GOGO INC Reports 5.5% Year-on-Year Increase in Q2 Earnings for FY2023 at USD 103.2 Million
August 24, 2023
☀️Earnings Overview
GOGO INC ($NASDAQ:GOGO) reported a total revenue of USD 103.2 million for the quarter ending June 30 2023, with a 5.5% rise compared to the same period last year. Net income was an impressive USD 89.8 million, representing a more than fourfold increase from the USD 22.0 million reported in the previous year.
Analysis
GoodWhale has conducted an analysis of GOGO INC‘s wellbeing and the results show that GOGO INC is strong in profitability, but weak in other categories such as asset, dividend, and growth. According to the GoodWhale Star Chart, GOGO INC has an intermediate health score of 4/10, indicating that it might be able to successfully ride out any crisis without the risk of bankruptcy. Additionally, GOGO INC is classified as ‘rhino’, which is a designation for companies that have achieved moderate revenue or earnings growth. Therefore, GOGO INC may be an attractive investment option for those looking for moderate returns. Investors who like to take risks and are looking for higher returns may want to consider investing in a different company with a higher health score. On the other hand, those who prioritize stability may find GOGO INC to be a good option. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gogo Inc. More…
| Total Revenues | Net Income | Net Margin |
| 415.3 | 158.14 | 38.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gogo Inc. More…
| Operations | Investing | Financing |
| 93.31 | -26.55 | -133.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gogo Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.51 | 736.3 | 0.07 |
Key Ratios Snapshot
Some of the financial key ratios for Gogo Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.1% | 57.1% | 39.4% |
| FCF Margin | ROE | ROA |
| 12.0% | -259.3% | 13.7% |
Peers
The company offers in-flight connectivity and Internet services to commercial and business aviation markets. The company operates in three segments: Commercial Aviation, Business Aviation, and Commercial Aviation International. Gogo serves more than 2,000 commercial aircraft and 6,600 business aircraft worldwide. The company has a strong competitive position in the commercial aviation market with a market share of approximately 65%. The company’s main competitors in this market are Voice Mobility International Inc, ATN International Inc, and Intelsat SA.
– Voice Mobility International Inc ($TSXV:VMY.H)
Voice Mobility International Inc is a telecommunications company that provides VoIP and hosted PBX services to businesses and residential customers in Canada and the United States. The company has a market cap of 104.86k as of 2022 and a Return on Equity of 0.39%. The company’s VoIP services allow customers to make calls over the internet using a broadband connection instead of a traditional phone line. The company’s hosted PBX service provides a cloud-based phone system for businesses. The company’s services are designed to save customers money on their monthly phone bills.
– ATN International Inc ($NASDAQ:ATNI)
ATN International, Inc. is a holding company. The Company, through its subsidiaries, provides wireless and wireline voice, broadband data, and video services in the United States, Bermuda, Canada, the Caribbean, Europe, and India. It operates through four segments: ATN Canada, ION Media Networks, Reserve Power Group, and All Other Segments.
Summary
Investors are assessing GOGO INC‘s financial performance for FY2023 Q2 following the reported total revenue of USD 103.2 million, a 5.5% year-on-year increase, and net income of USD 89.8 million, more than double the same period last year. The stock price initially moved down on the news but may gain momentum as the company continues to deliver positive results. Analysts will be closely monitoring any potential impact on the underlying business of changing economic conditions and competitive pressures. In the near future, investors should be cautiously optimistic about the potential for GOGO INC to generate positive returns on their investments.
Related Posts
Recent Posts
