Gogo Inc. Denied SmartSky’s Request for a Preliminary Injunction

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Gogo Inc($NASDAQ:GOGO). has commented on the ruling that denied SmartSky’s request for a preliminary injunction. Gogo remains on track to launch its Gogo 5G service. “We are pleased with the Court’s decision denying SmartSky’s request for a preliminary injunction,” said Gogo’s CEO, Michael Small.

“This ruling clears the way for Gogo to continue to move forward with our 5G launch plans.” SmartSky had accused Gogo of infringing on its patents, but the Court found that Gogo did not infringe on any of SmartSky’s patents.

Share Price

Gogo Inc. has been in the news recently for mostly negative reasons. On Tuesday, the company’s stock opened at $12.0 and closed at $11.9, up by 1.7% from its last closing price of $11.7.

VI Analysis

A company’s fundamentals reflect its long term potential. The following analysis on GOGO INC is made simple by VI app. According to VI Star Chart GOGO INC is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate.

GOGO INC is strong in profitability, medium in growth and weak in asset, dividend. GOGO INC has an intermediate health score of 4/10 considering its cashflows and debt, might be able to safely ride out any crisis without the risk of bankruptcy.

Summary

Gogo Inc. denied SmartSky’s request for a preliminary injunction, which means that the latter company will not be able to prevent Gogo from using its technology. This is good news for Gogo, as it can continue to invest in and develop its own products without having to worry about legal action from SmartSky. However, the news is not all positive for Gogo, as the denial of the injunction indicates that SmartSky’s technology is likely superior to Gogo’s. This could mean that Gogo will eventually have to purchase or license SmartSky’s technology in order to stay competitive.