Aankondiging • Jun 15
Gogo Announces STC Approval To Install Gogo Galileo Connectivity On Dassault Falcon 7X/8X Gogo announced that its Gogo Galileo high performance connectivity system can now be installed on the Dassault Falcon 7X and 8X. Dassault Falcon Jet MRO has received Supplemental Type Certificates (STCs) from both the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for the Gogo Galileo HDX antenna. The Gogo Galileo system, powered by the Eutelsat OneWeb enterprise-grade low earth orbit (LEO) network, offers passengers and crew high-performance and reliable connectivity wherever they fly in the world. The HDX electronically steered antenna (ESA) provides a compact, lightweight, low power and high-performance solution with reliable speeds of up to 60 Mbps, optimized for light- to large-cabin aircraft. In addition to consistent, high-speed inflight internet performance, Gogo equipped aircraft have access to Gogo’s comprehensive suite of value-added services, including advanced cybersecurity protections and training, as well as industry-leading 24/7/365 global customer support in multiple languages. All of Gogo’s connectivity solutions are designed to protect privacy. Data retention is minimized and sensitive information is protected. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$4.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Wireless Telecom industry in Europe. Total loss to shareholders of 70% over the past three years. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.096 (vs US$0.091 in 1Q 2025) First quarter 2026 results: EPS: US$0.096 (up from US$0.091 in 1Q 2025). Revenue: US$226.3m (down 1.7% from 1Q 2025). Net income: US$13.1m (up 8.7% from 1Q 2025). Profit margin: 5.8% (up from 5.2% in 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 28
Gogo Inc. to Report Q1, 2026 Results on May 07, 2026 Gogo Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$4.19, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Wireless Telecom industry in Europe. Total loss to shareholders of 67% over the past three years. Aankondiging • Apr 17
Gogo Inc., Annual General Meeting, May 28, 2026 Gogo Inc., Annual General Meeting, May 28, 2026. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$5.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Wireless Telecom industry in Europe. Total loss to shareholders of 67% over the past three years. New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • Mar 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: US$0.097 (vs US$0.11 in FY 2024) Full year 2025 results: EPS: US$0.097 (down from US$0.11 in FY 2024). Revenue: US$910.5m (up 105% from FY 2024). Net income: US$12.9m (down 6.0% from FY 2024). Profit margin: 1.4% (down from 3.1% in FY 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 27
Gogo Inc. Provides Earnings Guidance for the Year 2026 Gogo Inc. provided earnings guidance for the year 2026. For the year, the company expects total revenue in the range of $905 million to $945 million, split ~80% service revenue and ~20% equipment revenue. Aankondiging • Feb 13
Gogo Inc. to Report Q4, 2025 Results on Feb 27, 2026 Gogo Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 27, 2026 Aankondiging • Feb 03
SD Government receives US Air Force Air Mobility Command T-1 certification for RO/RO TRASC capability for C-130 variants SD Government, (SDG) the division of Gogo has received US Air Force Air Mobility Command (AMC) T-1 certification for the Roll-on/Roll-off (RO/RO) Beyond Line of Sight (BLOS) Tactical Removeable Airborne Satellite Communications (TRASC) capability for C-130 aircraft. The T-1 certification will provide multiple satcom options, beginning with a Gogo Plane Simple Ku-band terminal, and subsequently expanding to offer a Gogo Plane Simple Ka-band terminal, and other network compatibilities to C-130 operators. The TRASC hatch is designed to match the outer mold line of the original Lockheed L-382 design for the C-130, making it suitable for all C-130 variants. Electromagnetic interference/electromagnetic compatibility testing has been completed on the C-130J – Block 6 and latest Block 8 standards – and legacy C-130H, for compatibility across the AMC fleet. The AMC T-1 Military Flight Release paves the way for sister commands and partner nations, including Japan, Australia, New Zealand, and others to implement the Roll-on/Roll-off capability immediately. Developed with R4 Integration Inc. (R4), specialists in airborne and ground systems engineering, the TRASC BLOS solution integrates a Gogo Plane Simple terminal within the Multi-Purpose Hatch System (MPHS) designed and patented by R4 to replace the existing C-130 standard forward escape hatch. The purpose-built housing has been optimized for installation in less than 30 minutes, enabling immediate plug-and-play global broadband capability from the airframe. C-130 variants requiring additional testing will benefit greatly from the AMC certification, as testing timelines and expenses will be reduced. In addition to the AMC fleet, the RO/RO TRASC system is ideal for Foreign Military Sales (FMS), Civilian Cargo Fleets, and international C-130 units as well as US Air Force Air Combat Command (ACC), Air Force Special Operations Command (AFSOC), US Marine Corps, US Navy, and the US Coast Guard. Aankondiging • Dec 31
Gogo Confirms Next-Generation Air-To-Ground 5G Now Launches Gogo has successfully completed flight testing and validation of its 5G air-to-ground (ATG) connectivity network for North American customers. The test team completed more than 30 hours of flying across almost 20 routes to confirm that the full capabilities of the first ever 5G tower network are ready to deliver high-speed, low-latency connectivity to operators flying in contiguous North America and Southern Canada in January 2026. The comprehensive test campaign optimized well-established techniques to confirm the network's resilience and potential. As the flight tests rolled out several trials, the 5G network delivered high-speed broadband speeds of more than 80Mbps download and 20Mbps upload which allowed streaming, and internet browsing simultaneously. With the network meeting and exceeding expectations, Gogo has onboarded its first paying customer, with a further 450 pre-provisioned aircraft poised to take advantage of the highly anticipated service in January of 2026 and onwards. To support rapid uptake of the system, 33 STCs covering all major aircraft types operating in the CONUS region have already been contracted, requiring only a minor upgrade, with 28 completed, and five more anticipated to be confirmed by the end of this year. In total, the 33 STCs unlock a market of over 7500 aircraft, and with a strong pipeline extending beyond pre-provisioned aircraft, this highlights clear momentum and growth well beyond the current pre-provisioned customers. Recent Insider Transactions • Dec 18
