earnings
confidence high
sentiment positive
materiality 0.75
Gogo reports record Q2 revenue $97.8M (+19% YoY); net income $22M; raises FY guidance
Gogo Inc.
2022-Q2 EPS reported
$0.35
revenue$190,586,000
- Revenue $97.8M (record), up 19% YoY; service revenue $73.1M (+13%), equipment $24.8M (+41%).
- Net income from continuing ops $22.0M vs loss $66.4M YoY; diluted EPS $0.17.
- Adjusted EBITDA $41.2M (+12% YoY), includes $1.2M Global Broadband expenses.
- ATG aircraft online 6,654 (+10% YoY); AVANCE units 2,893 (+40% YoY); ARPU $3,328.
- Updated FY 2022 guidance: revenue at high end of $390-400M; Adj EBITDA at high end $150-160M; FCF $35-45M.