secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000950170-24-121471
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q3 revenue up 3% to $100.5M, net income down 49%; raises 2024 Adj. EBITDA guidance
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- Total revenue $100.5M (+3% YoY); service revenue $81.9M (+3%); equipment revenue $18.7M (+1%).
- Net income $10.6M ($0.08 diluted EPS) vs $20.9M ($0.16) in Q3 2023; adjusted EBITDA $34.8M (-19% YoY).
- Raised 2024 adjusted EBITDA guidance to $120-$130M (prior $110-$125M) and FCF guidance to $55-$65M.
- Announced definitive acquisition of Satcom Direct; expects day-one accretion and net leverage target 2.5-3.5x within 1-2 years post-close.
- Textron Aviation and Wheels Up select Gogo Galileo HDX as factory option/fleetwide installation; installs expected mid-2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024121471/0000950170-24-121471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024121471/gogo-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121471

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