Executive Chairman recently bought US$907k worth of stock On the 12th of December, Oakleigh Thorne bought around 170k shares on-market at roughly US$5.34 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Oakleigh has been a buyer over the last 12 months, purchasing a net total of US$1.1m worth in shares. Aankondiging • Nov 26
SmartSky Networks Wins Patent Infringement Lawsuit Versus Gogo on All Claims After more than 3.5 years of litigation, an 8-person jury unanimously found that Gogo willfully infringed four patents held by SmartSky Networks for its invention of a reliable, high-speed inflight Air-to-Ground ('ATG') internet connectivity system that was the first to operate in the unlicensed radio frequency spectrum. The jury also upheld the validity of SmartSky's patents. The jury determined on Nov. 21, 2025, that SmartSky was owed approximately $22.7 million in past damages for Gogo's unlawful use of SmartSky's technology at the conclusion of a 5-day trial in U.S. District Court in Delaware. In addition to the $22.7 million reasonable royalty for past damages, SmartSky intends to seek enhanced damages based on the jury's willfulness finding, as well as a running royalty for Gogo's continuing infringements of SmartSky's " '639 patent" and its " '077 patent," which do not expire until 2033 and 2035, respectively. SmartSky originally sued Gogo for patent infringement in February 2022, in the US District Court in Delaware after Gogo began selling a product marketed as "Gogo 5G" that was covered by SmartSky's patents. Prior to that, Gogo had long held a dominant position for ATG connectivity in the business aviation marketplace through its exclusive federal license of 3 MHz of radio frequency spectrum. The jury unanimously agreed with SmartSky's argument that Gogo had willfully infringed upon each of the 7 patent claims at issue, which included infringement of 4 patents, in 3 families of patents issued by the US Patent and Trademark Office, which describe and claim an inflight ATG solution that operates using 60 MHz of unlicensed spectrum in the 2.4 GHz band. The jury explicitly rejected Gogo claims that the patents were invalid. Recent Insider Transactions • Nov 21
Independent Director recently bought US$779k worth of stock On the 17th of November, Charles Townsend bought around 110k shares on-market at roughly US$7.08 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$2.7m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$0.014 loss per share (vs US$0.083 profit in 3Q 2024) Third quarter 2025 results: US$0.014 loss per share (down from US$0.083 profit in 3Q 2024). Revenue: US$223.6m (up 122% from 3Q 2024). Net loss: US$1.93m (down 118% from profit in 3Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 06
Gogo Inc. Reiterates Earnings Guidance for the Year 2025 Gogo Inc. reiterated earnings guidance for the year 2025. For the period, the company reiterates total revenue at the high end of the previously guided range of $870 million to $910 million. Aankondiging • Nov 04
Gogo Begins Flight Testing Next-Generation Air-To-Ground Connectivity with 5G Chip and Gogo AVANCE LX5 and Gogo X3 Products Gogo has begun flight testing its next-generation 5G air-to-ground connectivity network for North American customers. Optimizing a Pilatus PC-24 trials platform, the test team is flying on alternate days during the campaign to fully test the potential of the unrestricted Gogo 5G ATG broadband access. Gogo's engineering and software teams expect to complete the comprehensive test and validation program in 40 to 50 hours of flight time over several weeks. The campaign is employing well-established trial techniques, beginning with simple procedures and culminating with fully loaded tests running multiple applications, including video calling, video streaming, and internet browsing, on multiple devices simultaneously. Flight tests are using Gogo towers in eastern Colorado and Nebraska, before moving on to connect with towers around Broomfield, Chicago, New York, Miami, and areas in between. On the ground, Gogo's engineers will monitor every flight while gathering data from across the 5G network and aircraft hardware platforms. The flight trials are anticipated to corroborate data gathered during months of ground testing and substantiate numerous performance models. The test program has already validated the 5G chip's functionality on the ground, following delivery of the new 5G chipset to Airspan, a provider of network deployment solutions and Gogo's 5G partner, in May. As soon as flight testing is complete, Gogo will lock in the 5G AVANCE software and apply to the Federal Aviation Administration (FAA) for the final minor change approvals for the Gogo AVANCE LX5 and Gogo X3 products, which have already been approved with the earlier 4G chip. With the approval granted, Gogo expects to achieve full service activation before the end of 2025, which will trigger client activation and revenue generation in First Quarter of 2026. Some 400 aircraft are already pre-provisioned for the new 5G service, a figure that's risen from 300 in the past three months. Aankondiging • Oct 25
Gogo Inc. Announces Departure of Michael Begler as Executive Vice President and Chief Operating Officer, Effective October 21, 2025 On October 21, 2025, Gogo Inc. announced the departure of Michael Begler, the Executive Vice President and Chief Operating Officer, effective October 21, 2025. Aankondiging • Oct 23
Gogo Inc. to Report Q3, 2025 Results on Nov 06, 2025 Gogo Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Aankondiging • Oct 06
