Gogo

Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. It offers a broad suite of integrated equipment, network, and Internet connectivity products and services as well as global support capabilities. It also includes a customizable suite of smart cabin systems for highly integrated connectivity, in-flight entertainment, and voice solutions. The company was founded by Jimmy Ray in 1991 and is headquartered in Broomfield, CO.

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Gogo achieves record revenue and EBITDA, poised for future growth

Gogo's Q4 2022 performance reflects record revenue and adjusted EBITDA, driven by strong demand and strategic initiatives in 5G and GBB.
The company's financial stability, competitive positioning, and leadership transition signal strength and continuity for future growth.
While facing challenges like declining margins and ongoing litigation, Gogo is poised to capitalize on opportunities in market penetration and strategic investments.

Gogo reports solid Q1 earnings, eyes growth with 5G launch

Gogo's Q1 performance reflects revenue growth and solid financial management amidst strategic investments in 5G and GBP.
The company's balance sheet strength, upcoming product launches, and market optimism position it for future growth.
Challenges in managing expenses for new initiatives and market penetration strategies highlight areas for continued focus and optimization.

Gogo faces challenges from 5G delays but maintains growth focus

Gogo's Q2 2023 earnings call highlighted a mix of strong performance, strategic strengths, operational challenges, and growth opportunities in the face of market dynamics and technological advancements.
Despite setbacks from suspension issues, 5G chip delays, and increased spending, Gogo remains resilient with a focus on financial stability, technological innovation, and customer-centric initiatives.
The company's ability to navigate challenges, capitalize on opportunities, and maintain a competitive edge underscores its commitment to long-term growth and value creation for stakeholders.

Gogo resilient in Q3 amidst challenges, eyes growth opportunities

Gogo navigated industry challenges with resilience, focusing on service revenue growth and cost efficiency.
Confidence in market leadership, strong financial performance, and strategic initiatives drive long-term growth ambitions.
Operational challenges like 5G delay and legal uncertainties are balanced by growth opportunities and competitive strengths.
Strategic focus on innovation, market research, and financial discipline positions Gogo for sustainable growth and market leadership.

Gogo reports record revenue, outlines growth targets amidst industry challenges

Gogo's Q4 2023 Earnings Call highlighted strong financial performance, strategic initiatives for growth, and long-term targets for revenue and free cash flow. While facing challenges with industry headwinds and competition, the company remains focused on market expansion and enhancing connectivity offerings. Opportunities lie in market dominance, cost-effective upgrades, and prioritizing shareholder value.

Gogo reports record Q1 results, eyes growth with next-gen products

Gogo's Q1 performance reflects growth in revenue and operational efficiency, driven by strategic initiatives and strong demand in business aviation. While facing challenges like potential 5G launch delays and competition concerns, the company remains focused on seizing opportunities in next-gen products and expanding market share.

Gogo reports Q2 revenue decline, focuses on growth initiatives

Gogo's Q2 2024 earnings call highlighted a mix of performance, strengths, challenges, and opportunities. Despite revenue decline and lower EBITDA, the company is focused on strategic initiatives for growth. Revised guidance reflects delays in the Gogo 5G launch but increased free cash flow expectations.

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Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company was founded by Jimmy Ray in 1991 and is headquartered in Broomfield, CO.

Gogo Inc. is launching Gogo 5G in Q4 2024, which is expected to drive significant revenue and EPS growth in 2025 and 2026. Recent acquisitions and reduced debt levels may enhance future free cash flow and enable further inorganic growth opportunities. Strong partnerships with OEMs and distributors could facilitate expansion into new markets, boosting overall business growth.

Gogo: Quite Undervalued Despite Gogo 5G Introduction

Gogo Inc. (NASDAQ:GOGO ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Will Davis - Vice President of Investor Relations Oakleigh Thorne - Chairman & Chief Executive Officer Jessica Betjemann - Executive Vice President & Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Ric Prentiss - Raymond James Scott Searle - ROTH Capital Partners Operator Good day and thank you for standing by. Welcome to the Third Quarter 2024 Gogo Inc. Earnings Conference Call.

