secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000950170-23-059797
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q3 revenue down 7% to $97.9M; cuts full-year revenue guidance to $390-400M
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- Record service revenue of $79.5M (+6% YoY); equipment revenue fell 39% to $18.4M.
- Net income $20.9M ($0.16 diluted EPS) vs $20.2M ($0.15) in Q3 2022.
- Adjusted EBITDA $43.2M; full-year Adj. EBITDA guided to high end of $150-160M.
- 2023 revenue guidance lowered to $390-400M from $410-420M on weaker equipment sales; capex reduced to $25-30M.
- Long-term targets reiterated: 15-17% revenue CAGR 2022-2027 and $150-200M FCF in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023059797/0000950170-23-059797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023059797/gogo-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059797

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