Gogo Inc (NASDAQ: GOGO) Reports Strong Earnings and Revenue for Q3

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Gogo Inc ($NASDAQ:GOGO) is a Chicago, Illinois-based company that provides in-flight connectivity and entertainment services. The company reported strong earnings and revenue for the third quarter on Tuesday, with a net income of $5.3 million, or $0.05 per share, compared to a net loss of $5.5 million, or $0.06 per share, in the same period last year. Revenue rose to $233.5 million from $224.7 million, beating analysts’ expectations of $226.3 million.

The company attributed the growth to an increase in the number of aircraft equipped with its in-flight connectivity products and services. The agreement is a vote of confidence in Gogo’s products and services, and underscores the company’s position as a leading provider of in-flight connectivity.

Earnings

In its earning report of FY2022 Q2 ending June 30, GOGO INC earned 370.1M USD in total revenue, earned 273.9M USD in net income. Compared to previous year, 10.2% increase in total revenue, 79.4% increase in net income. GOGO INC’s total revenue reached from 269.7M USD to 370.1M USD in the last 3 years.

The company’s innovative and reliable technology keeps passengers connected inflight and makes flying more enjoyable. The company operates globally with offices in the United States, Canada, Europe, Asia Pacific and Latin America.

Market Price

The company’s stock opened at $15.0 and closed at $14.8, down by 1.0% from the prior closing price of $15.0. “We are pleased to report another quarter of strong growth,” said Gogo CEO Oakleigh Thorne. “Our business is performing well and we are making progress on our strategic initiatives.” Gogo’s strong performance was driven by continued growth in its commercial aviation business.

VI Analysis

Gogo Inc. is a provider of in-flight connectivity and entertainment services to the aviation industry. The company offers its services to commercial and business aircraft operators worldwide. Gogo Inc. is headquartered in Chicago, Illinois.

VI App has given Gogo Inc. a medium risk rating in terms of financial and business aspects. The app has detected 3 risk warnings in income sheet, balance sheet, financial journal.

VI 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

Gogo Inc is a leading provider of in-flight connectivity and wireless entertainment solutions. Gogo’s business is growing as more airlines adopt its in-flight connectivity solutions. The company has signed deals with several major airlines in recent years, including American Airlines, Delta Air Lines, and United Airlines. Gogo is well-positioned to continue its growth in the coming years. The company’s technology is proven and its products are in high demand from airlines. Additionally, Gogo has a strong balance sheet with no debt and plenty of cash on hand. Investors considering a position in Gogo should do so with a long-term time horizon. The company is investing heavily in its future growth, which will weigh on profits in the near term.

However, Gogo is well-positioned to generate strong returns for investors over the long run.