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Stay Ahead of the Game With Gogo (GOGO) Q1 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2025-05-08 14:20
Core Insights - Gogo (GOGO) is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 68.8% [1] - Revenue is anticipated to be $214.48 million, representing a significant increase of 105.6% from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, indicating stability in analyst projections [1] Revenue Estimates - Analysts forecast 'Service revenue' to be $191.73 million, indicating a year-over-year increase of 134.8% [3] - 'Equipment revenue' is expected to reach $22.77 million, suggesting a slight increase of 0.5% year over year [4] Aircraft Metrics - The estimate for 'Aircraft Online - Narrowband satellite' is 4,111, down from 4,285 in the previous year [4] - 'Aircraft online - Total ATG' is projected to be 7,016, compared to 7,136 reported in the same quarter last year [4] Connectivity Service Revenue - The 'Average monthly connectivity service revenue per aircraft online - Narrowband satellite' is expected to be $302.73, up from $292 year over year [5] - The consensus for 'Average monthly connectivity service revenue per aircraft online - ATG' is $3,575.58, compared to $3,458 in the previous year [5] Units Sold - Analysts predict 'Units Sold - Business Aviation - ATG' to be 151, down from 258 in the same quarter last year [6] Stock Performance - Gogo shares have decreased by 1.7% over the past month, contrasting with an 11.3% increase in the Zacks S&P 500 composite [6] - Gogo holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6]
Gogo confirms PMA for Gogo Galileo FDX, facilitating STC generation for super-midsize and larger aircraft.
Globenewswire· 2025-05-07 12:38
Core Insights - Gogo has received Parts Manufacturer Approval (PMA) from the FAA for its Gogo Galileo FDX antenna, marking a significant step towards full-scale production and sales of the FDX electronically steered antenna [1][10] - The Gogo dealer network is actively working on generating Supplemental Type Certificates (STC) for super-midsize and larger aircraft types [1] - The FDX antenna is designed for business aviation, supporting high-speed broadband with download speeds of up to 195Mbps and upload speeds of 32Mbps [2] Company Developments - The PMA for the Gogo Galileo FDX was achieved shortly after the same milestone for the HDX antenna, showcasing Gogo's commitment to providing connectivity solutions for various aircraft types, including VVIP and military [3] - The FDX antenna can be installed on new aircraft or retrofitted for existing ones, ensuring uninterrupted global connectivity [3][4] - Gogo's CEO emphasized the company's dedication to enhancing connectivity options for aircraft owners and operators, highlighting the FDX's role in meeting the diverse needs of the business aviation sector [4] Product Features - The FDX Electronically Steered Antenna is designed for ease of installation, with minimal downtime and optimized cabling for multiple passengers using various devices simultaneously [2][5][14] - The software-driven FDX is futureproofed, allowing for rapid switching between satellites to maintain high-speed broadband service [5] - Commercial service for the FDX antenna is expected to be introduced in late 2025 [5]
Gogo confirms outstanding Plane Simple ESA flight test campaign
Globenewswire· 2025-04-29 21:02
Core Insights - Gogo has successfully demonstrated the performance of its Gogo Plane Simple® Electronically Steered Antenna (ESA) through extensive flight tests, indicating strong commercial potential for the technology [1][4][7] Group 1: Flight Testing and Performance - The ESA underwent rigorous testing in collaboration with MAG Aerospace, showcasing its ability to maintain continuous operations during various flight maneuvers, including taxi, take-off, landing, and complex patterns [1][2] - The antenna maintained stable connections with the satellite network, supporting multi-device connectivity for applications such as streaming, video conferencing, and corporate VPN access [2][4] Group 2: Technical Specifications and Development - The ESA is being developed in partnership with Gilat Satellite Networks Ltd, aimed at meeting the needs of VVIP and government operators by leveraging the Eutelsat OneWeb constellation [2][4] - The modular design of the ESA allows for easy upgrades to new antenna technologies without costly recertification, making it compatible with various aircraft types [3][4] Group 3: Future Prospects and Market Introduction - The successful flight tests have paved the way for the ESA's market introduction, with manufacturing of pre-production hardware already underway to support FAA testing and network-type approval [4][5] - Gogo's CEO highlighted the antenna's multi-purpose capabilities and its contribution to the company's expanding portfolio of connectivity solutions [4][7]
Gogo to Report First Quarter 2025 Financial Results on May 9th, 2025
Newsfilter· 2025-04-25 13:00
Core Viewpoint - Gogo Inc. will release its first quarter 2025 financial results on May 9, 2025, and will host a conference call for financial analysts at 8:30 a.m. (EST) on the same day [1]. Group 1: Financial Results Announcement - The company is set to announce its Q1 2025 financial results before the market opens on May 9, 2025 [1]. - A conference call will be held on the same day at 8:30 a.m. (EST) for financial analysts [1]. Group 2: Conference Call Details - A live webcast of the conference call will be available on the Investor Relations section of Gogo's website [2]. - Participants can join the live webcast through a specific link provided [2]. - A unique conference ID can be retrieved for accessing the conference call [2]. Group 3: Company Overview - Gogo is the only multi-orbit, multi-band in-flight connectivity provider, focusing on business and military/government aviation [3]. - The company offers a comprehensive product portfolio designed for various aircraft types, from small jets to large heavy jets [3]. Group 4: Connectivity Solutions - Gogo's offerings combine Air-to-Ground systems with high-speed satellite networks to provide global connectivity [4]. - The company emphasizes reliability, security, and innovation in its services, supported by a 24/7 customer support team [4].
