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Gogo Completes Acquisition of Satcom Direct and Announces Leadership Transition
Prnewswire· 2024-12-04 12:00
Expanded Platform Accelerates Gogo's LEO Strategy; Achieves $18m Run-rate Savings on Day 1Chris Moore Appointed Chief Executive Officer, Succeeding Oakleigh Thorne who Transitions to Executive ChairBROOMFIELD, Colo., Dec. 4, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company") today announced the completion of its acquisition of Satcom Direct ("SD"), creating the only multi-orbit, multi-band, in-flight connectivity provider serving the needs of every segment of the global business aviatio ...
Gogo: Quite Undervalued Despite Gogo 5G Introduction
Seeking Alpha· 2024-11-08 12:01
Gogo Inc. (NASDAQ: GOGO ) is launching a number of new products including Gogo 5G, and recently acquired a number of businesses, which may accelerate 2025 EPS growth. Given previous decline in debt levels, in my view, we could see new inorganic growthLike the common kingfisher or Alcedo Atthis searches for small fish, I research small, and medium cap companies in Europe, the United States, and South America. You can find a common kingfisher in my profile.With close to 14 years in the financial industry, I w ...
Gogo(GOGO) - 2024 Q3 - Quarterly Report
2024-11-05 21:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to __________ Commission File Number: 001-35975 Gogo Inc. (Exact name of registrant as specified in its charter) Delaware 27-1650905 (State ...
Gogo(GOGO) - 2024 Q3 - Quarterly Results
2024-11-05 21:13
Exhibit 99.1 Press Release For Immediate Release Investor Relations Contact: Media Relations Contact: Will Davis Dave Mellin +1 917-519-6994 +1 303-301-3606 wdavis@gogoair.com dmellin@gogoair.com Gogo Announces Third Quarter Results 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 Wheel ...
Gogo(GOGO) - 2024 Q3 - Earnings Call Transcript
2024-11-05 19:27
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 Confere ...
Gogo (GOGO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-05 15:36
For the quarter ended September 2024, Gogo (GOGO) reported revenue of $100.53 million, up 2.6% over the same period last year. EPS came in at $0.12, compared to $0.16 in the year-ago quarter.The reported revenue represents a surprise of +3.69% over the Zacks Consensus Estimate of $96.95 million. With the consensus EPS estimate being $0.05, the EPS surprise was +140.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...
Gogo (GOGO) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-05 14:16
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 140%. A quarter ago, it was expected that this in-flight internet provider would post earnings of $0.07 per share when it actually produced earnings of $0.10, delivering a surprise of 42.86%.Over the last four quarters, the c ...
Gogo Announces Third Quarter Results
Prnewswire· 2024-11-05 12:01
Total Revenue of $100.5 million, up 3% Year-over-Year; Third Quarter Service Revenue of $81.9 million, up 3% Year-over-YearQ3 Net Income of $10.6 million; Adjusted EBITDA(1) of $34.8 millionUpdates 2024 GuidanceRecent 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 result ...
Gogo Galileo HDX Antenna Passes FAA-Mandated DO-160 Qualification Testing
Prnewswire· 2024-11-04 12:01
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 presid ...
Wheels Up Selects Gogo Galileo HDX Fleetwide
Prnewswire· 2024-10-22 21:00
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 ...