Gogo Inc Stock Price, News & Analysis

Gogo Business Aviation (NASDAQ: GOGO) announced that its nationwide 5G network construction is now halfway complete, with the 75th site operational. The project remains on budget and is expected to launch in the second half of 2022. Gogo 5G aims to provide average speeds of ~25 Mbps, with peaks of 75-80 Mbps, catering to data-heavy services like video conferencing. The AVANCE platform will support future upgrades to Gogo 5G and Low-Earth Orbit (LEO) satellite connectivity. Gogo is collaborating with Duncan Aviation for Supplemental Type Certification for its onboard 5G hardware.

Gogo Inc. (NASDAQ: GOGO), a leading provider of broadband connectivity for business aviation, will announce its second quarter 2022 financial results on August 5, 2022, before market opening. A conference call for financial analysts is scheduled for the same day at 9:30 a.m. ET. Gogo's AVANCE L5 and L3 systems are installed on 2,699 business aircraft, with a total of 6,526 aircraft utilizing its ATG systems and 4,522 aircraft equipped with satellite connectivity as of March 30, 2022. For more information, visit Gogo's investor relations website.

Gogo Business Aviation (NASDAQ: GOGO) announced the launch of the first global broadband service in business aviation, utilizing an electronically steered antenna (ESA) on a low earth orbit (LEO) satellite network. This innovative service, in partnership with OneWeb and Hughes Network Systems, will offer a compact antenna suitable for various aircraft sizes, promising improved performance and low latency. Existing AVANCE customers will benefit from simplified installation. The service, available post-OneWeb network launch, aims to enhance connectivity for business jet operators globally.

Airspan Networks Holdings Inc. (MIMO) reported Q1 2022 revenue of $37.6 million, a 25% decrease from Q4 2021 and 18% year-over-year. Gross margin fell to 32.1% from 41.1% in Q4 2021. The company incurred a net loss of $29.7 million, worsening from $19.6 million in the previous quarter. Despite supply chain challenges, four major customers placed new orders, and Airspan continues to expand its 5G network solutions. The company projects Q2 2022 revenue between $44 million and $48 million at a gross margin of 38%-40%.

Gogo Inc. reported a strong first quarter for 2022, with revenues of $92.8 million, marking a 26% year-over-year increase. Net income from continuing operations rose to $22.2 million, compared to a net loss of $5.9 million in Q1 2021. Adjusted EBITDA also increased by 26% to $42.8 million. The company is on track for the commercial launch of its Gogo 5G network in the second half of 2022. Updated guidance estimates total revenue between $390 million and $400 million for the year, reflecting strong demand in business aviation.

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.