launch campaign with encapsulation of BlueBird 7 at Cape Canaveral in February and an expected launch this monthh. Additional launches are expected every one to two months on average with plans to reach 45 to 60 satellites in orbit by the end of 2026, the company said.

"In 2026, we expect to scale our space-based direct-to-device network from initial commercial activation toward the start of broader commercial service," Chief Executive Officer Abel Avellan said.