Gogo Q3 revenue record $105.3M (+21% YoY); raises 2022 guidance on revenue, EBITDA, FCF

Gogo Inc.

2022-Q3 EPS reported $0.50 revenue$295,904,000

Record service revenue $75.3M (+14% YoY); equipment revenue $30.1M (+43% YoY).
Net income from continuing ops $20.2M vs $19.7M; diluted EPS $0.15 vs $0.16.
Adjusted EBITDA $43.7M (+7% YoY); AVANCE shipments 388 units (+47% YoY).
2022 guidance raised: revenue $395-405M, Adj. EBITDA $165-170M, FCF $50-60M.
Cash & equivalents $152.2M; repurchased 1.5M shares for $18.4M in private transaction.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Gogo Inc. reported the third quarter ended September 30, 2022 results: revenue $105.3 million, net income $20.2 million, EPS $0.15. Guidance raised.

Period: the third quarter ended September 30, 2022
Revenue: $105.3 million
Net income: $20.2 million
EPS: $0.15
Guidance: raised
Result: reported results

Exact text from the filing

Davis Dave Mellin +1 917-519-6994 +1 303-301-3606 wdavis@gogoair.com pr@gogoair.com Gogo Announces Record Third Quarter Results and Raises 2022 Guidance Third Quarter Revenue of $105.3 million, up 21% Year-over-Year; Net Income from Continuing Operations of $20.2 million; and Adjusted EBITDA (1) of $43.7 million, up 7% Year-over-Year BROOMFIELD, CO - November 3, 2022 –

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Source: SEC EDGAR

accession 0000950170-22-021632

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