secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-022039
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q4 revenue down 10% to $97.8M; service revenue up 5% to record $80.9M
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- Net income of $14.5M (diluted EPS $0.11), down 48% vs Q4 2022; Adjusted EBITDA $35.1M down 24%.
- Record Q4 service revenue $80.9M (+5% YoY); equipment revenue $16.9M (-45% YoY); ARPU $3,387.
- ATG aircraft online 7,205 (+4% YoY); AVANCE AOL 3,976 (+21% YoY, 55% of total).
- Signed new 10-year connectivity agreement with NetJets; Gogo Galileo and Gogo 5G launches expected later 2024.
- FY 2024 guidance: revenue $410-425M, Adj. EBITDA $110-125M, FCF $20-40M; reiterates long-term FCF target $150-200M in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024022039/0000950170-24-022039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024022039/gogo-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022039

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