Gogo Inc Stock Price, News & Analysis

On February 28, 2022, PlaneSense, Inc. announced the installation of Gogo Business Aviation's AVANCE L3 connectivity system across its fleet of Pilatus PC-12 aircraft. Currently, 32 out of 39 PC-12s and all PC-24 jets are equipped with the system. The AVANCE L3 enhances bandwidth and internet capability, improving flight productivity for clients. This initiative is part of PlaneSense's strategy to augment its value proposition and is expected to drive customer satisfaction, particularly for the fractional ownership program that completed over 37,300 missions in 2021.

Gogo Business Aviation (NASDAQ: GOGO) has achieved a significant milestone by obtaining Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the FAA for its multiband 5G aircraft antenna. This development is crucial for the anticipated launch of Gogo 5G services, projected for the second half of 2022. The 5G system, designed to support high-demand data services, aims to deliver average speeds of around 25 Mbps, peaking at 75-80 Mbps. Over 30 aircraft models are in line for STC certification, signifying a robust market opportunity for Gogo.

Gogo Inc. (NASDAQ: GOGO) will release its fourth quarter 2021 financial results on March 3, 2022, before market opening. The company, a leading provider of broadband services in the business aviation sector, will host a conference call for analysts at 8:30 a.m. ET on the same day. As of September 30, 2021, Gogo had 6,154 aircraft utilizing its ATG systems and 4,542 with satellite connectivity. The event will be accessible online via the company's investor relations website.

Airspan Networks and Gogo have successfully completed a seven-tower 5G testbed as part of Gogo’s nationwide 5G Air-to-Ground (ATG) network deployment. This network utilizes Airspan’s advanced 5G infrastructure, including OpenRANGE software and Massive MIMO antennas. The testbed will validate performance in diverse environments, with plans for a rapid rollout of more sites throughout 2022. Gogo reassures that its 5G network will operate on frequencies that avoid interference with aircraft systems, ensuring a robust connectivity solution for the aviation sector.

Gogo Business Aviation (NASDAQ: GOGO) has successfully completed the construction of its seven-tower 5G testbed by December 31, 2021, on time and within budget. This testbed will facilitate testing for Gogo's upcoming nationwide 150-tower network, aimed to be launched in the second half of 2022. The Gogo 5G service is projected to deliver average speeds of 25 Mbps with peaks reaching up to 80 Mbps. Additionally, the company announced Duncan Aviation is working on certifications for the onboard 5G system, with strong demand noted from its OEM partners.

Gogo Business Aviation's AVANCE L5 connectivity system has surpassed 500,000 flights since its launch in August 2017. The system is currently installed on over 1,500 aircraft, consuming 273.7 terabytes of data. In Q3 2021, flight counts rose 24% compared to pre-COVID levels in 2019, with a 78% increase in megabytes consumed daily. The AVANCE L5 system provides connectivity speeds of 2-7+ Mbps, enhancing customer experience for data-intensive activities like video conferencing. Gogo leads the business aviation broadband market.

Gogo Inc. reported strong financial results for Q3 2021, with total revenue of $87.2 million, a 31% increase year-over-year. Service revenue reached $66.2 million, up 24%, while equipment revenue hit $21.0 million, a remarkable 59% increase. The company also achieved a positive net income of $19.7 million, compared to a loss in Q3 2020. Gogo reaffirmed its 2021 revenue guidance, projecting a total between $325 million and $335 million.

Adjusted EBITDA was $40.8 million, and total cash increased to $133.2 million.

Gogo Business Aviation (NASDAQ: GOGO) addressed reports of federal discussions regarding potential 5G interference with aircraft radio altimeters. The FAA and FCC are concerned about the C-Band spectrum's impact on altimeters that operate in the 4.0 GHz - 4.2 GHz range. Gogo clarified that it does not use these frequencies and plans to operate its 5G network in the 800 MHz band and unlicensed spectrum (2.423 GHz – 2.475 GHz), ensuring no interference. Gogo remains the largest provider of broadband services in business aviation, with over 6,000 aircraft connected.

Gogo Business Aviation announced that its upcoming Gogo 5G service is expected to deliver an average speed of approximately 25 Mbps, with peak speeds ranging between 75-80 Mbps. President Sergio Aguirre stated that this upgrade will significantly enhance connectivity experiences compared to current speeds of 2-7+ Mbps. The rollout of the Gogo 5G network is on schedule for the second half of 2022, with Jet Edge as the launch customer. Gogo has been recognized for its customer satisfaction in the airborne connectivity sector, ranking first in seven of eight survey categories this year.