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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this in-flight internet provider would post earnings of $0.06 per share when it actually produced earnings of $0.16, delivering a surprise of 166.67%.Over the last four quarters, th ...

Total Revenue of $102.1 million, down 1% Year-over-Year; Record Second Quarter Service Revenue of $81.9 million, up 4% Year-over-YearQ2 Net Income of $0.8 million; Adjusted EBITDA(1) of $30.4 millionUpdates 2024 Guidance and Long-Term TargetsBROOMFIELD, 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, 202 ...

Core Insights - Gogo Business Aviation is collaborating with Duncan Aviation to obtain a Supplemental Type Certificate (STC) from the FAA for Gogo 5G on Bombardier Learjet 40/45/70/75 aircraft, enhancing inflight connectivity for these midsize aircraft [1][2][3] Group 1: Company Collaboration and Offerings - The STC will provide an upgrade path for over 700 Learjet operators to faster and higher-performing inflight connectivity with the installation of AVANCE L5 and Gogo 5G provisions [2] - Gogo's AVANCE L5 system and two MB13 phased-array antennas will be part of the installation process, allowing for easy upgrades in the future [3] - Gogo is offering significant savings of up to $50,000 for operators interested in upgrading to AVANCE and provisioning for Gogo 5G [3] Group 2: Market Position and Reach - Gogo is the largest provider of broadband connectivity services for the business aviation market, with 7,136 business aircraft utilizing its broadband ATG systems as of March 31, 2024 [4] - The company has a diverse range of clients, including fractional ownership operators, charter operators, and corporate flight departments [4] - Duncan Aviation is recognized as the largest family-owned maintenance, repair, and overhaul service provider globally, with extensive experience in Gogo installations [2][5]

Core Viewpoint - Gogo Inc. has appointed Monte Koch to its Board of Directors, expanding the board from 9 to 10 members, which is expected to enhance the company's strategic direction in the business aviation market [1][2]. Company Overview - Gogo is the largest provider of broadband connectivity services for the business aviation market, offering a suite of smart cabin systems for connectivity, in-flight entertainment, and voice solutions [6]. - As of March 31, 2024, Gogo reported 7,136 business aircraft equipped with its broadband ATG systems, with 4,110 using Gogo AVANCE L5 or L3 systems, and 4,285 aircraft utilizing narrowband satellite connectivity [6]. Appointment of Monte Koch - Monte Koch brings nearly 20 years of experience from the National Business Aviation Association and over 5,000 hours as a pilot, which adds significant expertise to Gogo's Board [2][4]. - Koch's 25-year career in finance and experience as a public company director are expected to benefit Gogo as it launches new products aimed at improving inflight connectivity and capturing opportunities in the business aviation market [2][3]. Monte Koch's Background - Koch is a retired Partner of BDT & Company, managing over $20 billion in assets, and has served as Chair Emeritus of the National Business Aviation Association [4][5]. - He has a strong background in investment banking, having held senior roles at Deutsche Bank Securities, including Global Head of Real Estate Investment Banking [5].

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 ...

The Zacks Wireless National industry is likely to benefit from healthy demand trends with an accelerated 5G rollout and increased fiber densification, helping bridge the digital divide with seamless connectivity. However, high capital expenditures for infrastructure upgrades, margin erosion, inflationary pressures, supply-chain disruptions albeit at a diminishing pace and high customer inventory levels have dented the industry’s profitability.Nevertheless, T-Mobile US Inc. (TMUS) , AT&T Inc. (T) and Gogo In ...

Core Insights - Gogo Business Aviation has successfully completed over 1,000 software updates for its AVANCE system using the over-the-air (OTA) feature, significantly improving operational efficiency for fleet operators [1][2] - The OTA feature replaces the traditional USB kit method, allowing simultaneous updates across all aircraft, thus addressing logistical challenges faced by global fleet customers [2] - The AVANCE platform is designed for easy upgrades to new technologies, including Gogo Galileo and Gogo 5G, enhancing connectivity options for users [1][2] Company Overview - Gogo is the largest provider of broadband connectivity services in the business aviation market, offering a range of smart cabin systems for connectivity, in-flight entertainment, and voice solutions [4] - As of March 31, 2024, Gogo reported 7,136 business aircraft equipped with its broadband ATG systems, with 4,110 using the AVANCE L5 or L3 systems [4]

Bombardier Challenger 300 series aircraft receive priority bookingsMISSISSAUGA, 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 ...

ALAMO Engineering to Develop EASA STC for Cessna Citation Latitude Midsize JetsGENEVA, 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 ...

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 tha ...