Gogo Inc. Announces First Gogo Galileo Fdx Stc as Aloft Aeroarchitects Receives Approval Covering Boeing Business Jet Bbj737-Series Aircraft Gogo Inc. confirmed that the first Supplemental Type Certificate (STC) for the Gogo Galileo FDX terminal has been issued by the Federal Aviation Administration (FAA). Generated by ALOFT AeroArchitects, the inaugural certificate covers Boeing 737NG-based BBJ (Boeing Business Jets) 1 and BBJ2, and BBJ MAX models, and can be modified to support subsequent Boeing BBJ 737 STC variants. Gogo worked closely alongside the ALOFT engineering team to develop the STC. An initial Gogo Galileo FDX installation has already been completed on an undisclosed customer’s Boeing BBJ 737-700IGW that was previously without connectivity. Complementing the advanced technology terminal, Gogo’s FlightDeck® Freedom (FDF), datalink service has also been activated to support crew operations. FDF supports trip planning, flight tracking, automated real-time weather information, geo-notifications, security events, and other critical flight path data for improved situational awareness, enhancing operational efficiencies. Leveraging the full potential of the Eutelsat OneWeb low-earth orbit (LEO) satellite constellation, the FDX terminal supports global, high-speed broadband with up to 195Mbps download and 32Mbps upload speeds throughout the cabin. The Gogo Galileo FDX terminal is purpose-built for business aviation and optimised for super-midsize, long-range and executive airliner aircraft types. The terminal allows multiple passengers using multiple devices to simultaneously enjoy an at-home digital experience at altitude for improved productivity, enhanced entertainment, and increased data speeds. The second variant in the Gogo Galileo portfolio is now available to support the some 200 Boeing BBJ 737s in the global fleet that regularly fly international legs. Comprising just two line-replaceable units (LRUs), the full-duplex FDX, flat-panel, electronically steered antenna (ESA), and either an SDR Gateway or AVANCE router platform, installation is minimally invasive, resulting in reduced downtime. The software-driven architecture is future-proofed and optimized for rapid switching between satellites, as required to deliver uninterrupted broadband service. Subsequent approval from the European Aviation Safety Agency, EASA, is expected to follow later in 2025. Aankondiging • Oct 01
Gogo Plane Simple Ka-Band Tail Mount Antenna System Receives European Union Aviation Safety Agency (EASA) Supplemental Type Certification (STC) Approvals for Dassault Falcon 7X and 8X Aircraft Gogo announced that the Gogo Plane Simple Ka-band tail mount antenna system has received European Union Aviation Safety Agency (EASA) supplemental type certification (STC) approvals for Dassault Falcon 7X and 8X aircraft. Gogo worked with Dassault Falcon Jet in Le Bourget, France, to obtain the STC modification, which has already been installed on a privately owned Dassault Falcon 7X. The installation of the Plane Simple Ka-band terminal complements existing onboard L-Band and SwiftBroadband solutions to further bolster connectivity through the aircraft. The latest STC gives all Dassault Falcon 7X and 8X operators equipping airframes with the Plane Simple Ka-band terminal immediate access to global connectivity, powered by the Viasat next-generation Ka-band GX network. The constellation optimizes satellites and terminals designed with dual polarization capability, enabling on-the-ground broadband speeds at altitude. The high-performance solution allows multiple passengers using multiple devices to access video streaming, conferencing, email, voice calling, and multiple digital applications simultaneously. The Gogo Plane Simple Ka-band terminal is now available for installation through Dassault Falcon Jet and its Authorized Service Center (ASC) network. The EASA STC covers government, executive, and private aircraft, and it is expected that approvals from the Federal Aviation Administration (FAA), Transport Canada Civil Aviation (TCCA), and Brazil’s National Civil Aviation Agency (ANAC) will follow. The retrofit installation requires fitting just two line-replaceable units (LRUs) - the Plane Simple tail-mount antenna and the SDR Gateway router - and supports easy future upgrade pathways. Gogo is already receiving significant interest from operators in Europe and beyond, who are seeking to enhance aircraft connectivity capabilities with the Plane Simple Ka-band system. Aankondiging • Sep 26
Gogo Announces 5G ATG Will Match Digital Air-To-Ground Performance as Testing Advances Towards On-Wing Trials Gogo announced that it has reached the crucial final phases of terrestrial testing of its next-generation 5G air-to-ground (ATG) technology. So far, the results show that the 5G chip meets and exceeds anticipated performance speeds and network performance models, confirming that Gogo is one step closer to delivering never-before-seen ATG speeds to North American customers operating in the CONUS region. Customers subscribing to the new Gogo 5G service will receive reliable and cost-effective broadband connectivity that emulates the digital capabilities of at-home and office environments. Testing has evolved beyond virtual modeling and now utilizes the AVANCE LX5 platform, MB13 antennas, and associated software to establish stable connections, delivering peak speeds of up to 80 Mbps. The testing also demonstrates that the Gogo 5G chip is functioning as expected, and the high speeds and low latency easily support streaming, video conferencing, and data-hungry applications across multiple devices. Once terrestrial testing is complete, flight testing is expected to begin in early fourth quarter. Moore also anticipates market growth in the mil/gov sector. Customers also benefit from 24/7/365 support, numerous incentives for existing and new customers, and an array of value-added services. To support rapid uptake of the system, 33 STCs covering all major aircraft types operating in the CONUS region have already been contracted, with 28 completed, and five more anticipated to be confirmed by the end of fourth quarter. In addition, Gogo has line fit commitments with five OEMs for the 5G ATG service, with one already installing the MB-13 antennas with the AVANCE L5 4G line replaceable units, LRUs, on the assembly line today. These LRUs will simply need to be replaced with the AVANCE LX5 when the service is switched on. Installation of the Gogo 5G ATG solution is available through the extensive national Gogo MRO network and will take approximately two weeks, while an aircraft already equipped with an AVANCE LX5 LRU can be equipped in a shorter timeframe. Aankondiging • Sep 22
