NASDAQ:GOGO

Gogo Announces First Quarter Results

Retrieved on: 
Tuesday, May 7, 2024
Pandemic, Risk, FCC, ARPU, Capital expenditure, Secure, Infection, ID, GAAP, Aviation, ATG, Software, Attention, FDX, Galileo Galilei, AOL, Annual report, Climate change, Free cash flow, Original equipment manufacturer, LTE, Public expenditure, Chairperson, AVANCE, Government, Embraer, Internet, Security (finance), Classic, ESG, Form 10-K, Failure, Adjustment, Federal Communications Commission, STC, Beauty salon

BROOMFIELD, Colo., May 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 March 31, 2024.

Key Points: 
  • Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year
    Q1 Net Income of $30.5 million; Adjusted EBITDA(1) of $43.3 million
    BROOMFIELD, Colo., May 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 March 31, 2024.
  • Net income in the first quarter of 2024 included $9.9 million of an after-tax unrealized gain from a $5 million investment in a convertible note.
  • "Strong first quarter results drove an increase in Gogo's 2024 Adjusted EBITDA guidance to the high end of the range and supported strong share repurchases," said Jessi Betjemann, Executive Vice President and CFO.
  • Capital expenditures of approximately $45 million including $30 million for strategic initiatives including Gogo 5G, Gogo Galileo and the LTE network build.

Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024

Retrieved on: 
Thursday, April 18, 2024
ID, United, Aviation, Cryptocurrency

BROOMFIELD, Colo., April 18, 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 first quarter of 2024 before the market opens on May 7, 2024.

Key Points: 
  • BROOMFIELD, Colo., April 18, 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 first quarter of 2024 before the market opens on May 7, 2024.
  • The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET).
  • A live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/ .
  • Please click on the below link to retrieve your unique conference ID to use to access the earnings call:

Gogo Secures FCC Regulatory Approval for Gogo Galileo Terminals

Retrieved on: 
Tuesday, April 9, 2024
LEO, FCC, Bombardier Challenger 300, Certification, HDX, Motion, ESIM, Gogo Business Aviation, Federal, FDX, Federal Communications Commission

BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.

Key Points: 
  • BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.
  • The FCC Earth station in motion (ESIM) regulatory license grants Gogo the authority to commercialize and operate the terminals, which are integral to its Gogo Galileo low Earth orbit (LEO) global broadband service, on US-registered aircraft, and those registered in other countries within U.S. territory including territorial waters.
  • *
    "Receiving the ESIM license for the HDX and FDX terminals represents an important milestone in bringing the Gogo Galileo service to market by year end," said, Crystal Gordon, executive vice president, general counsel and corporate secretary for Gogo.
  • Track important milestones in the development of Gogo Galileo with Gogo's milestone tracker .

Gogo Galileo Global Broadband Coming to European Operators

Retrieved on: 
Monday, April 1, 2024
LEO, Conference, Galileo Galilei, Go go, EASA, Atlas, Wi-Fi, CJ1, Partnership, MRO, Citation, STC, HDX, Atlas Air, Cessna CitationJet/M2, EBACE, CJ3, Aviation, Embraer, Gogo Business Aviation, Aircraft, Atmosphere of Earth, CJ2, Eutelsat, CJ4

BROOMFIELD, 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.

Key Points: 
  • "For many years our customers have been asking for a small and affordable broadband solution for their aircraft.
  • We wanted to be among the first to partner with Gogo to develop these STCs and bring true broadband inflight Wi-Fi for every segment of business aviation."
  • Gogo Galileo will operate on the Eutelsat OneWeb enterprise-grade Low-Earth-Orbit (LEO) satellite network, which is fully deployed.
  • Hear more from Grigore about the opportunity Atlas Air Service sees for Gogo Galileo and the compact HDX antenna for smaller aircraft operating in Europe.

Gogo Testing for Global Broadband Antenna Achieves Major Milestone

Retrieved on: 
Thursday, March 28, 2024
LEO, Certification, SATS, Go go, HDX, Aviation, Gogo Business Aviation, Hughes Network Systems, EchoStar, Eutelsat, Engineering, Communications satellite

BROOMFIELD, Colo., March 28, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it has achieved another important milestone with its Gogo Galileo global broadband service completing end-to-end connectivity using the HDX antenna on the fully deployed Eutelsat OneWeb Low Earth Orbit (LEO) satellite network.

