Core Points - Gogo's Plane Simple Ka-band tail mount antenna system has received EASA supplemental type certification for Dassault Falcon 7X and 8X aircraft, enhancing connectivity options for operators [1][3] - The certification allows operators to access global connectivity via the Viasat next-generation Ka-band GX network, enabling high-speed internet services onboard [2][4] - The installation process is simplified, requiring only two line-replaceable units, and there is significant interest from operators looking to upgrade their connectivity capabilities [4] Company Overview - Gogo specializes in providing high-performance connectivity solutions for business aviation, with a focus on enhancing onboard WiFi speeds and overall user experience [3][4] - The company offers a comprehensive ecosystem that includes hardware, software, ground infrastructure, and customer support, ensuring a best-in-class connectivity experience [3] Industry Impact - The certification is expected to lead to further approvals from aviation authorities in the U.S., Canada, and Brazil, indicating a growing trend towards improved connectivity in business aviation [3] - The Plane Simple Ka-band terminal supports multiple passengers using various devices simultaneously, catering to the increasing demand for in-flight connectivity for entertainment and productivity [2][9]

Core Insights - The Relative Strength Index (RSI) is a key tool for technical analysts to assess stock momentum and identify overbought or oversold conditions [1] - An RSI threshold of 30 indicates potential oversold conditions, suggesting a possible trend reversal for future gains [2] Amentum Overview - Amentum (AMTM) is a defense contractor providing various services, with shares down approximately 20% over the past year despite a strong fiscal Q3 performance [3] - Revenue increased by 66% year-over-year on a GAAP basis, although it fell short of analyst expectations; the company achieved a 3-cent earnings beat and repaid $450 million in debt [4] - Six out of ten analysts rated AMTM as a Buy, with a consensus price target of $28.40, indicating over 27% upside potential from the current price [5] - Amentum's RSI is currently at 25.7, indicating oversold conditions, while short interest has risen by 14% [6] Gogo Overview - Gogo Inc. (GOGO) is a provider of in-flight wireless and entertainment services, with shares currently priced at $9.11 [7] - The company launched its Galileo HDX satcom service and is rolling out enhanced 5G services to compete with Starlink [8] - Gogo reported record equipment sales, leading to free cash flow of $62 million, but shares have fallen nearly 21% in the last month despite a 6% year-to-date increase [9] - Gogo's RSI is at 12.8, indicating oversold conditions, with short interest increasing by almost 8% [10] DoubleVerify Overview - DoubleVerify Inc. (DV) specializes in digital media data and analytics, with shares priced at $11.90 [12] - The company experienced a 21% year-over-year revenue increase and raised its revenue growth guidance from 13% to 15% for the year [13] - DoubleVerify's RSI is at 17.9, suggesting oversold conditions, while short interest has decreased by over 8% [14] - Fourteen analysts rated DV as a Buy, indicating a potential upside of about 62% [14]

Group 1 - Gogo Inc. completed the acquisition of Satcom Direct for a total value of $415 million, which includes $375 million in cash and $40 million in Gogo stock [1] - The acquisition was finalized in the fourth quarter of the previous year [1] Group 2 - The acquisition is part of Gogo's strategy to enhance its service offerings in the aviation connectivity market [1] - This move is expected to strengthen Gogo's position in the industry and expand its customer base [1]

Core Viewpoint - Gogo is advancing its next-generation 5G air-to-ground (ATG) technology, achieving significant performance milestones in terrestrial testing, which positions the company to deliver high-speed broadband connectivity to North American customers [1][3]. Group 1: Technology and Performance - The Gogo 5G chip has surpassed expected performance speeds, achieving peak speeds of up to 80 Mbps, which supports data-intensive applications like streaming and video conferencing [2][3]. - The testing has transitioned from virtual modeling to real-world applications using the AVANCE LX5 platform and MB13 antennas, confirming the technology's reliability [2][3]. Group 2: Market and Customer Impact - Gogo anticipates growth in the military and government sectors, leveraging government funding and its SD Pro operating system for enhanced communication capabilities [4]. - Over 300 private aircraft are pre-provisioned for the Gogo 5G network, ensuring dedicated connectivity for business aviation users without interference from other sectors [4][5]. - The company has contracted 33 Supplemental Type Certificates (STCs) for major aircraft types, with 28 completed and five more expected by the end of Q4 [4]. Group 3: Installation and Support - Installation of the Gogo 5G ATG solution will take approximately two weeks, with expedited options for aircraft already equipped with AVANCE LX5 [5]. - Gogo provides 24/7/365 customer support and various incentives for both existing and new customers, enhancing the overall service experience [4][6].

I am a long-term stock investor and registered investment advisor who has been investing for the past decade. I started Middle Coast Investing, an investment advisory firm, in 2023, and have managed my own accounts as well as those of a few family members and friends, mostly U.S. based (I manage one Europe-focused account) for the past decade plus. I am also building a guide to investing called a Short Investing Guide, and exploring other projects.Please see performance disclosures.I worked for Seeking Alph ...