Gogo Announces EASA STC for Gogo Galileo HDX Antenna for Bombardier Global Aircraft, Granted to QCM Design Gogo announced that Switzerland-based QCM Design has received European Union Aviation Safety Agency (EASA) approval for a Gogo Galileo HDX Antenna Supplemental Type Certificate (STC). The QCM Design-developed STC supports retrofit installation for Bombardier Global 5000 and Global 6000 series aircraft. The STC, which was developed in collaboration with Germany’s ACC Columbia Jet Service, covers the Global Express, Global Express XRS, Global 5000, Global 6000, Global 6500 and Global 6500. As part of the STC process, ACC Columbia completed the first system installation on a Bombardier Global 5000 operated by Skyside, the Austria-based charter and aircraft management company. Skyside passengers are now benefitting from uninterrupted, global, high-speed consistent connectivity via the Eutelsat OneWeb LEO satellite network. The purpose-built for business aviation terminal enables seamless web browsing, video conferencing, streaming, email, and much more. The Skyside aircraft was modified with the Gogo AVANCE SCS platform in the summer of 2024, and with the addition of the Gogo Galileo HDX antenna, passengers will now enjoy a terrestrial-like digital experience in the air. QCM Design expects approval from other regulators, including the Federal Aviation Administration (FAA) and Transport Canada Civil Aviation (TCCA), will follow the initial EASA approval. The STC development builds on ACC Columbia’s existing relationship with Gogo. ACC Columbia was the first European MRO to install the Gogo Plane Simple Ku-band tail mount terminal on a Bombardier Global Express in Europe. Customers can now pre-order the installation for their Bombardier Global business jets from ACC Columbia at their Hanover and Cologne/Bonn airport facilities. Aankondiging • Sep 18
Gogo Galileo HDX STC Approved for Dassault Falcon 2000 Family Gogo announced that the Gogo Galileo HDX terminal has received Federal Aviation Administration (FAA) supplemental type certification (STC) approvals for the Dassault Falcon 2000 aircraft family. Dassault Falcon Jet in Little Rock, AR., worked closely with Gogo to obtain the STC modification, which is now available for installation from Dassault Falcon Jet and its Authorized Service Center (ASC) network. This is the first HDX STC for a Dassault Falcon business jet and enables versatile, consistent connectivity supported by convenient management and 24/7/365 global customer support. The aircraft OEM-developed modification paves the way for owners and operators of Falcon 2000 jets to enjoy the benefits of high-speed internet connection through all phases of flight. The resilient connectivity allows passengers to access various applications, including emailing, video conferencing, and internet surfing, from multiple devices simultaneously. Powered by Eutelsat OneWeb’s low-earth orbit (LEO) satellite constellation, the STC covers Falcon 2000EX, EX, EASy, DX, LX, LXS, and S government, executive, and private aircraft. The retrofit installation requires fitting just two line replaceable units (LRUs), the HDX antenna, and the AVANCE platform, enabling seamless upgrade pathways in the future. Gogo and Dassault anticipate that an STC for the Gogo Galileo HDX will be approved for the Dassault Falcon 7X type before the end of the year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.096 (vs US$0.007 in 2Q 2024) Second quarter 2025 results: EPS: US$0.096 (up from US$0.007 in 2Q 2024). Revenue: US$226.0m (up 122% from 2Q 2024). Net income: US$12.8m (up US$12.0m from 2Q 2024). Profit margin: 5.7% (up from 0.8% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 07
Gogo Inc. Increases Earnings Guidance for the Year 2025 Gogo Inc. increased earnings guidance for the year 2025. Total revenue at the high end of the previously guided range of $870 million to $910 million. Aankondiging • Jul 25
Gogo Inc. to Report Q2, 2025 Results on Aug 07, 2025 Gogo Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Aankondiging • Jul 09
Gogo Inc. Appoints General Michael Minihan to the Board On July 2, 2025, the Board of Directors of Gogo Inc. appointed General Michael Minihan to the Board, effective immediately. In connection with General Minihan's appointment, the Board has also resolved to increase the size of the Board to nine directors effective immediately, which it believes is currently an appropriate size for its effective functioning. General Minihan, age 58, is a retired four-star general in the United States Air Force. During his 34-year military career, General Minihan commanded at every level, culminating as Commander, Air Mobility Command. He led more than 110,000 Airmen and a fleet of 1,100 aircraft executing global missions. Previously, General Minihan served as Deputy Commander of U.S. Indo-Pacific Command, responsible for operations across a region spanning more than 40 nations and encompassing more than half the world's population and trade. A command pilot with over 3,400 flying hours in airlift and tanker aircraft, he also led squadrons, wings, and a deployed joint task force. In addition to serving on the Board, General Minihan is a senior advisor to the following private companies: Reliable Robotics Corporation; Beta Technologies Inc.; Radia, California Forever; Victory Venture Healthcare; Airspace Data; Elanah.AI; and Coulson Aviation USA. He is also a senior principal at Pallas Advisors, a member of the Senior Advisory Group for Paladin Capital Group, and an advisor to the Center for Asia-Pacific Strategy. General Minihan is Chairman of the Candy Bomber Foundation, a nonprofit dedicated to inspiring America's youth to pursue paths in STEM, aviation, and humanitarian service. General Minihan will serve as a Class III director and hold office until the Company's 2028 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier death, incapacity, resignation or removal. General Minihan has not been appointed to serve on any Board committee at this time. General Minihan, as a non-employee director, will receive the director compensation described in the Company's proxy statement on Schedule 14A filed with the Securities and Exchange Commission (the SEC") in connection with the 2025 annual meeting of stockholders. Aankondiging • May 09
