Last $16.48 USD
Change Today +0.045 / 0.27%
Volume 324.5K
GOGO On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

gogo inc (GOGO) Snapshot

Open
$16.28
Previous Close
$16.43
Day High
$16.68
Day Low
$16.28
52 Week High
12/27/13 - $27.40
52 Week Low
05/9/14 - $11.66
Market Cap
1.4B
Average Volume 10 Days
1.1M
EPS TTM
$-0.97
Shares Outstanding
85.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOGO INC (GOGO)

gogo inc (GOGO) Details

Gogo Inc. provides in-flight Internet connectivity and wireless in-cabin digital entertainment solutions in the United States and internationally. The company, through its proprietary air-to-ground (ATG) network and satellite-based technologies, offers a suite of connectivity solutions and other services, including passenger connectivity, passenger entertainment, and operations-oriented communications services, as well as advertising, e-commerce, content, and other offerings, such as destination-based event ticketing, flight tracker, and weather and travel sites. The company operates in three segments: Commercial Aviation North America; Commercial Aviation Rest of World; and Business Aviation. The Commercial Aviation North America segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The Commercial Aviation Rest of World segment intends to provide in-flight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and international flights of North American based commercial airlines. The Business Aviation segment provides equipment for in-flight connectivity along with voice and data services to the business aviation market. This segment’s services include Gogo Biz, an in-flight broadband service that utilizes both its ATG network and its ATG spectrum, and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves original equipment manufacturers of business aircraft; aftermarket dealers; and fractional jet operators, as well as government and military entities through a distribution network of independent certified dealers. As of December 31, 2013, the company had 2,032 commercial aircraft online and an additional 395 commercial aircraft under contract. The company was founded in 1991 and is headquartered in Itasca, Illinois.

720 Employees
Last Reported Date: 03/14/14
Founded in 1991

gogo inc (GOGO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $643.5K
Executive Chairman and Member of Nominating &...
Total Annual Compensation: $184.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $338.8K
Regional President
Total Annual Compensation: $268.8K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $378.0K
Compensation as of Fiscal Year 2013.

gogo inc (GOGO) Key Developments

Gogo Inc. Receives Supplemental Type Certificate from the FAA to Install Ku-Satellite Connectivity Service on Boeing 777-200ER Aircraft

Gogo Inc. has received an STC from the FAA to install its Ku-band satellite equipment on Boeing 777-200ER aircraft operated by Delta Air Lines. This is the sixth and final STC Gogo needs to complete installation of Ku-band satellite based connectivity service on Delta's international fleet; Gogo previously received FAA certification to install its Ku-band equipment on Boeing 757-200, 767-400, 747-400, 767-300 and Airbus A330 aircraft operated by Delta. Gogo expects to complete installations on Delta's international fleet in 2016. Gogo's Ku-band satellite connectivity service is currently available on more than 50 international aircraft operated by two airlines.

Gogo Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Full Year Ending on December 31, 2014

Gogo Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $104,035,000 compared to $85,379,000 a year ago. Operating loss was $15,283,000 compared to $10,898,000 a year ago. Loss before incomes taxes was $24,607,000 compared to $18,372,000 a year ago. Net loss was $24,899,000 compared to $18,718,000 a year ago. Net loss attributable to common stock was $24,899,000 or $0.29 per basic and diluted share compared to $18,718,000 or $0.22 per basic and diluted share a year ago. EBITDA was $1,768,000 compared to $2,768,000 a year ago. Adjusted EBITDA was $1,156,000 compared to $2,045,000 a year ago, down slightly as a result of increased investment in CA-ROW. Adjusted net loss was $24,899,000 or $0.29 per basic and diluted share compared to $18,718,000 or $0.22 per basic and diluted share a year ago. Cash CAPEX was $29,834,000 compared to $24,475,000 a year ago. Consolidated results include continued revenue and profitability growth in both the CA North America and BA segments and reflect the increased investment in CA Rest of the World of $19.04 million. For the nine months, total revenue was $299,258,000 compared to $235,570,000 a year ago. Operating loss was $35,481,000 compared to $30,260,000 a year ago. Loss before incomes taxes was $59,473,000 compared to $88,296,000 a year ago. Net loss was $60,427,000 compared to $89,184,000 a year ago. Net loss attributable to common stock was $60,427,000 or $0.71 per basic and diluted share compared to $123,746,000 or $3.48 per basic and diluted share a year ago. Net cash provided by operating activities was $18,860,000 compared to $2,572,000 a year ago. Purchases of property and equipment were $94,941,000 compared to $82,981,000 a year ago. EBITDA was $12,076,000 compared to LBITDA of $59,907,000 a year ago. Adjusted EBITDA was $9,594,000 compared to $8,684,000 a year ago. Adjusted net loss was $60,427,000 or $0.71 per basic and diluted share compared to $52,879,000 or $0.62 per basic and diluted per share a year ago. Cash CAPEX was $85,402,000 compared to $80,453,000 a year ago. For the full year ending on December 31, 2014, overall guidance for total revenue and adjusted EBITDA remains unchanged. The company expects total revenue of $400 million to $422 million and full year adjusted EBITDA at the low end of the range of $8 million to $18 million. It now expects cash CAPEX of $100 million to $120 million, down $5 million from previous guidance.

Gogo Receives STCs from the FAA to Install its Ku-Band Satellite Equipment

Gogo has received STCs from the FAA to install its Ku-band satellite equipment on Boeing 757-200 and 767-400 aircraft operated by Delta Air Lines. Gogo now has five STCs for its Ku-band satellite service on Delta's international fleet; Gogo previously received FAA certification to install its Ku-band equipment on Boeing 747-400, 767-300 and Airbus A330 aircraft operated by Delta. With the newly-issued STCs, Gogo is one STC away from having regulatory approval to install its Ku service on Delta's entire international fleet. Gogo expects to complete installations on Delta's international fleet in 2016. Gogo's Ku-band satellite connectivity service is currently available on 50 international aircraft operated by two airlines.

 

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GOGO

Industry Average

Valuation GOGO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 6.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.2x
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