secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092726
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q2 revenue $102.1M (-1% YoY), record service revenue; lowers FY24 revenue guidance to $400-410M
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- Total revenue $102.1M (-1% YoY); service revenue record $81.9M (+4% YoY); equipment revenue $20.1M (-17% YoY).
- Net income $0.8M (diluted EPS $0.01) vs $89.8M in Q2 2023 (incl. $63.8M tax benefit); Adjusted EBITDA $30.4M (-31% YoY).
- Free Cash Flow $24.9M; repurchased 1.5M shares for $13M in Q2; over 3.1M shares for $28M in last three quarters.
- 2024 guidance: revenue lowered to $400-410M (from $410-425M); Adj. EBITDA maintained at high end of $110-125M; FCF raised to $35-55M (from $20-40M) incl. $40M FCC reimbursements.
- Long-term targets: 2025 FCF target ~$150M (from $150-200M); reiterate 15-17% CAGR revenue growth through 2028 and 40% Adj. EBITDA margin in 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024092726/0000950170-24-092726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024092726/gogo-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092726

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