Gogo Inc. Reiterates Earnings Guidance for the Year 2025 Gogo Inc. reiterates earnings guidance for the year 2025. For the year, the company expects total revenue to be in the range of $870 million to $910 million. Aankondiging • May 07
Gogo Inc. Receives Parts Manufacturer Approval from the Federal Aviation Administration for Its Gogo Galileo FDX Antenna Gogo has received PMA (Parts Manufacturer Approval) from the Federal Aviation Administration (FAA) for its Gogo Galileo FDX antenna. With PMA confirmed, the global Gogo dealer network is pushing ahead with Supplemental Type Certificate (STC) generation for super-midsize and larger aircraft types, as Gogo marks the next step toward full-scale production and sales of the FDX electronically steered antenna (ESA). Purpose-built for business aviation and designed for ease of installation, the FDX Electronically Steered Antenna (ESA) leverages the full potential of the Eutelsat OneWeb low-earth orbit (LEO) satellite constellation, supporting high-speed broadband with up to 195Mbps download and 32Mbps upload speeds throughout the cabin. Simple cabling connects the ESA to the Gogo AVANCE system and is optimized for aircraft carrying multiple passengers using multiple devices simultaneously. Gogo has achieved PMA for the Gogo Galileo FDX just a few weeks after reaching the same milestone for its HDX antenna, demonstrating its commitment to delivering world-class connectivity through optimized solutions to every size of business, VVIP, head of state and mil/gov aircraft. The antenna can be equipped onto new aircraft or retrofitted for cabin upgrades to deliver uninterrupted global connectivity. Installation is minimally invasive for reduced downtime, and the software-driven FDX is futureproofed and optimized for the rapid switching between satellites required to deliver consistent, uninterrupted, high-speed broadband service. Commercial service introduction is expected in late 2025. Aankondiging • May 01
Gogo Inc., Annual General Meeting, Jun 12, 2025 Gogo Inc., Annual General Meeting, Jun 12, 2025. Aankondiging • Apr 30
Gogo Confirms Outstanding Plane Simple Esa Flight Test Campaign Gogo has confirmed the exceptional performance of the Gogo Plane Simple Electronically Steered Antenna (ESA) following a series of flight tests. Gogo worked with MAG Aerospace, a premier innovator of defense technology, to rigorously test gate-to-gate continuous operations through all planned maneuvers, including standard taxi, take-off, and landing, as well as more challenging racetrack, figure-of-eight patterns, ascent/descent profiles, and hard bank movements up to 30 degrees. Abrupt power loss and muting were also trialed, with systems reconnecting immediately and automatically without the need for engineer intervention. The full-duplex ESA is being developed in conjunction with Gilat Satellite Networks Ltd. and is expected to support the demanding mission requirements of VVIP, head-of-state, government, and special missions operators by unlocking the full broadband potential of the Eutelsat OneWeb constellation. During the flight trials, the ESA maintained stable connections with the satellite network to support multi-device connectivity, enabling applications including streaming (Netflix, YouTube 8K), Teams video conferencing and messaging, WhatsApp video calls, email, corporate VPN access, and OneDrive usage simultaneously for multiple passengers. The test team used MAG Aerospace's versatile Universal Adapter Plate (UAP), a Federal Aviation Authority-certified turnkey radome system, to mount the ESA to a Cessna Caravan. The modular MAG satellite communications equipment saves customers time and money by enabling rapid upgrading of new antenna technologies into airborne SATCOM solutions without having to undergo costly recertification. Offered as a tailored system, the low-powered ESA is compatible with different radome types and profiles and is being evolved to support platforms ranging from single-engine ISR turboprops and long-range, large-cabin aircraft to executive airliners. Aankondiging • Apr 25
Gogo Inc. to Report Q1, 2025 Results on May 09, 2025 Gogo Inc. announced that they will report Q1, 2025 results Pre-Market on May 09, 2025 Aankondiging • Mar 20
Gogo Inc. Announces Gulfstream GV and Gulfstream G550 STC for Plane Simple Ka-Band Terminal Gogo Inc. has confirmed Supplemental Type Certificate (STC) approval by the Federal Aviation Administration (FAA) for its Plane Simple® Ka-band tail mount terminal for Gulfstream GV and Gulfstream G550 aircraft. This latest development marks another significant milestone in the Plane Simple antenna series rollout. Gulfstream Aerospace Corp. developed the STC at its Savannah, Georgia, headquarters in collaboration with Gogo. This adds to the existing Plane Simple Ka-band STCs already available on Gulfstream G650 and Gulfstream G650ER aircraft. The terminal optimizes the SD Modem Unit (SMU), which is integrated with the SD Gateway Router to distribute high-speed broadband to passenger and crew devices. The Ka-band hardware is available now for installation through authorized Gulfstream and Jet Aviation service centers. Work continues on an aftermarket STC for Gulfstream G500 and Gulfstream G600 models, with completion expected later in the year. Connecting with existing Viasat GX satellites powering the Jet ConneX service, the Ka-band antenna is the first terminal in business aviation built to optimize compatibility with Viasat next-generation GX satellites. These will transmit dual polarity signals, more than doubling the volume of data transmitted and received to deliver an enhanced connectivity experience supporting video conferences, streaming and increased network priority for business aviation users. Aankondiging • Mar 14
