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Gogo Inc   (GOGO)
Other Ticker:  
 
    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 
Price: $8.7900 $-0.24 -2.658%
Day's High: $9.16 Week Perf: -1.46 %
Day's Low: $ 8.66 30 Day Perf: -11.92 %
Volume (M): 1,259 52 Wk High: $ 17.94
Volume (M$): $ 11,063 52 Wk Avg: $12.28
Open: $8.99 52 Wk Low: $7.76



 Market Capitalization (Millions $) 1,149
 Shares Outstanding (Millions) 131
 Employees 862
 Revenues (TTM) (Millions $) 408
 Net Income (TTM) (Millions $) 159
 Cash Flow (TTM) (Millions $) -66
 Capital Exp. (TTM) (Millions $) 29

Gogo Inc
Gogo Inc is an internet technology company based in Chicago, Illinois, with additional offices in Broomfield, Colorado; Greenville, South Carolina; and London, United Kingdom. The company specializes in providing in-flight broadband internet connectivity for business and commercial aviation worldwide.

Gogo Inc was founded in 1991 as Aircell and was primarily focused on providing air-to-ground communication systems for business aviation. The company shifted its focus to in-flight internet services in 2008, after successfully securing regulatory approval for air-to-ground internet services.

Gogo's primary product offerings include Gogo Business Aviation, Gogo Commercial Aviation, and Gogo 2Ku. Gogo Business Aviation targets private jet owners and operators, while Gogo Commercial Aviation targets airlines and their passengers. Gogo 2Ku, the company's most advanced offering, is a satellite-based internet connectivity package, making it possible for passengers to access high-speed internet and stream live television in-flight.

The company's in-flight connectivity solutions are enabled through the use of cutting-edge wireless technologies, such as Ku and Ka band satellite technologies,4 GHz and 5 GHz Wi-Fi, and 3G and 4G cellular technologies.

Gogo Inc has a range of partnerships with major airlines, including American Airlines, Delta Air Lines, United Airlines, and Emirates Airways. The company has also been selected by the U.S. Federal Aviation Administration (FAA) to provide internet connectivity on government-owned aircraft.

In recent years, the company has faced stiff competition from other in-flight connectivity providers, including ViaSat, Panasonic Avionics, and Inmarsat. To remain competitive, the company has invested heavily in research and development, acquiring new technologies and upgrading its existing infrastructure to deliver faster and more reliable in-flight connectivity.

As of 2021, Gogo Inc has a workforce of over 1,000 employees and generated $422 million in revenue in 2020. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol GOGO.


   Company Address: 105 Edgeview Dr Broomfield 80021
   Company Phone Number: 301-3271   Stock Exchange / Ticker: NASDAQ GOGO
   


   

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Personnel Announcements

Gogo Business Aviation Bids Farewell to Long-Time Board Member Amidst Improved Financial Performance

Published Fri, Jan 5 2024 2:20 PM UTC



BROOMFIELD, Colo., Jan. 5, 2024 - Gogo Business Aviation (NASDAQ: GOGO) recently announced the retirement of Mr. Robert H. Mundheim, an esteemed member of the company's Board of Directors since 2012. Mundheim served as a dedicated Director, providing valuable input and guidance to the Gogo Board. His retirement, effective January 2, marks the end of an era for Gogo...

Gogo Inc

Gogo Inc Surprises with Profitability in Challenging Market, Despite Weak Revenue Performance in Q3 2023

Despite a weak revenue performance in the third quarter of 2023, Gogo Inc, a Communications Services industry player, managed to grow its earnings per share. This is an interesting fact that showcases the company's ability to generate profitability even in challenging market conditions.
In the third quarter of 2023, Gogo Inc saw its income per share surge by 6.67% to $0.16 per share. However, this positive development was counterbalanced by a drop in revenue of -6.997% to $97.95 million, on a year-on-year basis. The company's revenue decrease reflects a broader trend within the Communications Services industry during this particular period.

Gogo Inc

Gogo Inc's Remarkable Growth Amplified by $63.83 Million Tax Provisions, Doubling Earnings Per Share

Gogo Inc., a communications services company, has shown impressive growth and financial performance in the second quarter of the 2023 earnings season. The company's earnings per share (EPS) more than doubled by 294.12% to $0.67 per share compared to $0.17 in the previous year. Additionally, income per share increased by 346.67% to $0.15 per share.
The revenue of Gogo Inc. also experienced growth, rising by 5.504% to $103.22 million compared to $97.84 million in the same reporting season a year earlier. Sequentially, revenue surged by 4.69% from $98.60 million. This revenue growth is particularly noteworthy as many of the company's peers in the communications services industry have faced business declines during the same period.

Gogo Inc

Earnings Struggle, but Revenue Climbs: Gogo Inc Shows Brightening Financials in Q1 2023

Gogo Inc's first quarter results for 2023 have shown a return on asset (ROA) of 13.6%, which is a significant improvement from its negative average ROA of -6.4%. Despite the decrease in net income, the company has managed to improve its ROA when compared to the fourth quarter of 2022.
It should be noted that within the services sector, 16 other companies have a higher return on assets. However, Gogo Inc's overall ranking in terms of ROA has advanced to 173 in the Mar 31 2023 quarter, up from 564 in the fourth quarter of 2022.






 

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