AST SpaceMobile reported its fourth-quarter 2024 financial results, revealing a revenue of $1.92 million, below the estimated $2.38 million, and an EPS of -$0.18, matching analyst expectations. The company also reported a net loss of $35.9 million for the quarter. The company highlighted significant progress in its satellite deployment and commercialization efforts. It secured a $43 million contract with the U.S. Space Development Agency and formalized a commercial agreement with Vodafone through 2034 to provide services in over 20 countries across Europe and Africa. Testing with AT&T and Verizon in the U.S. is also underway. AST SpaceMobile is accelerating its satellite manufacturing, with plans for 40 additional satellites and agreements for up to 60 satellite launches during 2025 and 2026. It also reported applications for over $500 million in non-dilutive capital from U.S. and international agencies. The company received FCC Special Temporary Authority to facilitate initial services in the U.S. The company's stock surged over 13% following the earnings report, supported by partnerships, satellite deployment milestones, and financial positioning, including nearly $1 billion in cash reserves. Cantor Fitzgerald reiterated an overweight rating with a $30 price target.