Gogo Reports Record Q4 EPS of $0.21, Surpassing Expectations by $0.06 in 2023.
March 1, 2023
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Gogo Inc ($NASDAQ:GOGO). recently reported their fourth-quarter financials, highlighting record earnings-per-share (EPS) of $0.21. This surpassed Wall Street estimates of $0.15 by an impressive $0.06. This marks the company’s most impressive quarter yet and sets a great precedent for the upcoming year. The company saw steady growth throughout all of 2023, finishing off the year with a bang as Q4 saw a 3% increase in EPS year over year. This has allowed the company to continue investing in their infrastructure and operations, expanding their reach and providing better service to their customers.
Moreover, Gogo Inc. has seen a healthy injection of new capital over the course of the last quarter, allowing them to take on additional projects and expand their operations even further. They have seen success in a number of key areas, including expanding their customer base and making innovative strides in their technology. In short, Gogo Inc. has had an outstanding fourth quarter in terms of both EPS and revenue, and they are well-positioned to continue their success moving forward into the new year. With strong financials, innovative technology solutions, and steady expansion in key areas, the future looks bright for Gogo Inc.
Market Price
G o g o I n c . s t o c k o p e n e d a t $ 1 4 . 4 % f r o m i t s p r e v i o u s c l o s i n g p r i c e o f $ 1 4 . 4 .
T h i s i m p r e s s i v e p e r f o r m a n c e w a s m e t w i t h m o s t l y n e g a t i v e m e d i a s e n t i m e n t , w h i c h w a s n o t s u r p r i s i n g g i v e n t h e c u r r e n t e c o n o m i c c l i m a t e . D e s p i t e t h i s , G o g o I n c ‘ s r e c o r d – b r e a k i n g e a r n i n g s h a v e c r e a t e d a r e n e w e d o p t i m i s m a m o n g i n v e s t o r s f o r t h e c o m p a n y ‘ s f u t u r e g r o w t h p r o s p e c t s. Live Quote…
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 |
| 388.2 | 283.1 | 64.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gogo Inc. More…
| Operations | Investing | Financing |
| 101.88 | -51.59 | -31.47 |
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 |
| 728.64 | 856.93 | -1.01 |
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 |
| -22.4% | 93.9% | 9.6% |
| FCF Margin | ROE | ROA |
| 14.8% | -62.3% | 11.7% |
Analysis
At GoodWhale, we have conducted an analysis of GOGO INC‘s financials and come to the conclusion that they are a medium risk investment. We have looked at all aspects of the company’s financials and business operations to make this determination. In addition to this overall rating, we have discovered three risk warnings in their income sheet, balance sheet, and financial journal. These warnings indicate that while the company may perform well in the short term, there is some risk present. To get full access to these warnings and more, become a registered user of GoodWhale. More…
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. reported record Q4 earnings per share (EPS) of $0.21 in 2023, surpassing market expectations by $0.06 and pushing the stock price up on the same day. Investor sentiment towards Gogo Inc. has become generally negative, but the strong earnings report is likely to be viewed as a positive sign, indicating that the company’s performance and outlook remain robust, despite current market challenges. Investors should take into account the company’s overall financial health when making decisions about Gogo Inc., as the stock could continue to be volatile in the near future. While Gogo Inc.’s recent results are encouraging, it is important to remember that past performance is not necessarily indicative of future returns.
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