I am a long-term stock investor and registered investment advisor who has been investing for the past decade. I started Middle Coast Investing, an investment advisory firm, in 2023, and have managed my own accounts as well as those of a few family members and friends, mostly U.S. based (I manage one Europe-focused account) for the past decade plus. I am also building a guide to investing called a Short Investing Guide, and exploring other projects.Please see performance disclosures.I worked for Seeking Alph ...

Core Insights - Gogo has received EASA approval for the Gogo Galileo HDX Antenna Supplemental Type Certificate (STC), enabling retrofit installations for Bombardier Global 5000 and Global 6000 series aircraft [1][2] - The STC was developed in collaboration with ACC Columbia Jet Service and covers multiple Bombardier Global series aircraft [2] - Skyside, an Austria-based charter company, has completed the first installation of the system, providing passengers with high-speed connectivity via the Eutelsat OneWeb LEO satellite network [3] Company Developments - QCM Design's CEO expressed pride in the STC confirmation and highlighted the technology's potential to enhance connectivity for Global series aircraft owners [4] - The Gogo AVANCE SCS platform was modified on Skyside's aircraft in summer 2024, and the addition of the Gogo Galileo HDX antenna will improve the in-flight digital experience [4] - Gogo's offerings include a combination of Air-to-Ground systems and high-speed satellite networks, ensuring consistent global connectivity [6] Market Position - Gogo aims to set new standards for reliability, security, and innovation in in-flight connectivity, catering to business and military/government aviation [5][6] - The company is anticipating further regulatory approvals from the FAA and Transport Canada following the EASA approval [4] - Customers can pre-order the installation of the Gogo Galileo HDX system for their Bombardier Global business jets from ACC Columbia at their airport facilities [4]

Core Viewpoint - Gogo has received FAA supplemental type certification for the Gogo Galileo HDX terminal for the Dassault Falcon 2000 aircraft family, enabling high-speed internet connectivity for owners and operators of these jets [1][2]. Group 1: Product and Certification - The Gogo Galileo HDX terminal is the first HDX STC for a Dassault Falcon business jet, providing versatile connectivity and 24/7 global customer support [2][3]. - The STC allows Falcon 2000 jet owners to access high-speed internet for various applications during all flight phases, supported by Eutelsat OneWeb's low-earth orbit satellite constellation [2][3]. Group 2: Market Position and Benefits - The Falcon 2000 is a popular choice in the super mid-size market, and the Gogo Galileo HDX terminal enhances the passenger experience and supports efficient flight operations [3]. - The installation of the Gogo Galileo HDX terminal is expected to help retain asset value for aircraft owners [3]. Group 3: Installation and Future Developments - The retrofit installation requires fitting two line replaceable units, the HDX antenna and the AVANCE platform, allowing for future upgrade pathways [4]. - Gogo and Dassault anticipate that an STC for the Gogo Galileo HDX will be approved for the Dassault Falcon 7X type before the end of the year [4]. Group 4: Company Overview - Gogo is the only multi-orbit, multi-band in-flight connectivity provider, offering technology specifically designed for business and military/government aviation [5][6]. - The company aims to deliver consistent global connectivity through a combination of Air-to-Ground systems and high-speed satellite networks, supported by a dedicated customer support team [6][7].

Company Overview - National Fidelity Financial (NFF) is a leader in debt resolution, founded in 2009, headquartered in Melbourne, Florida, with a mission to help individuals overcome overwhelming debt through tailored financial solutions [3][7] - NFF offers services including debt settlement and resolution, personal loans, and business loans, with a commitment to no up-front fees [3][7] Leadership and Expertise - Jim Jensen has joined NFF as an equity partner, bringing significant expertise from his previous role as founder of Satcom Direct, a provider of in-flight connectivity solutions [1][2] - Jensen's technical background in product development, network infrastructure, and data security aligns with NFF's strategy to enhance its financial technology capabilities [4] Growth Strategy - NFF plans to hire approximately 120 new customer service representatives, negotiators, and managers over the next 18 months to improve service delivery [5] - The company aims to provide seamless service from 9 AM to 9 PM, seven days a week, across all US time zones [5] Future Outlook - The partnership with Jim Jensen is viewed as a significant opportunity for NFF to accelerate growth, expand reach, and create job opportunities that positively impact families [6] - Jensen expressed confidence in NFF's potential for growth and its role in helping clients achieve financial stability [6]

