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) provides cutting-edge inflight connectivity solutions for business aviation, combining air-to-ground and satellite technologies. This page aggregates official announcements and market-moving developments for stakeholders tracking the company's progress.
Access curated press releases covering quarterly earnings, technology partnerships, and regulatory milestones. Investors will find updates on service expansions, equipment certifications, and strategic initiatives shaping the future of airborne connectivity.
All content is sourced directly from company filings and verified industry publications. Bookmark this page for efficient tracking of GOGO's advancements in smart cabin systems, 5G integration, and aviation broadband leadership.
Gogo Inc. (NASDAQ: GOGO), the leading broadband connectivity provider for business aviation, will announce its Q1 2022 financial results on May 5, 2022, before market open. A conference call for analysts is scheduled for the same day at 8:30 a.m. ET. Currently, Gogo's services are active on over 2,500 business aircraft utilizing its AVANCE L5 and L3 systems, with 6,400 aircraft using its ATG systems. Investors can access the live call or its replay through the company's Investor Relations website.
Gogo Inc. (GOGO) will be included in the S&P SmallCap 600 Index effective April 8, 2022, following the acquisition of SPX FLOW Inc. (FLOW) by Lone Star Funds. This index addition represents a significant change in the index composition, with Gogo replacing SPX FLOW, which will be removed from the index. Being part of the S&P SmallCap 600 can enhance Gogo's visibility and attract more investment interest, potentially impacting its stock performance positively.
Gogo Inc. (NASDAQ: GOGO) has announced the promotion of Sergio Aguirre to President and Chief Operating Officer, effective April 1, 2022. Aguirre, with over 30 years of aviation experience, will enhance the company's initiatives as a pure-play business aviation provider. The firm also revealed succession plans for retiring executives, including Margee Elias and Barry Rowan, with Jessica Betjemann set to succeed Rowan. Gogo's connectivity services cater to a wide range of business aircraft, supporting an extensive market base.
Gogo Business Aviation's AVANCE systems have achieved a milestone of 1 million flights since their launch in August 2017. The demand for connectivity in business aviation is increasing, with a 38% rise in data usage and a 29% increase in daily flights compared to pre-pandemic levels. The AVANCE platform, supporting a wide range of aircraft, offers speeds ranging from 2 to 7+ Mbps and is on track to launch 5G services in the second half of 2022, promising speeds of around 25 Mbps on average.
Gogo (NASDAQ: GOGO) reported record revenue of $92.3 million in Q4 2021, marking a 19% increase year-over-year. Service revenue reached $69.3 million, up 22%, while equipment revenue grew 11% to $23.0 million. The company achieved a net income of $209.1 million, driven by a tax benefit, compared to a loss in Q4 2020. Full-year revenue was $335.7 million, up 24% from 2020. Gogo expects 2022 revenue between $380 million and $395 million, with a long-term growth target of 15% CAGR through 2026.
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.