Gogo Inc. (GOGO) Q3 2024 Earnings Call Transcript

The headline numbers for Gogo (GOGO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Gogo (GOGO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Gogo (GOGO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.16 per share a year ago.

Gogo (GOGO) Q3 Earnings and Revenues Beat Estimates

Total Revenue of $100.5 million, up 3% Year-over-Year; Third Quarter Service Revenue of $81.9 million, up 3% Year-over-Year Q3 Net Income of $10.6 million; Adjusted EBITDA (1) of $34.8 million Updates 2024 Guidance Recent Strategic Galileo HDX wins with Textron Aviation and Wheels Up BROOMFIELD, Colo. , Nov. 5, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), a leading global provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended September 30, 2024.

Gogo Announces Third Quarter Results

EchoStar

BROOMFIELD, Colo. , Nov. 4, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) announced today that its Gogo Galileo HDX electronically steerable antenna (ESA), designed to provide access to Low Earth Orbit (LEO) satellite networks for all sizes of business aircraft, has passed FAA-mandated DO-160 qualification testing.

Gogo Galileo HDX Antenna Passes FAA-Mandated DO-160 Qualification Testing

LAS VEGAS , Oct. 22, 2024 /PRNewswire/ -- (NBAA-BACE, booth 1601) – Wheels Up has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) to add Gogo Galileo HDX, the company's Low Earth Orbit (LEO) global broadband satellite solution, fleetwide. "Exceptional onboard Wi-Fi is a central in-flight experience feature our members and customers value when selecting an aircraft," said George Mattson, CEO for Wheels Up.

Wheels Up Selects Gogo Galileo HDX Fleetwide

Textron

Textron Aviation is the First Business Aviation OEM to Announce Production Use of Gogo Galileo HDX LAS VEGAS , Oct. 22, 2024 /PRNewswire/ --  (NBAA-BACE, booth 1601) – Gogo Business Aviation (NASDAQ: GOGO) today announced that Textron Aviation will install Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jet. Textron Aviation, a Textron Inc. (NYSE:TXT) company, is the first business aviation OEM to offer Gogo Galileo HDX from the factory, securing a truly global connectivity solution with market-leading performance for its operators.

Textron Aviation Selects Gogo Galileo HDX for Factory Installation on Cessna Citation Longitude, Latitude and Ascend

MISSISSAUGA, ON , Oct. 17, 2024 /PRNewswire/ - Skyservice Business Aviation ("Skyservice" or "the Company") is pleased to announce it will develop a Supplemental Type Certificate (STC) to implement Gogo Galileo HDX on Gulfstream G280 aircraft, ensuring operators have access to the latest high-speed in-flight internet solutions and positioning the Company as a leader in advancing connectivity for business aviation. "At Skyservice, we are committed to staying ahead of the curve when it comes to supporting the latest advancements in business aviation," said Benjamin Murray, President and Chief Executive Officer of Skyservice.

Skyservice™ Announces Development of Gogo Galileo HDX STC for Gulfstream G280

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State-of-the-Art Mobile Demo Room Coming to a City Near You BROOMFIELD, Colo. , Oct. 15, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) is launching a nationwide tour bringing its interactive Gogo Galileo experience to business aviation professionals across the United States.

Gogo Galileo Tour Launches Nationwide

Production More Than Doubled to Meet Sales Projections BROOMFIELD, Colo. , Oct. 14, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) is seeing unprecedented demand for Gogo Galileo HDX, the new global broadband Low-Earth-Orbit (LEO) satellite service.

Gogo Receiving Unprecedented Demand for Gogo Galileo HDX

GOGO is set to bolster aviation connectivity with the Satcom Direct acquisition.

Will GOGO Stock Benefit From Satcom Direct Buyout Deal?

Establishes the only multi-orbit, multi-band, global in-flight connectivity provider serving the fast-growing business aviation and military/government mobility markets Immediately accretive transaction delivers scale benefits and significant cost synergies for enhanced value creation BROOMFIELD, Colo. , Sept. 30, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company") and Satcom Direct today announced entry into a definitive agreement under which Gogo will acquire Satcom Direct to create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation (BA) and military/government mobility markets.

