Gogo Q2 revenue $103.2M (+6% YoY); cuts FY revenue guidance to $410-420M

Gogo Inc.

2023-Q2 EPS reported $0.83 revenue$201,818,000

Revenue $103.2M (+6% YoY); record service revenue $79.1M (+8%).
Net income $89.8M includes $63.8M tax benefit; diluted EPS $0.67 ($0.48 from tax).
Adj EBITDA $44.1M (+7%); FY 2023 guidance unchanged at $150-160M.
FY revenue guidance cut to $410-420M from $440-455M; FCF guidance cut to $60-70M.
Long-term FCF target lowered to $150-200M in 2025 from >$200M; revenue CAGR now 15-17%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gogo Inc. reported the second quarter ended June 30, 2023 results: revenue $103.2 million, net income $89.8 million, EPS $0.67. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $103.2 million
Net income: $89.8 million
EPS: $0.67
Guidance: reaffirmed
Result: reported results

Exact text from the filing

+1 303-301-3606 wdavis@gogoair.com pr@gogoair.com Gogo Announces Second Quarter Results Updates 2023 Financial Guidance and Long-term targets Second Quarter Revenue of $103.2 million, up 6% Year-over-Year; Net Income of $89.8 million; and Adjusted EBITDA (1) of $44.1 million, up 7% Year-Over-Year BROOMFIELD, CO - August 7, 2023 – Gogo Inc. (NASDAQ: GOGO)

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accession 0000950170-23-039032

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