Gogo Inc Stock Price, News & Analysis

Cirrus Aircraft has chosen Gogo Business Aviation's AVANCE L3 system as a factory option for its new G2+ Vision Jet aircraft. This makes the G2+ the first personal jet to include Gogo's inflight connectivity service. Gogo’s AVANCE L3 enhances connectivity for smaller aircraft, allowing passengers access to email and web browsing. With more than 2,000 business aircraft equipped with GOGO systems, this partnership underscores the rising demand for inflight connectivity across various aircraft sizes.

Gogo Inc. (NASDAQ: GOGO), the leading provider of broadband connectivity for business aviation, will release its Q2 2021 financial results on August 5, 2021, prior to market opening. A conference call for analysts is scheduled for the same day at 8:30 a.m. ET. The company, which supports thousands of business aircraft, has over 2,000 planes using its AVANCE L5 or L3 systems. Gogo reported 5,892 aircraft with ATG systems and 4,614 with satellite connectivity as of March 31, 2021. Details and a live web cast will be available on their investor website.

Gogo Business Aviation has reached significant milestones in developing its 5G air-to-ground (ATG) network. The company installed its first two 5G antennas on a tower, initiating prototype testing for system performance. They successfully conducted flight tests for 5G belly-mounted antennas and established a connection between ground and onboard systems. Expected to launch in the second half of 2022, Gogo’s 5G network will enhance broadband services for business aviation across the United States.

Gogo Business Aviation (NASDAQ: GOGO) has reported that its AVANCE L5 and L3 inflight connectivity systems are now installed on 2,000 business aircraft. Since the first AVANCE L5 installation in October 2017, these systems have collectively flown nearly 600,000 flights, using 262.61 terabytes of data. The AVANCE L5 platform supports a 4G experience and will leverage Gogo's upcoming 5G network in 2022. Gogo's products are certified for virtually all aircraft types, underscoring its leadership in business aviation connectivity.

Gogo Inc. (NASDAQ: GOGO), the leading provider of broadband connectivity for business aviation, will participate in three upcoming virtual financial conferences. Oakleigh Thorne, Chairman and CEO, is scheduled for:

• J.P. Morgan 49th Annual Conference: May 25, 2021, 3:40 p.m.-4:15 p.m. EDT.
• William Blair 41st Annual Growth Stock Conference: June 2, 2021, 1:40 p.m.-2:10 p.m. EDT.
• Cowen 49th Annual Technology Conference: June 3, 2021, 4:30 p.m.-5:00 p.m. EDT.

Gogo’s systems are installed on thousands of business aircraft, with 1,900 using AVANCE technology.

Gogo Inc. (NASDAQ: GOGO) has appointed Gustavo Nader as Chief Strategy Officer and Melissa Hale as Senior Vice President of Product and Marketing, strengthening its leadership team. Nader brings 30 years of telecommunications experience, expected to enhance Gogo’s strategic planning and partnerships. Hale, with a rich aviation background, will align product and marketing efforts. These appointments aim to bolster Gogo's growth trajectory, particularly as it advances its 5G go-to-market strategy and enhances the AVANCE offerings.

Gogo Inc. (GOGO) announced its Q1 2021 financial results, reporting $73.9 million in total revenue, a 4% increase year-over-year. The net loss shrank to $5.9 million from $9.4 million in Q1 2020, with adjusted EBITDA rising 25% to $33.9 million. The company saw a 3% growth in total ATG aircraft online, reaching 5,892, and a notable 42% growth in AVANCE units. With a successful refinancing reducing debt by $385 million, Gogo has raised its 2021 revenue guidance to $310-$325 million.

Gogo (NASDAQ: GOGO) has launched the first unlimited streaming and data plan for business aviation, called Gogo Biz 4G Limitless. Priced at $9,995 per month, it offers comprehensive data services with no overage fees. This new plan addresses the growing demand for predictable billing and enables users to avoid unexpected charges. Additionally, Gogo introduced two new data plans, Gogo Biz 4G 20000 and Gogo Biz 4G 25000, priced at $5,650 and $6,495 per month respectively. These offerings aim to provide enhanced connectivity solutions for business aircraft.

Gogo Inc. (NASDAQ: GOGO) will announce its Q1 2021 financial results on May 6, 2021, prior to market opening. A conference call is scheduled for the same day at 8:30 a.m. ET. The company is recognized as the largest provider of broadband connectivity for the business aviation sector. As of December 31, 2020, Gogo had nearly 1,700 business aircraft using its AVANCE L5 or L3 systems, and 5,778 aircraft equipped with its ATG systems, alongside 4,702 aircraft with satellite connectivity.