See more : Popular, Inc. (BPOP) Income Statement Analysis – Financial Results
Complete financial analysis of Gogo Inc. (GOGO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gogo Inc., a leading company in the Telecommunications Services industry within the Communication Services sector.
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Gogo Inc. (GOGO)
About Gogo Inc.
Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services. It also offers suite of integrated equipment, network, and internet connectivity products and services, as well as includes suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. In addition, the company portfolio comprises of in-flight network, in-flight systems, in-flight services, aviation partner support, and production operations functions. Further, the company offers satellite-based voice and data services. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 397.58M | 404.07M | 335.72M | 269.72M | 835.73M | 893.76M | 699.09M | 596.55M | 500.89M | 408.49M | 328.12M | 233.52M | 160.16M | 94.66M | 36.84M |
| Cost of Revenue | 132.95M | 135.90M | 102.20M | 84.37M | 432.58M | 513.89M | 326.89M | 274.73M | 228.36M | 209.46M | 168.00M | 113.14M | 77.85M | 60.40M | 46.82M |
| Gross Profit | 264.63M | 268.17M | 233.52M | 185.35M | 403.15M | 379.88M | 372.20M | 321.82M | 272.53M | 199.03M | 160.13M | 120.38M | 82.31M | 34.26M | -9.98M |
| Gross Profit Ratio | 66.56% | 66.37% | 69.56% | 68.72% | 48.24% | 42.50% | 53.24% | 53.95% | 54.41% | 48.72% | 48.80% | 51.55% | 51.39% | 36.19% | -27.08% |
| Research & Development | 36.68M | 29.59M | 24.87M | 25.23M | 108.61M | 120.09M | 133.29M | 96.71M | 87.44M | 65.12M | 49.69M | 35.35M | 22.25M | 20.22M | 22.86M |
| General & Administrative | 57.28M | 58.20M | 51.55M | 54.47M | 89.84M | 94.27M | 93.67M | 84.93M | 86.75M | 81.50M | 69.00M | 49.05M | 36.10M | 36.38M | 28.34M |
| Selling & Marketing | 29.80M | 25.47M | 20.99M | 15.14M | 49.16M | 58.82M | 64.02M | 61.18M | 56.14M | 38.63M | 30.60M | 26.50M | 25.12M | 23.62M | 27.76M |
| SG&A | 87.08M | 83.67M | 72.54M | 69.60M | 139.00M | 153.09M | 157.69M | 146.10M | 142.90M | 120.13M | 99.60M | 75.55M | 61.22M | 60.01M | 56.10M |
| Other Expenses | 16.70M | 12.58M | 15.48M | 14.17M | 118.82M | -233.00K | -750.00K | 72.00K | -574.00K | -9.00K | -2.00K | -22.00K | 32.67M | 30.99M | 21.90M |
| Operating Expenses | 140.46M | 125.84M | 112.90M | 109.00M | 366.43M | 406.80M | 436.46M | 348.46M | 317.37M | 249.70M | 204.79M | 147.81M | 116.14M | 111.22M | 100.86M |
| Cost & Expenses | 273.41M | 261.74M | 215.09M | 193.37M | 799.00M | 920.69M | 763.35M | 623.19M | 545.73M | 459.16M | 372.79M | 260.95M | 193.98M | 171.62M | 147.68M |
| Interest Income | 7.40M | 2.39M | 191.00K | 722.00K | 4.21M | 4.29M | 2.96M | 1.64M | 181.00K | 61.00K | 64.00K | 77.00K | 72.00K | 98.00K | 214.00K |
| Interest Expense | 33.06M | 38.87M | 67.47M | 125.79M | 130.57M | 122.81M | 111.94M | 83.65M | 58.89M | 32.74M | 29.27M | 8.91M | 280.00K | 37.00K | 30.07M |
| Depreciation & Amortization | 16.70M | 12.58M | 15.48M | 14.17M | 16.69M | 133.62M | 145.49M | 105.64M | 87.04M | 64.45M | 55.51M | 36.91M | 32.67M | 30.99M | 21.90M |
| EBITDA | 140.87M | 157.17M | 52.31M | 90.52M | 113.22M | 91.10M | 83.44M | 66.10M | 39.55M | 13.83M | -25.40M | 14.14M | 57.62M | -79.09M | -90.30M |
| EBITDA Ratio | 35.43% | 38.90% | 40.59% | 33.83% | 19.43% | 12.39% | 11.94% | 13.66% | 8.35% | 3.39% | 3.32% | 4.08% | -0.67% | -48.46% | -240.82% |
| Operating Income | 124.17M | 142.33M | 120.63M | 76.35M | 36.72M | -26.92M | -64.26M | -26.64M | -44.84M | -50.67M | -44.67M | -27.44M | -33.82M | -76.96M | -110.84M |
| Operating Income Ratio | 31.23% | 35.22% | 35.93% | 28.31% | 4.39% | -3.01% | -9.19% | -4.47% | -8.95% | -12.40% | -13.61% | -11.75% | -21.12% | -81.30% | -300.84% |
| Total Other Income/Expenses | -26.56M | -36.61M | -151.27M | -125.06M | -184.47M | -138.40M | -109.73M | -96.55M | -61.53M | -32.69M | -65.52M | -4.24M | 58.49M | -33.16M | -31.43M |
| Income Before Tax | 97.60M | 105.72M | -30.64M | -48.71M | -145.00M | -165.32M | -173.99M | -123.19M | -106.38M | -83.36M | -110.18M | -31.68M | 24.67M | -110.12M | -142.27M |
