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Last $20.21 USD
Change Today +0.14 / 0.70%
Volume 1.3M
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

gogo inc (GOGO) Snapshot

Open
$20.18
Previous Close
$20.07
Day High
$20.54
Day Low
$19.73
52 Week High
03/10/14 - $25.08
52 Week Low
05/9/14 - $11.66
Market Cap
1.7B
Average Volume 10 Days
2.4M
EPS TTM
$-0.99
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., through its subsidiaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates 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 provides 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 its ATG network and 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. The company was founded in 1991 and is headquartered in Itasca, Illinois.

891 Employees
Last Reported Date: 02/27/15
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
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $378.0K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2013.

gogo inc (GOGO) Key Developments

Gogo Mulls Acquisitions

Gogo Inc. (NasdaqGS:GOGO) intends to use the proceeds from the sale of notes to fund the cost of repurchasing shares of its common stock pursuant to the forward stock purchase transactions, to use the remaining net proceeds from the offering, as well as any proceeds from the sale of additional notes, from over allotment exercise, for working capital and other general corporate purposes, including costs associated with developing and launching its next-generation technology solutions and the acquisition of additional spectrum should it become available.

Gogo Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for Full Year Ending December 31, 2015

Gogo Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported record fourth quarter revenue of $109.2 million, up 18% yearoveryear, as service revenue for the quarter increased 29% to $89.7 million. CANA and BA combined segment profit for fourth quarter 2014 was a record $24.3 million, up 72% yearoveryear. Fourth quarter 2014 Adjusted EBITDA, which reflects the investment the company is making to grow CAROW business, was $1.2 million, up from negative $0.3 million in fourth quarter 2013. Cash CAPEX was $12.5 million, down 48% from $23.9 million in fourth quarter 2013, as a result of increased airborne equipment proceeds received from airline partners. Operating loss was $15,188,000, loss before income taxes of $23,882,000 against $14,407,000 and $21,886,000 respectively a year ago. Net loss attributable to common stock was $24,111,000 or $0.28 per basic and diluted share against $22,105,000 or $0.26 a year ago. Revenue for full year 2014 was a record $408.5 million, up 24% over 2013, as service revenue increased 29% to $322.7 million. CANA and BA combined segment profit of $89 million was also a record for the company. Gogo's combined CANA and BA segment profit was up 80% year over year. Adjusted EBITDA for 2014, which reflects the investment the company is making to grow CAROW business, was $10.8 million, up 29% from 2013. Cash CAPEX decreased to $97.9 million, down 6% from $104.3 million in 2013. Operating loss was $50,669,000, loss before income taxes of $83,355,000 against $44,667,000 and $110,182,000 respectively a year ago. Net loss attributable to common stock was $84,538,000 or $0.99 per basic and diluted share against $145,851,000 or $3.05 a year ago. For the full year ending December 31, 2015, the company provides the following guidance: Total revenue of $490 million to $510 million, growth of 20% 25% from 2014, Adjusted EBITDA of $15 million to $25 million, growth of 39% 131% from 2014 and Cash CAPEX of $100 million to $120 million.

Delta Air Lines Selects Gogo to Provide Next Generation In-Flight Connectivity Technologies on More Than 250 Aircraft

Gogo Inc. announced that Delta Air Lines has selected Gogo to outfit Delta's narrowbody aircraft serving long-haul domestic, Latin American and Caribbean routes with Gogo's next generation 2Ku technology. More than 250 aircraft in Delta's existing fleet are expected to be installed with Gogo's 2Ku technology. 2Ku service is also expected to be installed on new international aircraft when they enter the Delta fleet. Gogo expects to begin 2Ku installations by 2016 and will continue deploying new technologies to the fleet over several years. In addition to the 2Ku award, Delta will partner with Gogo in the launch of next generation air to ground technologies for short-haul domestic aircraft flying within the U.S. Gogo's 2Ku technology is expected to deliver peak speeds of 70 Mbps at launch, which is 20 times the bandwidth of its original air to ground technology. Gogo expects peak speeds of more than 100 Mbps as spotbeam Ku satellites become available. More bandwidth will offer Gogo the opportunity to go beyond passenger connectivity and work with Delta on the development of operational applications and services.

 

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Industry Analysis

GOGO

Industry Average

Valuation GOGO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.2x
Price/Book 8.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.9x
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