Key Points: 
  • BROOMFIELD, Colo., March 28, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it has achieved another important milestone with its Gogo Galileo global broadband service completing end-to-end connectivity using the HDX antenna on the fully deployed Eutelsat OneWeb Low Earth Orbit (LEO) satellite network.
  • Gogo Galileo remains on track for commercial launch later this year.
  • "Gogo Galileo HDX stands to revolutionize business aviation inflight connectivity by delivering a solution fit for aircraft of all sizes, especially small jets, which have limited options today, and no broadband options outside North America" said Sergio Aguirre, president and COO for Gogo.
  • Flight testing with the HDX terminal will begin this summer with certification and commercial launch expected later this year.

Gogo Conducting 5G Software Testing with State-of-the-Art Virtual Flight Simulator

Retrieved on: 
Thursday, March 21, 2024
Altitude, Bombardier Challenger 300, Gogo Business Aviation, Software, Radio, Interview, Environment

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.

Key Points: 
  • 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 software to a more than 90 percent confidence level.
  • The technology enables end-to-end 5G system testing ahead of schedule and helps to mature the software at a faster pace before flight testing begins.
  • Once lab testing is completed, the 5G software will be flight tested using Gogo's Challenger 300 testbed and the already-deployed Gogo 5G network .

Gogo Announces Fourth Quarter and 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
CFO, Internet, LTE, ATG, Classic, Go go, FCC, Risk, AVANCE, AOL, Free cash flow, Aviation, Form 10-K, Investment, Original equipment manufacturer, ID, Secure, Federal Communications Commission, ESG, Government, Adjustment, Annual report, Pandemic, Galileo Galilei, Climate change, Attention, ARPU, Capital expenditure, GAAP, NetJets, Chairperson, Infection, Public expenditure, Security (finance), Failure, Software, Cryptocurrency

BROOMFIELD, Colo., Feb. 28, 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 December 31, 2023.

Key Points: 
  • Total Revenue of $97.8 million, down 10% Year-over-Year; Record Fourth Quarter Service Revenue of $80.9 million, up 5% Year-over-Year
    Q4 Net Income of $14.5 million; Adjusted EBITDA(1) of $35.1 million
    BROOMFIELD, Colo., Feb. 28, 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 December 31, 2023.
  • Average Monthly Revenue per ATG aircraft online ("ARPU") of $3,387, compared to $3,370 in Q4 2022 and $3,373 in Q3 2023.
  • Cash provided by operating activities of $26.2 million in Q4 2023 decreased from $31.5 million in the prior year period.
  • Cash, cash equivalents and short-term investments totaled $139.0 million as of December 31, 2023 compared to $110.8 million as of September 30, 2023.

Gogo Inc. to Report Fourth Quarter 2023 Financial Results on February 28, 2024

Retrieved on: 
Thursday, February 15, 2024
United, ID, Aviation, Cryptocurrency

BROOMFIELD, Colo., Feb. 15, 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 fourth quarter of 2023 before the market opens on February 28, 2024.

Key Points: 
  • BROOMFIELD, Colo., Feb. 15, 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 fourth quarter of 2023 before the market opens on February 28, 2024.
  • The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET).
  • A live web cast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com/ .
  • Please click on the below link to retrieve your unique conference ID to use to access the earnings call:

NetJets Signs New Connectivity Agreement Extending 20-Year Relationship with Gogo

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Travel, AVANCE, LEO, NetJets, L3, GEO, SCS, Data-rate units, Gogo Business Aviation, FDX, Aircraft, HDX, Nightclub

BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service. NetJets Owners in Europe will also have the benefit of Gogo Galileo.

Key Points: 
  • NetJets to Install Gogo AVANCE, 5G, and Global Broadband
    BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service.
  • NetJets Owners in Europe will also have the benefit of Gogo Galileo.
  • "Gogo is excited to continue our long-term partnership with NetJets," said Sergio Aguirre, Gogo's president and chief operating officer.
  • Throughout the 20-plus year relationship with the worldwide leader in private aviation, Gogo has created features such as over-the-air software updates to address NetJets' specific operational needs while also providing services like Gogo Vision to improve the inflight connectivity experience.

NetJets Signs New Connectivity Agreement Extending 20-Year Relationship with Gogo

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Travel, AVANCE, LEO, NetJets, L3, GEO, SCS, Data-rate units, Gogo Business Aviation, FDX, Aircraft, HDX, Nightclub

BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service. NetJets Owners in Europe will also have the benefit of Gogo Galileo.

Key Points: 
  • NetJets to Install Gogo AVANCE, 5G, and Global Broadband
    BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service.
  • NetJets Owners in Europe will also have the benefit of Gogo Galileo.
  • "Gogo is excited to continue our long-term partnership with NetJets," said Sergio Aguirre, Gogo's president and chief operating officer.
  • Throughout the 20-plus year relationship with the worldwide leader in private aviation, Gogo has created features such as over-the-air software updates to address NetJets' specific operational needs while also providing services like Gogo Vision to improve the inflight connectivity experience.