Why Gogo (GOGO) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-04-17 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Gogo (GOGO) . This company, which is in the Zacks Wireless National industry, shows potential for another earnings beat.When looking at the last two reports, this in-flight internet provider has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 107.50%, on average, in the last two q ...
Gogo (GOGO) Moves 15.7% Higher: Will This Strength Last?
ZACKS· 2025-04-10 16:10
Company Overview - Gogo (GOGO) shares increased by 15.7% to close at $7.66, following a trading session with notable volume, contrasting with a 9.8% loss over the past four weeks [1] - The company has received Parts Manufacturer Approval for its Gogo Galileo HDX antenna from the Federal Aviation Administration, enhancing its in-flight connectivity portfolio [2] - Approximately 20% of the world's commercial and business jet aircraft utilize Gogo's solutions, indicating significant market penetration [2] Financial Performance - Gogo is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 68.8%, while revenues are projected to be $214.48 million, representing a 105.6% increase from the previous year [3] - The consensus EPS estimate for Gogo has been revised 15.6% lower over the last 30 days, suggesting a negative trend in earnings estimate revisions [4] Market Context - The U.S. Government's decision to pause higher tariffs for most countries, except China, for 90 days is viewed as a positive development for Gogo [2] - Gogo currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [4] - In the same industry, Spok Holdings (SPOK) has a Zacks Rank of 3 (Hold) and has seen a -8.1% return over the past month [4][5]
Gogo announces Gulfstream GV and Gulfstream G550 STC for Plane Simple Ka-band terminal
Newsfilter· 2025-03-19 12:00
Broomfield, CO., March 19, 2025 (GLOBE NEWSWIRE) -- Gogo (NASDAQ:GOGO) has confirmed Supplemental Type Certificate (STC) approval by the Federal Aviation Administration (FAA) for its Plane Simple® Ka-band tail mount terminal for Gulfstream GV and Gulfstream G550 aircraft. This latest development marks another significant milestone in the Plane Simple antenna series rollout. Gulfstream Aerospace Corp. developed the STC at its Savannah, Georgia, headquarters in collaboration with Gogo. This adds to the existi ...
Gogo (GOGO) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-03-18 17:00
Core Viewpoint - Gogo (GOGO) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors often rely on earnings estimates to determine a company's fair value, leading to stock price fluctuations based on their buying or selling actions [3]. Gogo's Earnings Outlook - Gogo's rising earnings estimates and the Zacks Rank upgrade suggest an improvement in its underlying business, which is expected to drive the stock price higher [4]. - The Zacks Consensus Estimate for Gogo indicates an expected earnings per share of $0.54 for the fiscal year ending December 2025, reflecting a year-over-year increase of 20% [7]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - Gogo's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting strong potential for market-beating returns in the near term [9].
Gogo(GOGO) - 2024 Q4 - Annual Report
2025-03-14 20:01
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, 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Gogo Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Inco ...
Gogo(GOGO) - 2024 Q4 - Annual Results
2025-03-14 20:00
Press Release For Immediate Release Investor Relations Contact: Media Relations Contact: Will Davis Stacey Giglio +1 917-519-6994 +1 321-525-4607 wdavis@gogoair.com sgiglio@gogoair.com Gogo Announces Fourth Quarter and Full Year 2024 Results Total Revenue of $137.8 million, up 41% Year-over-Year; Fourth Quarter Service Revenue of $118.8 million, up 47% Year-over-Year Q4 Net Loss of $28.2 million; Adjusted EBITDA(1) of $34.0 million Satcom Direct acquisition closed December 3, 2024 Receives FAA PMA authoriza ...