Gogo Inc. Provides Earnings Guidance for the Year 2025 Gogo Inc. provided earnings guidance for the year 2025. For the year, company expected total revenue in the range of $870 million to $910 million. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$8.44, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 29% over the past three years. Aankondiging • Dec 18
SmartSky Networks, LLC Files $1B+ Antitrust Lawsuit Against Gogo, Inc. and Gogo Business Aviation, LLC SmartSky Networks, LLC filed a comprehensive antitrust lawsuit against Gogo Inc. and Gogo Business Aviation, LLC ($GOGO) in the U.S. District Court for the Western District of North Carolina (Case 3:24-cv-01087), alleging illegal monopolistic practices in the air-to-ground (ATG) broadband inflight connectivity market for business aviation. The lawsuit alleges multiple violations of federal antitrust laws, including the Sherman Act and Clayton Act, as well as North Carolina state tort laws and the Unfair and Deceptive Trade Practices Act, claiming that Gogo engaged in predatory pricing, misleading advertising, and exclusive dealing agreements to maintain its monopoly position in the ATG market. SmartSky is pursuing this case to protect innovation as well as to seek justice for unfair business practices. The company's complaint contends that a systematic campaign of misinformation and exclusive dealing arrangements effectively blocked SmartSky's access to critical distribution channels and created insurmountable barriers to market entry, stifling the innovation and competition customers depend on. The lawsuit seeks substantial damages potentially exceeding $1 billion. The legal action aims to address the alleged harm to competition and consumers in the aviation connectivity market. This new Complaint is separate and apart from the Intellectual Property case (Case 1:22-cv-00266-JLH) SmartSky previously filed against Gogo in Delaware. The trial of that case is scheduled to begin in April, 2025. New Risk • Nov 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$8.89, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Wireless Telecom industry in Europe. Total loss to shareholders of 42% over the past three years. Aankondiging • Oct 17
Gogo Inc. to Report Q3, 2024 Results on Nov 05, 2024 Gogo Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 05, 2024 Aankondiging • Oct 01
Gogo Inc. (NasdaqGS:GOGO) agreed to acquire Satcom Direct, Inc. for approximately $640 million. Gogo Inc. (NasdaqGS:GOGO) agreed to acquire Satcom Direct, Inc. for approximately $640 million on September 29, 2024. A cash consideration of $375 million will be paid by Gogo Inc. The consideration consists of 5 million common equity of Gogo Inc. to be issued for common equity of Satcom Direct, Inc. Gogo Inc. will pay an $225 milllion as earnout payment in combination of cash and common equity. The transaction will be financed with a combination of cash-on-hand and $275 million in committed new debt. Morgan Stanley Senior Funding, Inc., BofA Securities and Deutsche Bank Securities Inc. provided financing commitments to support the acquisition.
Kirkland & Ellis LLP acted as a legal advisor to Gogo. Hogan Lovells US LLP acted as a legal advisor to Gogo. BofA Securities, Inc. acted as a financial advisor to Gogo. Morgan Stanley & Co. LLC acted as a financial advisor to Gogo. Haynes and Boone, LLP acted as a legal advisor to Satcom Direct. JPMorgan Chase & Co. (NYSE:JPM) acted as a financial advisor to Satcom Direct. New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$6.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total loss to shareholders of 48% over the past three years. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.007 (vs US$0.69 in 2Q 2023) Second quarter 2024 results: EPS: US$0.007 (down from US$0.69 in 2Q 2023). Revenue: US$102.1m (down 1.1% from 2Q 2023). Net income: US$839.0k (down 99% from 2Q 2023). Profit margin: 0.8% (down from 87% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Aankondiging • Aug 08
Gogo Inc. Updates Earnings Guidance for the Year 2024 Gogo Inc. updated earnings guidance for the year 2024. The company now expects total revenue in the range of $400 million to $410 million versus prior guidance of $410 million to $425 million. Aankondiging • Jul 24
Gogo Inc. Appoints Monte Koch, Chair Emeritus of the NBAA, to Board of Directors The Board of Directors of Gogo Inc. announced the appointment of Monte Koch as a member of the Board, effective July 17, 2024, expanding the Board from 9 to 10 directors. Mr. Koch is a private investor and a retired Partner of BDT & Company, a distinguished merchant bank managing over $20 billion in assets. Mr. Koch is Chair Emeritus of the National Business Aviation Association (NBAA), the leading trade association serving the business aviation community, following his tenure as a board member from 2005 to 2023, including serving his last two years as NBAA's Board Chair. Additionally, Mr. Koch serves as a Director of Choice Hotels International, a publicly traded company managing over 7,000 hotels worldwide. Earlier in his career, Mr. Koch co-founded and served on the board of Ten-X /Auction.com [1], the largest online marketplace for residential and commercial real estate in the U.S. He also had a 25-year career in investment banking, including roles as the Global Head of Real Estate Investment Banking at Deutsche Bank Securities, the U.S. investment banking and securities arm of German banking firm Deutsche Bank, as well as serving as its Chairman of Mergers and Acquisitions for the Americas. Mr. Koch graduated from The College of William & Mary with a Bachelor of Business Administration in management. Aankondiging • Jul 20
Gogo Inc. to Report Q2, 2024 Results on Aug 07, 2024 Gogo Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Aankondiging • Jun 27
