Gogo worked closely with QCM Design and ACC Columbia to generate the new Gogo Galileo HDX STC The Gogo Galileo HDX terminal enables seamless web browsing, video conferencing, streaming, email, and much more. BROOMFIELD, Colo., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Gogo (NASDAQ: GOGO) announced today that Switzerland-based QCM Design has received European Union Aviation Safety Agency (EASA) approval for a Gogo Galileo HDX Antenna Supplemental Type Certificate (STC). The QCM Design-developed STC supports ret ...

Financial Data and Key Metrics Changes - Q1 2025 revenues reached $92 million, a 21% increase year over year from $76.1 million in Q1 2024 [8][28] - Adjusted EBITDA for Q1 2025 was $7.6 million, with an organic adjusted EBITDA of $11.2 million, representing a 20% year over year increase [8][33] - GAAP net loss for Q1 2025 was $6 million, or a loss per share of $0.10, compared to a net income of $5 million, or diluted income per share of $0.09 in Q1 2024 [32][33] Business Line Data and Key Metrics Changes - Commercial segment revenues for Q1 2025 were $64.2 million, a 56% increase from $41.2 million in Q1 2024, primarily due to the acquisition of Stellar Blue [28] - Defense segment revenues increased by 34% to $23 million in Q1 2025 from $17.2 million in Q1 2024, driven by high deliveries to defense customers in the U.S. and Asia [29] - Peru segment revenues declined to $4.8 million in Q1 2025 from $17.7 million in Q1 2024, attributed to delays in project renewals and slower progress on existing projects [29][30] Market Data and Key Metrics Changes - The company is seeing increased demand from diverse geographical markets, including North America, Europe, and Asia Pacific, particularly in the defense sector [12][13] - In Europe, there is a growing demand for secure high-performance communication over satellites, driven by increased defense budgets [12][13] Company Strategy and Development Direction - The company is focused on accelerating revenues in 2025, capitalizing on the acquisition of Stellar Blue and strong demand for Gilat Defense Solutions [7][23] - Increased investment in R&D and sales and marketing for Gilat Defense is planned for 2025 to enhance product offerings and market presence [16][24] - The company aims to leverage its diverse product portfolio to support the evolution of satellite communications and address the digital divide [21][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of global economic uncertainty and shifting international trade policies on business operations, indicating proactive adjustments to raw material sourcing [9][10] - The company reiterated its 2025 annual guidance, projecting revenues between $415 million and $455 million, representing year-over-year growth of 42% at the midpoint [35] Other Important Information - Stellar Blue is expected to contribute between $120 million and $150 million in revenue for the year, with a target of achieving a 10% adjusted EBITDA margin in the second half of 2025 [9][49] - The company secured a $100 million credit line to finance the acquisition of Stellar Blue, utilizing $60 million of it [34] Q&A Session Summary Question: Is the defense business expected to benefit from increases in European defense spending? - Management indicated that there is traction from increased defense budgets in Europe, with expectations for decent business growth in the mid-term [38] Question: What milestones need to be achieved for the Boeing line fit program? - Management stated that adaptations to the terminal are in progress, with certification expected within the next two to three quarters [39] Question: How should revenue linearity in Peru be viewed over the next few quarters? - Management expects a revenue run rate of $45 million to $50 million for Peru, with delays in project renewals impacting current revenues [40][41] Question: How is the integration of Stellar Blue progressing? - Management reported good progress, with significant market acceptance and feedback, and expects to resolve supply chain issues soon [47][48] Question: What is the anticipated revenue structure for primary and secondary aviation markets? - Management indicated that 100% of revenues in 2025 will come from retrofit, with expectations for a 50-50 split between retrofit and line fit by mid to late 2026 [60] Question: What is the impact of tariffs on the business? - Management noted that the effect of tariffs is currently not significant, and proactive measures have been taken to shift sourcing to lower tariff countries [102]

Core Insights - Viasat has launched its next-generation in-flight connectivity solution, Viasat Amara, which integrates advanced satellite network design, hardware innovations, and digital products to enhance passenger experience and airline differentiation [1][2][7] - The solution is designed to provide scalable, high-capacity connectivity across multiple satellite orbits, including GEO, HEO, and LEO, ensuring a robust service for airlines [6][7] - Viasat Amara is built on existing technology, allowing for a simple software upgrade on over 3,000 aircraft, facilitating approximately 10,000 flights daily without the need for additional hardware [3][4] Product Features - The proprietary electronically steered antenna (ESA) terminal, Viasat Aera, will enable simultaneous dual-beam connections across various satellite orbits, enhancing the in-flight connectivity experience [4][5] - Viasat Amara's roadmap includes innovations that leverage a high-capacity ecosystem of satellites, including the recently announced LEO Ka-band capacity from Telesat Lightspeed [6] - The upgrade to the Viasat Aera terminal is expected to be completed in less than a day, utilizing existing infrastructure with no changes to the in-cabin network [5] Market Positioning - Viasat aims to help airlines maximize the potential of connectivity for brand loyalty and growth, offering flexible business models and a suite of digital products to enhance customer satisfaction [2][8] - The company emphasizes that no two airlines are the same, tailoring its offerings to meet the unique needs of each airline and user [8] - Viasat's ongoing innovations are positioned to maintain its leadership in the in-flight connectivity market, ensuring high-quality service and competitive advantages for airline customers [7][8]