Gogo Inc
NASDAQ:GOGO
Gogo Inc
Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company is headquartered in Broomfield, Colorado and currently employs 376 full-time employees. The company went IPO on 2013-06-21. The firm designs, builds and operates air-to-ground (ATG) networks, and engineers and maintains in-flight systems of hardware and software. The company offers its customers a suite of integrated equipment, network and Internet connectivity products and services, as well as global support capabilities. Its offerings include a customizable suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. The company offers products and services through a portfolio consisting of its in-flight network, in-flight systems, in-flight services, aviation partner support and production operations functions. Its AVANCE is a software-centric platform that enables it to offer a range of products and features and employ multiple spectrum frequencies and networks. The firm's end users are primarily aircraft owners/operators in the business aviation market.
Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company is headquartered in Broomfield, Colorado and currently employs 376 full-time employees. The company went IPO on 2013-06-21. The firm designs, builds and operates air-to-ground (ATG) networks, and engineers and maintains in-flight systems of hardware and software. The company offers its customers a suite of integrated equipment, network and Internet connectivity products and services, as well as global support capabilities. Its offerings include a customizable suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. The company offers products and services through a portfolio consisting of its in-flight network, in-flight systems, in-flight services, aviation partner support and production operations functions. Its AVANCE is a software-centric platform that enables it to offer a range of products and features and employ multiple spectrum frequencies and networks. The firm's end users are primarily aircraft owners/operators in the business aviation market.
Revenue: Q3 revenue was $224 million, in line with expectations, and management reiterated the high end of full-year guidance between $870 million and $910 million.
Product Momentum: Strong ramp in shipments and installations of new products including 5G, HDX, and FDX, with significant contract wins like VistaJet and Bombardier validating new technologies.
ATG Transition: Classic ATG fleet continues to decline, but upgrades to AVANCE and C1 are picking up ahead of the planned LTE cutover in May 2026.
Margins & Cash Flow: Adjusted EBITDA was $56.2 million (25% margin); free cash flow was $31 million for the quarter and $94 million year-to-date, both above plan. Q4 EBITDA is expected to decline due to investment timing and margin mix.
Military/Gov Growth: Military/government contracts are growing, with the segment expected to rise from 13% to 20% of total revenue over time, driven by long-term deals and new technology.
2025 Guidance: Company reiterated high end of outlook for revenue, EBITDA, and free cash flow, and expects investments in strategic initiatives to be lower than previously forecast.