Gogo Business Aviation Announces That More Than 1,000 Successful Avance System Software Updates Have Been Completed Globally Using Gogo's Over-The-Air Feature Gogo Business Aviation announced that more than 1,000 successful AVANCE system software updates have been completed globally using Gogo's over-the-air (OTA) feature. Consistent with the company's mission of driving efficiencies for operators, OTA replaces the USB kit method - requiring fleet operators to go plane to plane for each update - with a remote, hands-free process that can be deployed for all aircraft simultaneously. In addition to benefits like OTA, the AVANCE platform has been intentionally designed to provide easy upgrade paths to new technologies and networks, like Gogo Galileo, Gogo's Low Earth Orbit (LEO) satellite solution for global connectivity, and Gogo 5G for North American operators. As Gogo readies for the anticipated launch of its Gogo Galileo and Gogo 5G products, OTA will also expand to support antenna software updates. OTA was launched in conjunction with AVANCE software update v4.4 and has become the fastest-adopted software update in Gogo's 30-year history. Accessible at customer's fingertips in Gogo DASH - an app-based toolkit exclusively available to AVANCE customers - and when used with a Gogo Cloudport, slashes upgrade time by 83%. Current AVANCE customers can reference this step-by-step video for more information on using the Gogo DASH Equipment Maintenance app to upgrade their AVANCE platform software over the air, and can read this article for more information and OTA testimonials. New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Aankondiging • May 08
Gogo Inc. Provides Earnings Guidance for 2024 Gogo Inc. provided earnings guidance for 2024. For the year, the company expects total revenue in the range of $410 million to $425 million. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.16 in 1Q 2023) First quarter 2024 results: EPS: US$0.24 (up from US$0.16 in 1Q 2023). Revenue: US$104.3m (up 5.8% from 1Q 2023). Net income: US$30.5m (up 49% from 1Q 2023). Profit margin: 29% (up from 21% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Apr 28
Gogo Inc., Annual General Meeting, Jun 04, 2024 Gogo Inc., Annual General Meeting, Jun 04, 2024, at 09:00 US Mountain Standard Time. Agenda: To consider Election of two Class II directors to serve until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified; to consider a non-binding advisory vote approving 2023 executive compensation; to consider Approval of the 2024 Employee Stock Purchase Plan; to consider Approval of the 2024 Omnibus Equity Incentive Plan; to consider Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024; and to consider Transaction of any other business that may properly be brought before the Annual Meeting. Aankondiging • Apr 20
Gogo Inc. to Report Q1, 2024 Results on May 07, 2024 Gogo Inc. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Aankondiging • Apr 09
Gogo Secures FCC Regulatory Approval for Gogo Galileo Terminals Gogo Business Aviation announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft. The FCC Earth station in motion (ESIM) regulatory license grants Gogo the authority to commercialize and operate the terminals, which are integral to its Gogo Galileo low Earth orbit (LEO) global broadband service, on US-registered aircraft, and those registered in other countries within U.S. territory including territorial waters. Gogo expects to begin flight testing the HDX terminal this summer after it is installed on Gogo's Challenger 300 testbed. The HDX terminal remains on track to receive certification and commercially launch later this year. Track important milestones in the development of Gogo Galileo with Gogo's milestone tracker. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Director Michael Abad-Santos was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 19
Independent Director recently bought US$261k worth of stock On the 14th of March, Charles Townsend bought around 29k shares on-market at roughly US$9.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$2.4m. Insiders have collectively bought US$1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 06
Independent Director recently bought US$2.4m worth of stock On the 1st of March, Charles Townsend bought around 290k shares on-market at roughly US$8.32 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.7m more in shares than they have sold in the last 12 months. Aankondiging • Feb 29
Gogo Inc. Provides Earnings Guidance for the Year 2024 Gogo Inc. provided earnings guidance for the year 2024. The company expects total revenue in the range of $410 million to $425 million. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$1.12 (vs US$0.74 in FY 2022) Full year 2023 results: EPS: US$1.12 (up from US$0.74 in FY 2022). Revenue: US$397.6m (down 1.6% from FY 2022). Net income: US$145.7m (up 59% from FY 2022). Profit margin: 37% (up from 23% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Feb 16
Gogo Inc. to Report Q4, 2023 Results on Feb 28, 2024 Gogo Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$10.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total loss to shareholders of 33% over the past three years. Aankondiging • Jan 05
Gogo Business Aviation Announces Retirement of Robert H. Mundheim from Board of Directors Gogo Business Aviation announced that Mr. Robert H. Mundheim, a member of the Company's Board of Directors since 2012, retired from the Board on January 2. Mundheim served as Director of the Gogo Board for 11 years, sharing his wealth of experience as an internationally renowned attorney and corporate governance expert. Mundheim contributed significantly to Gogo's business success through his role on the board, his role as chair of the company's compensation committee, and as a member of its nominating and governance committee. Recent Insider Transactions • Dec 12
Insider recently sold US$479k worth of stock On the 7th of December, Karen Jackson sold around 47k shares on-market at roughly US$10.24 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$821k more than they bought in the last 12 months. Recent Insider Transactions • Nov 19
Insider recently sold US$343k worth of stock On the 15th of November, Karen Jackson sold around 33k shares on-market at roughly US$10.36 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Nov 08
