secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000950170-23-005061
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023005061/0000950170-23-005061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023005061/gogo-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer