Gogo Q1 2023 Earnings Report

Gogo EPS Results

• Actual EPS: $0.15
• Consensus EPS: $0.13
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: $0.18

Gogo Revenue Results

• Actual Revenue: $98.60 million
• Expected Revenue: $101.26 million
• Beat/Miss: Missed by -$2.66 million
• YoY Revenue Growth: +6.30%

Gogo Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: Before Market Opens

Gogo (NASDAQ:GOGO), together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. The company offers voice and data, in-flight entertainment, and other services. In addition, it engages in the development, deployment, and operation of networks, towers, and data center infrastructure to support in-flight connectivity services, as well as in the provision of telecommunications connections to the internet. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado. As of May 2024, Gogo Inc. claims that "Gogo is the only company in North America with a complete, certified airborne 5G network, meaning that all components within the network (including onboard equipment) are 5G native."