Gogo to Acquire Satcom Direct

Gogo's Global Dealer Network to Develop STCs Covering Virtually Every Business Aircraft Make and Model BROOMFIELD, Colo. , Sept. 26, 2024 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) dealers see strong demand for Gogo Galileo HDX and have contracted to complete 25 Supplemental Type Certificates (STCs) covering an extensive list of aircraft makes and models.

Gogo Secures 25 STC Contracts for Gogo Galileo HDX

Agreement Includes Options to Install Gogo AVANCE, Gogo 5G and Gogo Galileo BROOMFIELD, Colo. , Sept. 16, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) and Airshare – one of the fastest-growing private aviation operators – have entered a multi-year inflight connectivity agreement that provides Airshare aircraft management clients an option to install Gogo AVANCE, Gogo 5G, and Gogo Galileo, the company's Low-Earth-Orbit (LEO) broadband satellite service.

Gogo Business Aviation and Airshare Announce Multi-Year Agreement to Provide Upgraded Connectivity

Gogo Galileo Marches Toward Commercial Launch  with Installation and Flight Testing BROOMFIELD, Colo. , Sept. 11, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO), in conjunction with Duncan Aviation, has completed the first installation of Gogo Galileo HDX on a Bombardier Challenger 300 and has commenced flight testing as the company marches toward commercial launch of its Low-Earth-Orbit (LEO) global broadband solution later this year.

Gogo Galileo HDX Takes Flight; First Installation Complete on Challenger 300

GOGO and Skyservice join forces to bring advanced 5G connectivity to North American business aviation market.

Gogo to Boost 5G IFEC Service in North America: Will the Stock Benefit?

Gulfstream G280 and Embraer Legacy 450/500 TCCA STC Issued; Securing FAA Validations for Three Additional Aircraft Models BROOMFIELD, Colo. , Aug. 26, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced a partnership with Skyservice Business Aviation ("Skyservice"), a North American leader in business aviation, to develop Supplemental Type Certificates (STC) from Transport Canada Civil Aviation (TCCA) and the Federal Aviation Administration (FAA) for Gogo 5G on six aircraft models.

Gogo and Skyservice Business Aviation Developing Extensive 5G STC Portfolio

Gogo, Inc. revisited in light of Q2 earnings and SmartSky's closing. Gogo's service business continues to grow, demographic trends favor private jet ownership. Maintaining strong buy rating with price target of $13.10, downside risk from Starlink mitigated by competitor's closure.

Gogo Q2 2024: Well Positioned To Soar On Tailwinds

While the top- and bottom-line numbers for Gogo (GOGO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Gogo (GOGO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Gogo (GOGO) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.20 per share a year ago.

Gogo (GOGO) Q2 Earnings and Revenues Surpass Estimates

Total Revenue of $102.1 million, down 1% Year-over-Year; Record Second Quarter Service Revenue of $81.9 million, up 4% Year-over-Year Q2 Net Income of $0.8 million; Adjusted EBITDA (1) of $30.4 million Updates 2024 Guidance and Long-Term Targets BROOMFIELD, Colo., Aug. 7, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended June 30, 2024.

Gogo Announces Second Quarter Results

Installation for Bombardier Learjet Series Aircraft STC Led by Duncan Aviation-Houston Satellite BROOMFIELD, Colo. , Aug. 1, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced a collaboration with Duncan Aviation to pursue a Supplemental Type Certificate (STC) from the Federal Aviation Administration (FAA) for Gogo 5G on Bombardier Learjet 40/45/70/75 aircraft.

Gogo and Duncan Aviation Collaborate to Expand 5G STC Portfolio

BROOMFIELD, Colo. , July 24, 2024 /PRNewswire/ -- The Board of Directors of Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company") today announced the appointment of Monte Koch as a member of the Board, effective July 17, 2024, expanding the Board from 9 to 10 directors.

News for Gogo Stock (GOGO)