secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054472
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q1 revenue $104.3M (+6% YoY); net income $30.5M; raises 2024 EBITDA guidance
--------------------------------------------------------------------------------

- Total revenue $104.3M up 6% YoY; service revenue record $81.7M up 4%.
- Net income $30.5M ($0.23 diluted EPS) includes $9.9M unrealized gain from convertible note.
- Adjusted EBITDA $43.3M up 9% YoY; includes $2.6M Gogo Galileo expenses.
- 2024 adjusted EBITDA guidance raised to high end of $110M-$125M range; revenue guided $410M-$425M.
- Repurchased ~1.1M shares for $10.1M in Q1; additional 1.1M shares for $9.3M in April.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024054472/0000950170-24-054472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024054472/gogo-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054472

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