Gogo Inc. (NASDAQ:GOGO) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants William Davis - Vice President-Investor Relations Oakleigh Thorne - Chairman & Chief Executive Officer Jessi Betjemann - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Searle - ROTH MKM Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James Lance Vitanza - TD Cowen Louie DiPalma - William Blair Operator Thank you for standing by, and welcome to Gogo Inc's First Qu ...

Gogo (GOGO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 166.67%. A quarter ago, it was expected that this in-flight internet provider would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise.Over the last four quarters, the company ...

The market expects Gogo (GOGO) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. ...

Core Points - Gogo Business Aviation has received regulatory approval from the FCC for its Gogo Galileo HDX and FDX antenna terminals, which are essential for its low Earth orbit (LEO) global broadband service [1][2] - The approval allows Gogo to commercialize and operate these terminals on US-registered aircraft and those registered in other countries within U.S. territory [1] - Gogo plans to begin flight testing the HDX terminal in the summer of 2024, with a commercial launch expected later this year [1] Company Overview - Gogo is the largest provider of broadband connectivity services for the business aviation market, offering a range of smart cabin systems for connectivity, in-flight entertainment, and voice solutions [2] - As of December 31, 2023, Gogo reported 7,205 business aircraft equipped with its broadband ATG systems, including 3,976 with Gogo AVANCE L5 or L3 systems and 4,341 with narrowband satellite connectivity [2]

Company Developments - Gogo Inc has successfully established end-to-end connectivity through its Gogo Galileo global broadband service, utilizing the HDX antenna on the Eutelsat OneWeb Low Earth Orbit satellite network [1] - The commercial launch of Gogo Galileo is scheduled for later this year, aiming to enhance in-flight connectivity for business aviation, particularly for small jets [1] - Flight testing with the HDX terminal is set to begin in the summer, with certification and commercial launch expected later in the year [1] Industry Insights - The global in-flight entertainment and connectivity market was valued at $5.96 billion in 2022 and is projected to grow at a CAGR of 8.4% from 2023 to 2030, driven by increasing demand for onboard wireless connectivity solutions [2] - Gogo is also advancing its 5G software, with virtual flight simulation testing underway, and expects to launch Gogo 5G later this year [2] Performance Metrics - Gogo 5G is expected to outperform rival geosynchronous satellite or air-to-ground options, with peak speeds of 75-80 Mbps and average speeds around 25 Mbps, catering to the demand for data-intensive services [3] - Gogo's shares have decreased by 39.3% over the past year, contrasting with the sub-industry's growth of 7.5% [3]

Atlas Air Service AG to Develop EASA STC Portfolio for Cessna CitationJet Series of Light Jets and Embraer Phenom 300BROOMFIELD, Colo. and BREMEN, Germany, April 1, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it is partnering with Atlas Air Service AG to develop the first European Supplemental Type Certificate (STC) for the Gogo Galileo HDX antenna for the Cessna CitationJet series of light jet aircraft and another STC for the Embraer Phenom 300. This is the Cessna Citation ...

Gogo 5G Remains on Track for Expected Commercial Launch Later This Year DALLAS, March 21, 2024 /PRNewswire/ -- (AEA, Booth #813) – Gogo Business Aviation (NASDAQ: GOGO) today announced that it is now conducting virtual flight simulation testing of its 5G software and expects to deliver Gogo 5G later this year. Utilizing an advanced virtual flight simulator, constructed by Gogo's radio frequency (RF) engineering team, Gogo is emulating the radio channel in the airborne environment to verify the Gogo 5G soft ...

Gogo (GOGO) shares soared 5.5% in the last trading session to close at $9.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.1% loss over the past four weeks.With the divestiture of the commercial in-flight connectivity division, Gogo has restructured its business model to focus more on its core operations. The transformative sale agreement has unlocked new business opportunities for Gogo within the business aviation market a ...

Franco Ercolino I am revisiting my previous analysis of Gogo, Inc. (NASDAQ:GOGO), in light of Q4 and full-year 2023 earnings. In my Q3 analysis, I rated Gogo a buy with a price target of $18.70. My buy rating was supported by the following: The subscription business continued to succeed, setting record revenue in the quarter and expanding margins Demographic trends were heavily in Gogo's favor DCF analysis at the mid-point of guidance showed a significant upside based on underlying industry trends Sin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One): ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2023 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 or other ...