AST SpaceMobile dropped 13.3% today after missing Q1 earnings expectations. Analysts were expecting a loss of $0.21 per share on $37.5 million in sales, but they ended up losing $0.66 per share on just $14.7 million in revenue. Their cash burn is high right now. Negative free cash flow hit around $427 million for the quarter, which includes capital advances for spectrum leases. They do have $3.5 billion in cash reserves to cover it. On the operations side, they plan to launch 3 more satellites by June to replace the one lost in the Blue Origin launch last month. They want to get to 45 satellites by the end of the year, but management hasn't given a firm timeline for when consumer beta service will actually start.