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 $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. Q3 2024 Highlights Total revenue of $100.5 million increased 3% compared to Q3 2023 and decreased 1% compared to Q2 2024.Service revenue of
BROOMFIELD, Colo., Oct. 17, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), a leading global provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the third quarter of 2024 before the market opens on Nov. 5, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & WebcastA live webcast 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/. 3Q Earnings Call Webcast Link:https://edge.media-server.com/mmc/p/r7xg4923 Participants can use th
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.
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
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
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. Q3 2024 Highlights Total revenue of $100.5 million increased 3% compared to Q3 2023 and decreased 1% compared to Q2 2024.Service revenue of
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. "Passing DO-160 keeps us on track to receive the first-article Supplemental Type Certificate (STC) and commercially launch Gogo Galileo later this year," said Jeremy Tyler, vice president of airborne product engineering for Gogo. DO-160 testing ensures th
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. "Gogo is a long-term proven partner of ours, and their next generation Galileo HDX system is a key element of our fleet modernization plan. We look forward to delivering to our customers best-in-class connectivity as we become one of the first and only domestic fleets in priv
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. Gogo Galileo is built on Gogo's best-selling
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, Presid
BROOMFIELD, Colo., Oct. 17, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ:GOGO), a leading global provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the third quarter of 2024 before the market opens on Nov. 5, 2024. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET). Conference Call & WebcastA live webcast 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/. 3Q Earnings Call Webcast Link:https://edge.media-server.com/mmc/p/r7xg4923 Participants can use th
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. The state-of-the-art mobile demo room was designed to give customers and business aviation professionals from across the industry the ability to experience Gogo Galileo, the company's Low-Earth-Orbit (LEO) satellite broadband solution built for any size business aircraft. At each of the tour stops, participants can experience Gogo's high-speed, low-latency inflight connectivity solution via both the HDX and F
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. "The response from the industry for Gogo Galileo HDX is at a fever pitch – there's been a tidal wave of demand as we rapidly approach commercial launch," said Sergio Aguirre, president and chief operating officer for Gogo. "It's clear the market is hungry for true aviation-grade LEO satellite broadband connectivity for ai
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'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. The STCs cover virtually every size business aircraft and unlock a total addressable market of more than 18,000 aircraft globally, many of which have not had access to broadband inflight connectivity prior to Gogo
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.
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