Gogo Inc - GOGO STOCK NEWS

FranklinCovey (NYSE: FC) has announced a significant leadership transition, with Stephen D. Young retiring as Chief Financial Officer after 23 years of service. Jessica G. Betjemann will assume the CFO role effective May 1, 2025.

Betjemann brings 30 years of experience to FC, most recently serving as EVP and CFO of Gogo Inc. At Gogo, she played key roles in the acquisition of Satcom Direct in 2024 and the sale of Gogo's Commercial Aviation division to Intelsat in 2020. Her previous experience includes senior positions at Nokia, Alcatel-Lucent, Lucent Technologies, and AT&T.

Young, who extended his service three years beyond his planned retirement date at the Board's request, will continue providing consulting services as a senior advisor during the transition period.

Gogo (NASDAQ: GOGO) has received FAA Supplemental Type Certificate (STC) approval for its Plane Simple® Ka-band tail mount terminal for Gulfstream GV and G550 aircraft. The certification was developed at Gulfstream's Savannah headquarters, adding to existing STCs for G650 and G650ER aircraft.

The terminal works with the SD Modem Unit and Gateway Router to provide high-speed broadband connectivity. Installation is available through authorized Gulfstream and Jet Aviation service centers. The company is working on additional STCs for G500 and G600 models, expected later this year.

The Ka-band antenna, compatible with Viasat GX satellites, is the first in business aviation designed to work with Viasat's next-generation satellites. These will enable dual polarity signals, doubling data transmission capacity for enhanced connectivity supporting video conferences and streaming.

Gogo Inc. (NASDAQ: GOGO) reported Q4 2024 financial results, including the impact of Satcom Direct acquisition closed on December 3, 2024. Total revenue reached $137.8 million, up 41% year-over-year, with service revenue of $118.8 million (up 47%) and equipment revenue of $19.0 million (up 12%).

The company posted a Q4 net loss of $28.2 million, compared to net income of $14.5 million in Q4 2023, primarily due to $46.8 million in pre-tax expenses related to the Satcom Direct acquisition. Adjusted EBITDA was $34.0 million.

Key operational metrics include 4,608 AVANCE aircraft online (up 16% YoY), record ARPU of $3,500, and 7,059 total ATG aircraft online. The company received FAA PMA authorization to ship Gogo Galileo HDX antenna starting Q1 2025.

2025 Guidance:

• Revenue: $870-910 million
• Adjusted EBITDA: $200-220 million
• Free Cash Flow: $60-90 million

Gogo (NASDAQ: GOGO) has achieved a significant milestone with the Federal Aviation Administration (FAA) granting Parts Manufacturer Approval (PMA) for its Gogo Galileo HDX antenna. This approval, administered through Delta Engineering's FAA Organization Designation Authorization, enables Gogo to commence full-scale production and sales of the HDX system.

The electronically steered antenna (ESA) is specifically designed for business aviation, offering high-speed broadband connectivity up to 60Mbps through the Eutelsat OneWeb Low Earth Orbit satellite constellation. The system supports installations across more than thirty aircraft types, from small to heavy jets, executive airliners, and turboprops.

The HDX antenna features streamlined installation capabilities and can be either equipped on new aircraft or retrofitted during cabin upgrades. This development particularly benefits smaller cabin operators who can now access the same high-speed connectivity options previously available only to larger jets.

Gogo Inc (NASDAQ: GOGO), the leading global provider of broadband connectivity services for the business aviation market, has announced it will release its fourth quarter and full year 2024 financial results on March 14, 2025, before market opens.

The company has filed a 12b-25 Notice of Late Filing with the SEC, indicating it will not meet the March 3 deadline for filing its 2024 Form 10-K. This delay is attributed to the need for additional time to harmonize financial statements following the Satcom Direct acquisition. The company has been granted a 15-day extension to file the Form 10-K.

A conference call with financial analysts is scheduled for March 14, 2025, at 8:30 a.m. (ET), with both live webcast and replay options available on the company's investor website.

Gogo Business Aviation has unveiled its new brand identity following the acquisition of Satcom Direct. The unified company will simply be known as Gogo, combining the Gogo name with Satcom Direct's signature blue color. The rebranding reflects the company's mission to become the world's only multi-orbit, multi-band connectivity provider for business and military aviation customers.

Under the leadership of CEO Chris Moore, the company aims to provide seamless connectivity solutions for all aircraft sizes through a single source. The military/government division will maintain the SD Government brand, and the SD Data Center in Melbourne, FL will retain its name to preserve market familiarity. The new branding will be gradually implemented across all product platforms and marketing materials.

Gogo Business Aviation (NASDAQ: GOGO) | Satcom Direct has renewed its three-year preferred supplier agreement with Luxaviation Group for global connectivity solutions. The new agreement expands upon their initial 2021 partnership, now including access to Gogo Galileo phased array antennas and North American Air-to-Ground connectivity network.

The deal provides Luxaviation customers with access to SD's hardware, including the SD Plane Simple terminal series, Software-as-a-Service applications, and 24/7/365 customer support. Customers will also benefit from connectivity supported by Gogo Galileo half-duplex, HDX, and full-duplex FDX phased array terminals.

Gogo|Satcom Direct offers multi-orbit connectivity through partnerships with major satellite operators including Intelsat, Viasat, and Eutelsat OneWeb, providing primary, backup, or supplemental service through GEO, LEO, or ATG technologies.

Gogo Business Aviation (NASDAQ: GOGO) has announced a Memorandum of Understanding (MoU) with Airbus to enhance connectivity solutions for Airbus Corporate Jets (ACJ) operators. The partnership will integrate Gogo's Air-to-Ground (ATG) and Galileo satellite connectivity solutions into Airbus' ACJ Connect Link platform.

The agreement includes retrofit options for ATG and Gogo Galileo Half Duplex (HDX) and Full Duplex (FDX) terminals across all ACJ types. The service will be powered by the Eutelsat OneWeb Low Earth Orbit constellation and includes Gogo's next-gen phased array antennas. The package offers comprehensive features including cybersecurity services, crew training, and 24/7/365 customer support.

Once certified and following final contract signature, Airbus will lead marketing and sales activities. The solution aims to provide ACJ operators with global, low-latency broadband service supporting various applications from internet and email to video conferencing and streaming services.

Gogo Inc. (NASDAQ: GOGO) has completed its acquisition of Satcom Direct (SD) for $375 million in cash and 5 million shares, with potential additional payments of up to $225 million based on performance thresholds. The transaction was funded with $250 million of debt and $150 million cash.

The deal creates the only multi-orbit, multi-band, in-flight connectivity provider serving business aviation and military/government markets. The company achieves immediate $18 million annual recurring cost savings, with expected total synergies of $25-30 million within two years.

Leadership changes include Chris Moore appointed as CEO, succeeding Oakleigh Thorne who becomes Executive Chair. The combined company expects 2024 pro forma revenue of $890 million, with Adjusted EBITDA Margin of 24% and Free Cash Flow exceeding $100 million.