PART I. FINANCIAL INFORMATION This section covers Gogo Inc.'s unaudited condensed consolidated financial statements, management's discussion, market risk, and controls [ITEM 1. FINANCIAL STATEMENTS](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Gogo Inc.'s unaudited condensed consolidated financial statements and detailed notes [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) This section provides Gogo Inc.'s financial position at June 30, 2025, and December 31, 2024 Unaudited Condensed Consolidated Balance Sheets | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | | :-------------------------------- | :----------------------------- | :----------------------------- | | Cash and cash equivalents | $102,085 | $41,765 | | Total current assets | $385,855 | $323,093 | | Total assets | $1,262,970 | $1,229,231 | | Total current liabilities | $225,609 | $182,028 | | Total liabilities | $1,160,180 | $1,159,907 | | Total stockholders' equity | $102,790 | $69,324 | - Cash and cash equivalents significantly increased from **$41.8 million** at December 31, 2024, to **$102.1 million** at June 30, 2025[9](index=9&type=chunk) - Total stockholders' equity increased from **$69.3 million** at December 31, 2024, to **$102.8 million** at June 30, 2025[9](index=9&type=chunk) [Unaudited Condensed Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) This section details Gogo Inc.'s financial performance, including revenue, operating income, and net income Unaudited Condensed Consolidated Statements of Operations | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Total revenue | $226,038 | $102,059 | $456,345 | $206,381 | | Operating income | $35,961 | $21,681 | $71,148 | $56,355 | | Net income | $12,807 | $839 | $24,849 | $31,329 | | Basic EPS | $0.10 | $0.01 | $0.19 | $0.24 | | Diluted EPS | $0.09 | $0.01 | $0.18 | $0.24 | - Total revenue for the three months ended June 30, 2025, increased by **121.5%** YoY to **$226.0 million**, and for the six months, it increased by **121.1%** YoY to **$456.3 million**, primarily driven by the Satcom Direct acquisition[11](index=11&type=chunk) - Net income for the three months ended June 30, 2025, surged to **$12.8 million** from **$0.8 million** in the prior-year period, while for the six months, it decreased to **$24.8 million** from **$31.3 million**[11](index=11&type=chunk) [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) This section presents Gogo Inc.'s comprehensive income and loss for the reported periods Unaudited Condensed Consolidated Statements of Comprehensive Income | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net income | $12,807 | $839 | $24,849 | $31,329 | | Comprehensive income (loss) | $11,488 | $(2,136) | $21,509 | $27,524 | - Comprehensive income for the three months ended June 30, 2025, was **$11.5 million**, a significant improvement from a loss of **$2.1 million** in the prior-year period[13](index=13&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines Gogo Inc.'s cash flows from operating, investing, and financing activities Unaudited Condensed Consolidated Statements of Cash Flows | Metric (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $69,183 | $54,606 | | Net cash used in investing activities | $(7,221) | $(2,685) | | Net cash used in financing activities | $(2,269) | $(29,453) | | Increase in cash, cash equivalents and restricted cash | $60,250 | $22,514 | - Net cash provided by operating activities increased to **$69.2 million** for the six months ended June 30, 2025, from **$54.6 million** in the prior-year period[15](index=15&type=chunk) - Net cash used in investing activities increased to **$7.2 million** for the six months ended June 30, 2025, from **$2.7 million** in the prior-year period, primarily due to higher capital expenditures and acquisition-related payments[15](index=15&type=chunk)[195](index=195&type=chunk) - Net cash used in financing activities significantly decreased to **$2.3 million** for the six months ended June 30, 2025, from **$29.5 million** in the prior-year period, mainly due to no share repurchases in the current period[15](index=15&type=chunk)[197](index=197&type=chunk) [Unaudited Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This section details changes in Gogo Inc.'s stockholders' equity, driven by net income and stock-based compensation Unaudited Condensed Consolidated Statements of Stockholders' Equity | Metric (in thousands) | Balance at January 1, 2025 | Balance at June 30, 2025 | | :-------------------- | :------------------------- | :----------------------- | | Total Stockholders' Equity | $69,324 | $102,790 | | Net income | $24,849 | - | | Stock-based compensation expense | $11,858 | - | | Issuance of common stock upon exercise of stock options | $3,660 | - | | Tax withholding related to vesting of restricted stock units | $(3,977) | - | - Total stockholders' equity increased from **$69.3 million** at January 1, 2025, to **$102.8 million** at June 30, 2025, driven by net income and stock-based compensation[18](index=18&type=chunk) - The company issued **1,299,520** shares upon exercise of stock options and **1,051,548** shares upon vesting of restricted stock units during the six months ended June 30, 2025[18](index=18&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures for the financial statements [1. Basis of Presentation](index=9&type=section&id=Note%201.%20Basis%20of%20Presentation) This note describes Gogo Inc.'s business, reporting segments, and financial statement preparation basis - Gogo Inc. is a multi-orbit, multi-band in-flight connectivity provider for business and military/government aviation, offering ATG technology and satellite access[20](index=20&type=chunk) - Following the acquisition of Satcom Direct on December 3, 2024, the Company now operates with two reportable segments: Gogo BA (legacy business aviation) and Satcom Direct (global satellite-based communication solutions)[21](index=21&type=chunk) - The Company is evaluating the impact of ASU No. **2024-03**, Disaggregation of Income Statement Expenses, effective for fiscal years beginning after December 15, 2026[27](index=27&type=chunk) [2. Acquisition of Satcom Direct](index=9&type=section&id=Note%202.%20Acquisition%20of%20Satcom%20Direct) This note details the Satcom Direct acquisition, including consideration, goodwill, and pro-forma financials - Gogo Inc. completed the acquisition of Satcom Direct on December 3, 2024, for an aggregate consideration including **$375 million** cash, **5 million