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Gogo Inc. - GOGO STOCK NEWS

Welcome to our dedicated page for Gogo news (Ticker: GOGO), a resource for investors and traders seeking the latest updates and insights on Gogo stock.

Gogo Inc. (NASDAQ: GOGO) is the world's largest provider of broadband connectivity services for the business aviation market. Headquartered in Broomfield, Colorado, Gogo offers a robust suite of smart cabin systems that integrate connectivity, in-flight entertainment, and voice solutions. These services are installed on thousands of business aircraft, ranging from turboprops to the largest global jets.

Gogo's business model primarily operates through two revenue streams: service revenue and equipment revenue. Service revenue comprises monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services. On the other hand, equipment revenue stems from the sale of Air-to-Ground (ATG) and narrowband satellite connectivity equipment, recognized when control of the equipment is transferred to Original Equipment Manufacturers (OEMs) and dealers.

Gogo has recently made significant strides in its 5G program. The AVANCE LX5 has received Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA). This approval paves the way for customer installations of the LX5, which is expected to deliver approximately 25 Mbps on average, with peak speeds reaching 75-80 Mbps. Moreover, Gogo's collaboration with NetJets will enable the upgrade of their U.S. and European fleets to Gogo's AVANCE L5, Gogo 5G, and Galileo, the company's Low Earth Orbit (LEO) broadband satellite service.

In the legal domain, Gogo recently secured a favorable ruling from the United States Court of Appeals for the Federal Circuit, which upheld a previous judgment denying SmartSky Networks' motion for a preliminary injunction against Gogo's 5G product. This enables Gogo to continue its operations without disruption.

Financially, Gogo has demonstrated consistent growth. As of March 31, 2024, Gogo reported 7,136 business aircraft flying with its broadband ATG systems onboard, 4,110 of which are equipped with a Gogo AVANCE L5 or L3 system, and 4,285 aircraft with narrowband satellite connectivity installed. The company’s strategic investments are expected to yield substantial free cash flow in the coming years, especially with the forthcoming launches of Gogo 5G and Galileo.

Gogo's commitment to innovation is further evidenced by its state-of-the-art virtual flight simulator, which accelerates the development of its 5G software. Additionally, Gogo Galileo has achieved end-to-end connectivity using the HDX antenna on the Eutelsat OneWeb LEO satellite network, positioning it for a commercial launch later this year.

Gogo's extensive network of authorized dealers, partnerships with leading OEMs, and robust technological advancements ensure that it remains at the forefront of the business aviation connectivity market. Whether it's through providing reliable Wi-Fi for business travelers or enhancing in-flight entertainment options, Gogo continues to deliver exceptional value to its customers and stakeholders.

News
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Gogo Inc. (NASDAQ: GOGO) announced strong Q1 2024 financial results, with total revenue of $104.3 million, a 6% increase year-over-year, and record service revenue of $81.7 million, up 4%. Net income was $30.5 million, a 49% increase from Q1 2023. The company repurchased shares and announced milestones for the Gogo Galileo launch. The 2024 guidance includes revenue of $410-425 million and Free Cash Flow of $20-40 million. Long-term targets project revenue growth of 15-17% from 2023-2028.