| Income Before Tax Ratio | 24.55% | 26.16% | -9.13% | -18.06% | -17.35% | -18.50% | -24.89% | -20.65% | -21.24% | -20.41% | -33.58% | -13.57% | 15.40% | -116.33% | -386.15% |
| Income Tax Expense | -48.08M | 13.66M | -187.23M | -146.00K | 1.01M | -3.29M | -2.00M | 1.31M | 1.24M | 1.18M | 1.11M | 1.04M | 1.05M | 3.26M | 30.07M |
| Net Income | 145.68M | 92.06M | 152.74M | -48.56M | -146.00M | -162.03M | -172.00M | -124.51M | -107.61M | -84.54M | -111.29M | -32.71M | 23.62M | -113.38M | -142.27M |
| Net Income Ratio | 36.64% | 22.78% | 45.50% | -18.00% | -17.47% | -18.13% | -24.60% | -20.87% | -21.48% | -20.70% | -33.92% | -14.01% | 14.74% | -119.78% | -386.15% |
| EPS | 1.12 | 0.75 | 1.46 | -0.59 | -1.81 | -2.02 | -2.17 | -1.58 | -1.35 | -0.99 | -2.33 | -0.39 | -0.21 | -1.34 | -1.68 |
| EPS Diluted | 1.09 | 0.71 | 1.19 | -0.59 | -1.81 | -2.02 | -2.17 | -1.58 | -1.35 | -0.99 | -2.33 | -0.39 | -0.21 | -1.34 | -1.68 |
| Weighted Avg Shares Out | 129.75M | 123.27M | 103.40M | 82.27M | 80.77M | 80.04M | 79.41M | 78.92M | 79.70M | 85.15M | 47.83M | 84.92M | 84.92M | 84.92M | 84.92M |
| Weighted Avg Shares Out (Dil) | 133.28M | 133.92M | 127.21M | 82.27M | 80.77M | 80.04M | 79.41M | 78.92M | 79.70M | 85.15M | 47.83M | 84.92M | 84.92M | 84.92M | 84.92M |
Gogo Q2 2024: Well Positioned To Soar On Tailwinds
Gogo, Inc. revisited in light of Q2 earnings and SmartSky's closing. Gogo's service business continues to grow, demographic trends favor private jet ownership. Maintaining strong buy rating with price target of $13.10, downside risk from Starlink mitigated by competitor's closure.
Gogo (GOGO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Gogo (GOGO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Gogo (GOGO) Q2 Earnings and Revenues Surpass Estimates
Gogo (GOGO) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.20 per share a year ago.
Gogo Announces Second Quarter Results
Total Revenue of $102.1 million, down 1% Year-over-Year; Record Second Quarter Service Revenue of $81.9 million, up 4% Year-over-Year Q2 Net Income of $0.8 million; Adjusted EBITDA (1) of $30.4 million Updates 2024 Guidance and Long-Term Targets BROOMFIELD, Colo., Aug....
Gogo and Duncan Aviation Collaborate to Expand 5G STC Portfolio
Installation for Bombardier Learjet Series Aircraft STC Led by Duncan Aviation-Houston Satellite BROOMFIELD, Colo. , Aug. 1, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced a collaboration with Duncan Aviation to pursue a Supplemental Type Certificate (STC) from...
Gogo Appoints Monte Koch, Chair Emeritus of the NBAA, to Board of Directors
BROOMFIELD, Colo. , July 24, 2024 /PRNewswire/ -- The Board of Directors of Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company") today announced the appointment of Monte Koch as a member of the Board, effective July 17, 2024, expanding the...
Gogo Inc. to Report Second Quarter 2024 Financial Results on August 7, 2024
BROOMFIELD, Colo. , July 19, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the second quarter of 2024...
3 Wireless Stocks Likely to Profit From Healthy Demand Trends
The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite short-term headwinds and raw material price volatility. TMUS, T and GOGO are well poised to make the most of the current scenario.
Gogo AVANCE Operators Unlock New Efficiencies With Over-the-Air System Updates
OTA Successfully Used 1,000 Times; Slashing Software Upgrade Time by 83 Percent BROOMFIELD, Colo. , June 27, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that more than 1,000 successful AVANCE system software updates have been completed globally...
Skyservice Business Aviation Builds Gogo AVANCE Center of Excellence
Bombardier Challenger 300 series aircraft receive priority bookings MISSISSAUGA, ON , June 6, 2024 /PRNewswire/ - Skyservice Business Aviation ("Skyservice"), a North American leader in business aviation, will designate capacity at its Calgary, Toronto and Montreal locations for Gogo Business Aviation...
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