Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). The CA-NA segment offers inflight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The CA-ROW segment provides inflight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and flights outside of North America for North American based commercial airlines. The BA segment offers equipment for inflight connectivity, including voice and data services to the business aviation market. Its services include Gogo Biz, an inflight broadband service that utilizes air-to-ground (ATG) network and ATG spectrum; Passenger Entertainment, an inflight entertainment service; and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves aircraft manufacturers, owners, and operators, as well as government and military entities. Gogo Inc. was founded in 1991 and is headquartered in Chicago, Illinois.
IPO Year: 2013
Exchange: NASDAQ
Website: gogoair.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/29/2024 | $15.00 → $11.00 | Neutral | JP Morgan |
11/1/2022 | $14.00 → $15.00 | Underweight → Equal-Weight | Morgan Stanley |
10/7/2021 | $11.00 → $16.00 | Underweight → Neutral | JP Morgan |
10/6/2021 | $14.00 | Equal-Weight → Underweight | Morgan Stanley |
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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. Q2 2024 Highlights Total revenue of $102.1 million decreased slightly compared to Q2 2023 and decreased 2% compared to Q1 2024.Record service revenue of $81.9 million increased 4% c
BROOMFIELD, Colo., July 19, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the second quarter of 2024 before the market opens on August 7, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web CastA live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/. Participants can also join the call by dialing +1 844-543-0451 (within the United States a
Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year Q1 Net Income of $30.5 million; Adjusted EBITDA(1) of $43.3 million Updates 2024 Adjusted EBITDA Guidance and Reiterates Long-Term Targets BROOMFIELD, Colo., May 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 March 31, 2024. Q1 2024 Highlights Total revenue of $104.3 million increased 6% compared to Q1 2023 and 7% compared to Q4 2023.Record service revenue of $81.7 million incre
BROOMFIELD, Colo., April 18, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the first quarter of 2024 before the market opens on May 7, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web CastA live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/. Participants can also join the call by dialing +1 844-543-0451 (within the United States and
Provides 2024 Financial Guidance and Updates Long-Term Targets Total Revenue of $97.8 million, down 10% Year-over-Year; Record Fourth Quarter Service Revenue of $80.9 million, up 5% Year-over-Year Q4 Net Income of $14.5 million; Adjusted EBITDA(1) of $35.1 million BROOMFIELD, Colo., Feb. 28, 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 December 31, 2023. Q4 2023 Highlights Total revenue of $97.8 million decreased 10% compared to Q4 2022.Record service revenue of $80.9 million increased 5% compared to Q4 2022
BROOMFIELD, Colo., Feb. 15, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the fourth quarter of 2023 before the market opens on February 28, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web CastA live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/. Participants can also join the call by dialing +1 844-543-0451 (within the United State
Updates 2023 Financial Guidance and Long-Term Targets Second Quarter Revenue of $103.2 million, up 6% Year-over-Year; Net Income of $89.8 million; and Adjusted EBITDA(1) of $44.1 million, up 7% Year-Over-Year BROOMFIELD, Colo., Aug. 7, 2023 /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, 2023. Q2 2023 Highlights Total revenue of $103.2 million increased 6% compared to Q2 2022.Record service revenue of $79.1 million increased 8% compared to Q2 2022 and 1% compared to Q1 2023.Equipment revenue of $24.2 million
BROOMFIELD, Colo., July 20, 2023 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the second quarter of 2023 before the market opens on August 7, 2023. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web CastA live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com. Participants can also join the call by dialing +1 844-543-0451 (within the United States an
First Quarter Revenue of $98.6 million, up 6% Year-over-Year; Net Income of $20.4 million; and Adjusted EBITDA(1) of $39.7 million BROOMFIELD, Colo., May 3, 2023 /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 March 31, 2023. Q1 2023 Highlights Total revenue of $98.6 million increased 6% compared to Q1 2022, fueled by strong growth in service revenue.Record service revenue of $78.5 million increased 11% compared to Q1 2022 and 1% compared to Q4 2022.Equipment revenue of $20.1 million decreased 9% compared to Q1 2022