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Gogo Inc. will report its first-quarter 2024 financial results on May 7, 2024. The company, a leading provider of broadband connectivity services for the business aviation market, will host a conference call with financial analysts at 8:30 a.m. (ET) on the same day. Participants can join the call online or by dialing a specific number. A live webcast and replay will be available on the Investor Relations section of the company's website.
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Gogo Business Aviation (GOGO) receives FCC approval for Gogo Galileo HDX and FDX antenna terminals, paving the way for commercial launch later this year. The ESIM license allows Gogo to operate the terminals on US-registered aircraft and those in U.S. territory. Flight testing of HDX terminal to commence this summer on Gogo's Challenger 300 testbed.
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Gogo Business Aviation partners with Atlas Air Service AG to develop European STCs for Gogo Galileo HDX antenna, enabling global broadband service for Cessna CitationJet and Embraer Phenom 300, benefiting over 2,600 aircraft worldwide.
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Gogo Business Aviation (GOGO) achieves a significant milestone with the completion of end-to-end connectivity using the Gogo Galileo global broadband service on the Eutelsat OneWeb LEO satellite network. The company remains on track for a commercial launch later this year, revolutionizing business aviation inflight connectivity.
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Gogo Business Aviation (GOGO) is progressing with virtual flight simulation testing of its 5G software, aiming for a commercial launch later this year. Through advanced technology and proprietary data, Gogo is ensuring optimal performance and connectivity for its 5G service.
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Gogo Inc. announces 2024 financial guidance and updates long-term targets, with total revenue of $97.8 million, down 10% YoY, and record Q4 service revenue of $80.9 million, up 5% YoY. Q4 net income was $14.5 million, with adjusted EBITDA of $35.1 million. Full-year 2023 revenue decreased by 2% to $397.6 million, while service revenue increased by 7% to $318.0 million. Gogo plans to launch Gogo Galileo and Gogo 5G, aiming for long-term revenue growth of 15-17% from 2023-2028.
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Gogo Inc. (NASDAQ: GOGO) will release its Q4 2023 financial results on Feb 28, 2024. A conference call with financial analysts will follow at 8:30 a.m. (ET). Participants can join via webcast or phone.
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NetJets has reached an agreement with Gogo Business Aviation to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit broadband satellite service. The 10-year agreement gives NetJets the opportunity to upgrade its entire fleet of aircraft to the AVANCE platform, including 5G and Gogo's global LEO broadband satellite service, depending on the aircraft's mission. Gogo 5G and LEO satcom services are designed to deliver high throughput with very low latency to address the increased demand in data-heavy services and applications in use today, as well as emerging technologies in the future. Gogo Galileo offers two fuselage-mount antennas: HDX and FDX, designed to fit on any size business aircraft. The AVANCE platform has been intentionally designed to provide easy upgrade paths to new technologies and networks.
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Gogo Business Aviation (NASDAQ: GOGO) has been ranked as the No. 1 midsize company in Colorado and No. 3 overall in the 100 Best Places to Work in Colorado. This is the third consecutive year Gogo has been recognized as a top midsize workplace in Colorado. The company was also recognized on Built In's 100 Best Places to Work in the U.S. Gogo's Chief People Experience Officer, Karen Jackson, expressed humility and commitment to creating a thriving workplace for its team.
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FAQ

What is the current stock price of Gogo (GOGO)?

The current stock price of Gogo (GOGO) is $7.36 as of December 23, 2024.

What is the market cap of Gogo (GOGO)?

The market cap of Gogo (GOGO) is approximately 961.2M.

What services does Gogo Inc. provide?

Gogo Inc. offers broadband connectivity services, in-flight entertainment, and voice solutions for the business aviation market.

How does Gogo generate revenue?

Gogo generates revenue through monthly subscriptions and usage fees for its services, as well as the sale of ATG and satellite connectivity equipment.

What is the AVANCE LX5?

The AVANCE LX5 is a Gogo product that provides high-speed 5G connectivity for business aircraft. It recently received FAA certification.

What is Gogo 5G?

Gogo 5G is an advanced connectivity solution expected to provide approximately 25 Mbps on average, with peak speeds of 75-80 Mbps for business aviation.

What partnerships has Gogo recently established?

Gogo has partnered with NetJets to upgrade their aircraft with Gogo AVANCE L5, 5G, and Galileo services. It also collaborates with Hughes Network Systems for the Gogo Galileo HDX antenna.

What was the recent legal outcome for Gogo?

The United States Court of Appeals upheld a decision allowing Gogo to continue selling its 5G product, denying SmartSky Networks' motion for a preliminary injunction.

What is the significance of the Gogo Galileo service?

Gogo Galileo is a global broadband service that uses the Eutelsat OneWeb LEO satellite network, expected to revolutionize connectivity for business aircraft.

How many aircraft use Gogo's connectivity services?

As of March 31, 2024, 7,136 business aircraft are equipped with Gogo's broadband ATG systems, with 4,110 using the AVANCE L5 or L3 system and 4,285 using narrowband satellite connectivity.

What are Gogo's financial targets for the future?

Gogo aims for long-term revenue growth of 15-17% from 2023-2028 and expects substantial Free Cash Flow starting in 2025.

Where can I find more information about Gogo Inc.?

You can visit Gogo's official website at www.gogoair.com for more information and updates.

Gogo Inc.

Nasdaq:GOGO

GOGO Rankings

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961.23M
66.55M
28.19%
73.28%
15.17%
Telecom Services
Communications Services, Nec
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United States of America
BROOMFIELD