See more : Vegano Foods Inc. (VAGNF) 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 Galileo European STC Portfolio Expanding
ALAMO Engineering to Develop EASA STC for Cessna Citation Latitude Midsize Jets GENEVA , May 28, 2024 /PRNewswire/ -- (EBACE, Booth I98) – Gogo Business Aviation (NASDAQ: GOGO) today announced it is partnering with ALAMO Engineering GmbH to develop a European...
Gogo Inc. (GOGO) Q1 2024 Earnings Call Transcript
Gogo Inc. (NASDAQ:GOGO ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants William Davis - Vice President-Investor Relations Oakleigh Thorne - Chairman & Chief Executive Officer Jessi Betjemann - Executive Vice President & Chief Financial...
Compared to Estimates, Gogo (GOGO) Q1 Earnings: A Look at Key Metrics
The headline numbers for Gogo (GOGO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gogo (GOGO) Beats Q1 Earnings and Revenue Estimates
Gogo (GOGO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.15 per share a year ago.
Gogo Announces First Quarter Results
Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year Q1 Net Income of $30.5 million; Adjusted EBITDA (1) of $43.3 million Updates 2024 Adjusted EBITDA Guidance and Reiterates Long-Term Targets...
Analysts Estimate Gogo (GOGO) to Report a Decline in Earnings: What to Look Out for
Gogo (GOGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024
BROOMFIELD, Colo. , April 18, 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 first quarter of 2024...
Gogo Secures FCC Regulatory Approval for Gogo Galileo Terminals
Remains on Track for Expected Commercial Launch Later This Year BROOMFIELD, Colo. , April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and...
GOGO to Transform In-Flight Connectivity for Business Aviation
GOGO announces the commercial launch of Gogo Galileo to transform in-flight connectivity for business aviation, particularly for small jets.
Gogo Galileo Global Broadband Coming to European Operators
Atlas Air Service AG to Develop EASA STC Portfolio for Cessna CitationJet Series of Light Jets and Embraer Phenom 300 BROOMFIELD, Colo. and BREMEN, Germany , April 1, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced it is partnering...
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