Gogo Inc. Revises Revenue Guidance for the Full Year 2023 Gogo Inc. revised revenue guidance for the full year 2023. For the period, the company expected total revenue in the range of $390 million to $400 million, versus prior guidance in the range of $410 million to $420 million, driven predominantly by lower equipment revenue. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.16 (vs US$0.15 in 3Q 2022) Third quarter 2023 results: EPS: US$0.16 (up from US$0.15 in 3Q 2022). Revenue: US$97.9m (down 7.0% from 3Q 2022). Net income: US$20.9m (up 3.7% from 3Q 2022). Profit margin: 21% (up from 19% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Oct 20
Gogo Inc. to Report Q3, 2023 Results on Nov 07, 2023 Gogo Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Aankondiging • Sep 06
Gogo Inc. (NasdaqGS:GOGO) announces an Equity Buyback for $50 million worth of its shares. Gogo Inc. (NasdaqGS:GOGO) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The company does not expect to incur debt to fund the share repurchase program. The company had 128,697,082 shares of common stock outstanding as of August 3, 2023. Aankondiging • Aug 09
Gogo Inc. Revises Revenue Guidance for the Full Year 2023 Gogo Inc. revised revenue guidance for the full year 2023. For the period, the company expected total revenue to be in the range of $410 million to $420 million versus prior guidance in the range of $440 million to $455 million. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (38% net profit margin). Reported Earnings • Aug 07
Second quarter 2023 earnings released: EPS: US$0.69 (vs US$0.18 in 2Q 2022) Second quarter 2023 results: EPS: US$0.69 (up from US$0.18 in 2Q 2022). Revenue: US$103.2m (up 5.5% from 2Q 2022). Net income: US$89.8m (up 309% from 2Q 2022). Profit margin: 87% (up from 22% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$12.95, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Wireless Telecom industry in Europe. Total loss to shareholders of 20% over the past year. Aankondiging • Aug 04
Gogo Business Aviation Introduces Avance LX5 for Easy L5 Upgrade to Gogo 5G Connectivity Gogo Business Aviation introduced AVANCE LX5, a value-priced and easy box swap for AVANCE L5 owners to upgrade to Gogo 5G that eliminates the need to install a second Line Replaceable Unit (LRU) on their aircraft. Designed in the exact same form factor as the currently available AVANCE L5, LX5 is contained in a single box LRU, ideal for space-constrained customers, and houses the hardware and software necessary to leverage the full power of the Gogo 5G network, expected to deliver mean speeds of 25 Mbps, with peak speeds of 75-80 Mbps. Previously, an upgrade to Gogo 5G required the installation of two LRUs. For the more than 2,200 aircraft already equipped with AVANCE L5, an upgrade to Gogo fiveG will consist of a simple box swap and replacement of the DDA antennas with the new MB13 antennas. Gogo AVANCE LX5 is the next iteration of Gogo's transformative and AVANCE platform and will retail for approximately $141,500 MSRP. Gogo 5G is the unparalleled solution for high speed, low latency, high bandwidth and reliable nationwide Air-to-Ground (ATG) coverage, offering complete coverage in the United States and parts of Canada at launch, with additional expansion in Canada to be completed in 2024. For customers flying international missions, AVANCE LX5 also provides an easy upgrade path to new technologies and networks including Gogo's global Low Earth Orbit (LEO) broadband satellite solution, Gogo Galileo, launching in the second half of 2024. Aankondiging • Jul 23
Gogo Inc. to Report Q2, 2023 Results on Aug 07, 2023 Gogo Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2023 Aankondiging • May 04
Gogo Inc. Reiterates Revenue Guidance for 2023 Gogo Inc. reiterates revenue guidance for 2023. For the year, the company expects total revenue in the range of $440 million to $455 million. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$0.16 (vs US$0.20 in 1Q 2022) First quarter 2023 results: EPS: US$0.16 (down from US$0.20 in 1Q 2022). Revenue: US$98.6m (up 6.3% from 1Q 2022). Net income: US$20.4m (down 7.4% from 1Q 2022). Profit margin: 21% (down from 24% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Wireless Telecom industry in Europe. Board Change • Apr 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Mark Anderson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Mark Anderson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$0.75 (vs US$1.50 in FY 2021) Full year 2022 results: EPS: US$0.75 (down from US$1.50 in FY 2021). Revenue: US$404.1m (up 20% from FY 2021). Net income: US$92.1m (down 41% from FY 2021). Profit margin: 23% (down from 46% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Aankondiging • Feb 16
Gogo Inc. to Report Q4, 2022 Results on Feb 28, 2023 Gogo Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 28, 2023 Aankondiging • Jan 26
Gogo Inc.'S 5G Chip Passes Critical Review The chip needed for Gogo 5G recently passed a critical design review and is now in fabrication with delivery expected midyear. Gogo Business Aviation's 5G service is expected to launch commercially in the fourth quarter of 2023. Gogo 5G is expected to provide 25 Mbps on average, with peak speeds in the 75-80 Mbps range. It has been designed to deliver high throughput with very low latency to address the increasing demand for data-heavy interactive services like video conferencing, live TV and gaming. Gogo's AVANCE platform, with its multi-bearer capability and software-centric design, allows customers to future-proof their inflight connectivity investments, with easy upgrade paths to both Gogo 5G and Gogo's global Low-Earth Orbit (LEO) satellite-based product in the future. The first-article Supplemental Type Certification (STC) for the 5G belly-mounted MB13 antennas and the X3 (5G) LRU have been completed. That STC will be amended once the 5G chip becomes available. Gogo is working closely with each of the business aviation original equipment manufacturers and several authorized Gogo dealers to develop additional STCs that will cover more than 30 aircraft models in the aftermarket or from the factory. Customers who want Gogo 5G service can install the AVANCE L5 system with full 5G provisions and operate on Gogo's 4G network until the X3 LRU is available. Once the X3 is ready, it can be installed quickly and 5G service can begin immediately, saving downtime and expenses. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Mark Anderson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 