Gogo completes Satcom Direct acquisition; provides audited financials showing $448M revenue in 2023

Gogo Inc.

Acquisition closed Dec 3, 2024; purchase agreement signed Sep 29, 2024 for undisclosed value.
Satcom 2023 revenue $447.6M, net income $39.6M; 2022 revenue $385.3M, net income $29.8M (both restated).
Satcom total assets $175.9M, long-term debt $63.1M, cash $3.1M as of Dec 31, 2023.
Audited financials include accounting method change and restatement to correct misstatements; pro forma combined financials also filed.
Satcom provides global satellite communications for business, military, and government aircraft.

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