BROOMFIELD, Colo., April 20, 2023 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the first quarter of 2023 before the market opens on May 3, 2023. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web Cast A live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at http://ir.gogoair.com. Participants can also join the call by dialing +1 844-543-0451 (within the United States and Ca
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. "Monte brings unique, deep expertise on the business aviation ecosystem and is a valuable addition to Gogo's Board," said Oakleigh Thorne, Gogo Chairman and CEO. "For nearly 20 years, Monte served on the Board of the National Business Aviation Association, not to mention logging over 5,000 hours as a pilot, reflecting his lifelong passion for private aviation." "That experience, coupled with his 25-year career in finance and role
BROOMFIELD, Colo. , Nov. 2, 2022 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced the appointment of Crystal Gordon as Executive Vice President, General Counsel and Secretary, effective Nov. 3. She joins Gogo today and will succeed current Executive Vice President and General Counsel Margee Elias who is retiring. Elias will serve as Special Advisor to the CEO for six months and will work closely with Gordon during that time as they transition job responsibilities. "We cond
CHICAGO, May 18, 2021 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO) ("Gogo") announced today the appointment of individuals to fill two senior leadership positions. Gustavo Nader will join Gogo as the new Chief Strategy Officer and Melissa Hale will serve as Senior Vice President of Product and Marketing. "The addition of Melissa and Gustavo to our Gogo senior leadership team is good news for our company. They each have deep aviation acumen in their respective fields that will prove invaluable as we continue on our growth trajectory," said Oakleigh Thorne, Gogo's Chairman and CEO. "We are excited to welcome them onboard." As Chief Strategy Officer, Nader, a telecommunications executive with 30 ye
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JP Morgan resumed coverage of Gogo with a rating of Neutral and set a new price target of $11.00 from $15.00 previously
Morgan Stanley upgraded Gogo from Underweight to Equal-Weight and set a new price target of $15.00 from $14.00 previously
JP Morgan upgraded Gogo from Underweight to Neutral and set a new price target of $16.00 from $11.00 previously
Morgan Stanley downgraded Gogo from Equal-Weight to Underweight and set a new price target of $14.00
Cowen & Co. upgraded Gogo from Market Perform to Outperform and set a new price target of $14.00 from $12.00 previously
William Blair upgraded Gogo from Mkt Perform to Outperform
Morgan Stanley resumed coverage of Gogo with a rating of Equal Weight and set a new price target of $13.00
Morgan Stanley resumed coverage of Gogo with a rating of Equal-Weight and set a new price target of $13.00
Morgan Stanley initiated coverage of Gogo with a rating of Equal Weight
JP Morgan downgraded Gogo from Neutral to Underweight and set a new price target of $10.00
Gogo Business Aviation (NASDAQ:GOGO) today announced it is partnering with ALAMO Engineering GmbH to develop a European Supplemental Type Certificate (STC) for the Gogo Galileo HDX antenna for Cessna Citation Latitude midsize jets.
Gainers Bandwidth (NASDAQ:BAND) stock rose 8.9% to $22.33 during Tuesday's pre-market session. The company's market cap stands at $602.4 million. The company's, Q1 earnings came out today. Intelligent Group (NASDAQ:INTJ) shares moved upwards by 8.56% to $1.07. The market value of their outstanding shares is at $13.9 million. Vimeo (NASDAQ:VMEO) stock rose 7.89% to $4.1. The company's market cap stands at $692.1 million. As per the news, the Q1 earnings report came out yesterday. Gogo (NASDAQ:GOGO) stock increased by 7.86% to $10.15. The market value of their outstanding shares is at $1.2 billion. The company's, Q1 earnings came out today. Onfolio Holdings (NASDAQ:ONFO) stock increased b
Gogo (NASDAQ:GOGO) reported quarterly Adj earnings of $0.16 per share which beat the analyst consensus estimate of $0.06 by 166.67 percent.
The company sees FY24 Adjusted EBITDA at the high end of the previously guided range of $110 million to $125 million reflecting operating expenses of approximately $33 million for strategic and operational initiatives including Gogo 5G and Gogo Galileo and $5 million in legal expenses tied to the SmartSky litigation. The Company reiterates the following long-term financial targets: Revenue growth at a compound annual growth rate of approximately 15%-17% from 2023 through 2028. The Company continues to expect that Gogo Galileo will contribute revenue beginning in 2025. Annual Adjusted EBITDA Margin reaching 40% in 2028. Free Cash Flow in the range of $150 million to $200 million in
Gogo (NASDAQ:GOGO) reported quarterly sales of $104.322 million which beat the analyst consensus estimate of $96.556 million by 8.04 percent. This is a 5.81 percent increase over sales of $98.597 million the same period last year.
