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Gogo (GOGO)
NASDAQ:GOGO
Holding GOGO?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.11Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 15.11%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant progress in strategic initiatives, including the development and market anticipation of new products like Gogo Galileo and 5G. While there is excitement about future growth and a strong positive market response, current financial metrics show modest revenue growth and increased operational costs. The balance between these factors creates a mixed outlook.Company Guidance
In the Gogo Inc. Q3 2024 earnings call, the company provided an updated financial outlook and guidance. The total revenue for the quarter was $100.5 million, representing a 3% year-over-year increase. The company reported service revenue of $81.9 million, while equipment revenue stood at $18.7 million, with 214 AVANCE shipments. Total ATG Average Revenue Per User (ARPU) reached a record $3,497, up 4% from the previous year. Gogo anticipates its 2024 revenue to range between $400 million and $410 million, with adjusted EBITDA forecasted at $120 million to $130 million. The company expects free cash flow for 2024 to be between $55 million and $65 million. The acquisition of Satcom Direct is projected to close by the end of 2024, with anticipated revenue for the combined company in 2024 to be approximately $890 million and adjusted EBITDA margins around 24%. Over the long term, Gogo expects annual revenue growth in the 10% range for the combined company.Overall Demand and Data Usage Growth
Business aviation flights demand up 2% year-over-year and 30% from pre-COVID Q3 2019. Q3 data usage per hour increased 17% year-over-year and 106% from pre-COVID Q3 2019.
Strategic Product Development
Launch of Gogo Galileo Low-Earth-Orbit satellite and Gogo 5G product expected to reaccelerate growth. Both products are receiving positive customer responses.
AVANCE Units Growth
Total AVANCE units online grew 16% year-over-year to 4,379 aircraft, representing 62% of Gogo's ATG installed base.
Adjusted EBITDA Increase
Q3 EBITDA increased 14% sequentially due to lower legal fees.
Acquisition of Satcom Direct
Planned acquisition of Satcom Direct expected to augment growth, leveraging their strong sales and service organization.
Positive Customer and Market Response
Strong demand for the Gogo Galileo HDX product, with over 1,000 customers signing up for HDX webcast and 27 STC agreements signed.
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GOGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GOGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.55 | $8.53 | +30.23% |
| Aug 07, 2024 | $8.04 | $7.77 | -3.36% |
| May 07, 2024 | $9.41 | $10.00 | +6.27% |
| Feb 28, 2024 | $8.75 | $8.30 | -5.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gogo (GOGO) report earnings?
Gogo (GOGO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Gogo (GOGO) earnings time?
Gogo (GOGO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GOGO EPS forecast?
GOGO EPS forecast for the fiscal quarter 2024 (Q4) is $0.03.
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