Gogo reports record Q4 revenue $108.2M (+17% YoY); issues 2023 guidance and long-term targets

Gogo Inc.

2022-FY EPS reported $0.71 revenue$404,067,000

Q4 record revenue $108.2M (+17% YoY); Adj EBITDA $46.2M (+17%); net income $27.7M vs $209.1M prior year due to $187.7M tax benefit reversal.
Full year 2022 record revenue $404.1M (+20%); Adj EBITDA $173.8M (+15%); 390 AVANCE units shipped in Q4 (record); ATG online 6,935.
2023 guidance: revenue $440-455M; Adj EBITDA $150-160M; Free Cash Flow $80-90M. Long-term targets: revenue CAGR 17% through 2027; FCF >$200M by 2025.
ARPU $3,370 (+2% YoY); cash & short-term investments $175.3M. Gogo 5G launch expected Q4 2023; LEO Global Broadband in H2 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Gogo Inc. reported 2023 results: revenue $440 million to $455 million. Guidance initiated.

Period: 2023
Revenue: $440 million to $455 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Total revenue in the range of $440 million to $455 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Gogo Inc. reported the fourth quarter ended December 31, 2022 results: revenue $108.2 million, net income $27.7 million, EPS $0.21.

Period: the fourth quarter ended December 31, 2022
Revenue: $108.2 million
Net income: $27.7 million
EPS: $0.21
Result: reported results

Exact text from the filing

Record Fourth Quarter Revenue of $108.2 million, up 17% Year-over-Year; Net Income from Continuing Operations of $27.7 million; and Record Adjusted EBITDA (1) of $46.2 million, up 17% Year-over-Year

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Gogo Inc. reported the full-year ended December 31, 2022 results: revenue $404.1 million, net income $92.1 million.

Period: the full-year ended December 31, 2022
Revenue: $404.1 million
Net income: $92.1 million
Result: reported results

Exact text from the filing

Record Full Year Revenue of $404.1 million, up 20% Year-over-Year; Net Income from Continuing Operations of $92.1 million; and Adjusted EBITDA of $173.8 million

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Gogo Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-005061

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