Morgan Stanley analyst Simon Flannery maintains Gogo (NASDAQ:GOGO) with a Equal-Weight and lowers the price target from $15 to $12.
Gogo expects to begin flight testing the HDX terminal this summer after it is installed on Gogo's Challenger 300 testbed. The HDX terminal remains on track to receive certification and commercially launch later this year.
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. As will be true for any of the approximately 4,000 aircraft with AVANCE platform equipment installed, installation on the Challenger c
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 5G will provide North American operators with enhanced air-to-ground (
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. Q2 2024 Highlights Total revenue of $102.1 million decreased slightly compared to Q2 2023 and decreased 2% compared to Q1 2024.Record service revenue of $81.9 million increased 4% c
Installation for Bombardier Learjet Series Aircraft STCLed 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 5G will deliver an enhanced inflight connectivity (IFC) experience in North America to this popular series of midsize aircraft, providing more speed, capacity, live experiences, and the ability
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. "Monte brings unique, deep expertise on the business aviation ecosystem and is a valuable addition to Gogo's Board," said Oakleigh Thorne, Gogo Chairman and CEO. "For nearly 20 years, Monte served on the Board of the National Business Aviation Association, not to mention logging over 5,000 hours as a pilot, reflecting his lifelong passion for private aviation." "That experience, coupled with his 25-year career in finance and role
BROOMFIELD, Colo., July 19, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the second quarter of 2024 before the market opens on August 7, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & Web CastA live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/. Participants can also join the call by dialing +1 844-543-0451 (within the United States a
OTA Successfully Used 1,000 Times; Slashing Software Upgrade Time by 83 Percent BROOMFIELD, Colo., June 27, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ:GOGO) today announced that more than 1,000 successful AVANCE system software updates have been completed globally using Gogo's over-the-air (OTA) feature. Consistent with the company's mission of driving efficiencies for operators, OTA replaces the USB kit method – requiring fleet operators to go plane to plane for each update – with a remote, hands-free process that can be deployed for all aircraft simultaneously. In addition to benefits like OTA, the AVANCE platform has been intentionally designed to provide easy upgrade paths to n
Bombardier Challenger 300 series aircraft receive priority bookings MISSISSAUGA, ON, June 6, 2024 /PRNewswire/ - Skyservice Business Aviation ("Skyservice"), a North American leader in business aviation, will designate capacity at its Calgary, Toronto and Montreal locations for Gogo Business Aviation (NASDAQ: GOGO) AVANCE installations, enhancing the inflight experience and connectivity for flight crew and passengers. Skyservice, a Gogo-authorized dealer in Canada, has established a program to create a center of excellence in which customers operating a legacy air-to-ground (A
ALAMO Engineering to Develop EASA STC for Cessna Citation Latitude Midsize Jets GENEVA, May 28, 2024 /PRNewswire/ -- (EBACE, Booth I98) – Gogo Business Aviation (NASDAQ:GOGO) today announced it is partnering with ALAMO Engineering GmbH to develop a European Supplemental Type Certificate (STC) for the Gogo Galileo HDX antenna for Cessna Citation Latitude midsize jets. "The Gogo Galileo solution for midsize and smaller aircraft is unique. It will finally provide a true broadband service to those aircraft that fly in Europe, and globally," said Joerg Gorkenant, general manager for ALAMO Engineering GmbH. "We are pleased to partner with Gogo to develop this STC that will bring unmatched, high p
Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year Q1 Net Income of $30.5 million; Adjusted EBITDA(1) of $43.3 million Updates 2024 Adjusted EBITDA Guidance and Reiterates Long-Term Targets BROOMFIELD, Colo., May 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 March 31, 2024. Q1 2024 Highlights Total revenue of $104.3 million increased 6% compared to Q1 2023 and 7% compared to Q4 2023.Record service revenue of $81.7 million incre