See more : Sonasoft Corporation (SSFT) 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 Service Business Growth Offers Upside Potential
Gogo's subscription business remains strong despite a decrease in share price and delays in 5G services. The company's service revenue grew 6% in Q3, with a strong gross margin. Demographic trends and a growing jet market provide upside potential for...
Gogo Inc. (GOGO) Q3 2023 Earnings Call Transcript
Gogo Inc. (NASDAQ:GOGO ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Will Davis - Vice President, Investor Relations Oakleigh Thorne - Chairman and CEO Jessi Betjemann - Executive Vice President and CFO Conference Call...
Here's What Key Metrics Tell Us About Gogo (GOGO) Q3 Earnings
Although the revenue and EPS for Gogo (GOGO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Gogo Announces Third Quarter Results
Updates 2023 Financial Guidance and Reiterates Long-Term Targets Total Revenue of $97.9 million, down 7% Year-over-Year; Record Third Quarter Service Revenue of $79.5 million, up 6% Year-over-Year Net Income of $20.9 million; Adjusted EBITDA (1) of $43.2 million BROOMFIELD, Colo....
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.
3 Stocks Likely to Ride High in the Ailing Wireless Industry
The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite chip shortages and raw material price volatility. TMUS, USM and GOGO are well poised to make the most of the current scenario.
Gogo Inc. to Report Third Quarter 2023 Financial Results on November 7, 2023
BROOMFIELD, Colo. , Oct. 19, 2023 /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 third quarter of 2023...
Gogo 5G Selected by Largest Canadian Fractional Operator AirSprint
Agreement Signifies First Canadian Customer to Commit to Gogo 5G Fleetwide with Options to Upgrade Midsize Aircraft with Gogo Galileo HDX LAS VEGAS , Oct. 17, 2023 /PRNewswire/ -- (NBAA-BACE, booth C9608) -- Gogo Business Aviation (NASDAQ: GOGO) today announced AirSprint Private...
Skyservice Business Aviation Receives Transport Canadian Certification for Gogo 5G on Bombardier Challenger 300 Series
MISSISSAUGA, ON and BROOMFIELD, Colo. , Oct. 3, 2023 /PRNewswire/ -- Skyservice Business Aviation, a North American leader in business aviation, in partnership with Gogo Business Aviation (NASDAQ: GOGO), has received Supplemental Type Certification (STC) approval from Transport Canada for...
Gogo AVANCE L5 with 5G Provisions Now Offered by Dassault Falcon Jet
BROOMFIELD, Colo. , Sept. 12, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) AVANCE L5 system with full Gogo 5G provisioning is now available to Dassault Falcon Jet Service Center customers for popular models of its Falcon business jets.
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