AVANCE

Gogo Announces Fourth Quarter and 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
CFO, Internet, LTE, ATG, Classic, Go go, FCC, Risk, AVANCE, AOL, Free cash flow, Aviation, Form 10-K, Investment, Original equipment manufacturer, ID, Secure, Federal Communications Commission, ESG, Government, Adjustment, Annual report, Pandemic, Galileo Galilei, Climate change, Attention, ARPU, Capital expenditure, GAAP, NetJets, Chairperson, Infection, Public expenditure, Security (finance), Failure, Software, Cryptocurrency

BROOMFIELD, Colo., Feb. 28, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended December 31, 2023.

Key Points: 
  • Total Revenue of $97.8 million, down 10% Year-over-Year; Record Fourth Quarter Service Revenue of $80.9 million, up 5% Year-over-Year
    Q4 Net Income of $14.5 million; Adjusted EBITDA(1) of $35.1 million
    BROOMFIELD, Colo., Feb. 28, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended December 31, 2023.
  • Average Monthly Revenue per ATG aircraft online ("ARPU") of $3,387, compared to $3,370 in Q4 2022 and $3,373 in Q3 2023.
  • Cash provided by operating activities of $26.2 million in Q4 2023 decreased from $31.5 million in the prior year period.
  • Cash, cash equivalents and short-term investments totaled $139.0 million as of December 31, 2023 compared to $110.8 million as of September 30, 2023.

ICONIQ Impact Announces Grantees of $56M Collaborative Philanthropy Fund to Advance Long-Term Economic Mobility for Underserved Young People in the United States

Retrieved on: 
Thursday, February 15, 2024
Mental health, Caregiver, Poverty, Education, AVANCE, Culture, Parent, Learning, Stigma, COVID-19, Organization, ICONIQ, Black, Family, Knowledge, Student, Nursing

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Today, ICONIQ Impact—ICONIQ Capital's global platform for collaborative philanthropy—announced the 16 grantees of the Education & Economic Mobility Co-Lab. The Co-Lab is a $56 million philanthropic fund supporting organizations that are working to close the opportunity gap in the United States by: (1) providing more equitable career pathways for marginalized young people, (2) supporting mental health to spur academic and professional success, and (3) equipping underserved families with social, educational, and professional support.

Key Points: 
  • ICONIQ Impact's Education & Economic Mobility Co-Lab is supporting 16 organizations that are addressing the urgent challenges and persistent historical inequities that hinder economic mobility in the United States.
  • NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Today, ICONIQ Impact —ICONIQ Capital's global platform for collaborative philanthropy—announced the 16 grantees of the Education & Economic Mobility Co-Lab .
  • COVID-19 exacerbated these grave inequities, and it's against this backdrop that philanthropists in the ICONIQ Impact community came together to launch the Education & Economic Mobility Co-Lab.
  • Philanthropists interested in learning more about or providing additional funding for the Education & Economic Mobility Co-Lab should contact ICONIQ Impact at [email protected] .

NetJets Signs New Connectivity Agreement Extending 20-Year Relationship with Gogo

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Travel, AVANCE, LEO, NetJets, L3, GEO, SCS, Data-rate units, Gogo Business Aviation, FDX, Aircraft, HDX, Nightclub

BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service. NetJets Owners in Europe will also have the benefit of Gogo Galileo.

Key Points: 
  • NetJets to Install Gogo AVANCE, 5G, and Global Broadband
    BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service.
  • NetJets Owners in Europe will also have the benefit of Gogo Galileo.
  • "Gogo is excited to continue our long-term partnership with NetJets," said Sergio Aguirre, Gogo's president and chief operating officer.
  • Throughout the 20-plus year relationship with the worldwide leader in private aviation, Gogo has created features such as over-the-air software updates to address NetJets' specific operational needs while also providing services like Gogo Vision to improve the inflight connectivity experience.

NetJets Signs New Connectivity Agreement Extending 20-Year Relationship with Gogo

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Travel, AVANCE, LEO, NetJets, L3, GEO, SCS, Data-rate units, Gogo Business Aviation, FDX, Aircraft, HDX, Nightclub

BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service. NetJets Owners in Europe will also have the benefit of Gogo Galileo.

Key Points: 
  • NetJets to Install Gogo AVANCE, 5G, and Global Broadband
    BROOMFIELD, Colo., Feb. 7, 2024 /PRNewswire/ -- NetJets has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) that provides NetJets the ability to upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo, the company's Low Earth Orbit (LEO) broadband satellite service.
  • NetJets Owners in Europe will also have the benefit of Gogo Galileo.
  • "Gogo is excited to continue our long-term partnership with NetJets," said Sergio Aguirre, Gogo's president and chief operating officer.
  • Throughout the 20-plus year relationship with the worldwide leader in private aviation, Gogo has created features such as over-the-air software updates to address NetJets' specific operational needs while also providing services like Gogo Vision to improve the inflight connectivity experience.

Gogo Business Aviation's 5G Program Achieves Key Milestones

Retrieved on: 
Wednesday, December 20, 2023
Data-rate units, OEM, Cessna Citation Excel, GEO, LRU, ATG, AVANCE, LX5, STC, L5, PMA, Federal Aviation Administration

BROOMFIELD, Colo., Dec. 20, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) 5G program continues to gain momentum passing another critical milestone with the new AVANCE LX5 receiving Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA).

Key Points: 
  • BROOMFIELD, Colo., Dec. 20, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) 5G program continues to gain momentum passing another critical milestone with the new AVANCE LX5 receiving Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA).
  • "We built LX5 on the AVANCE platform as a smaller, single-box option to make the installation of Gogo 5G even easier for customers."
  • Customers can pre-provision for Gogo 5G today by installing the multi-band (MB13) 5G antennas and an AVANCE L5 LRU.
  • The L5 system will operate on the Gogo Biz 4G network until Gogo 5G launches, which is expected in the third quarter of 2024.

Gogo Business Aviation Releases Over-the-Air Software Updates Enhancing AVANCE with Industry-First Capability

Retrieved on: 
Tuesday, November 28, 2023
Cloud, Aircraft, AVANCE, Go go, OTA, Gogo Business Aviation, Software, Satellite navigation device

BROOMFIELD, Colo., Nov. 28, 2023 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced the release of over-the-air (OTA) software updates for its industry-leading Gogo AVANCE platform.

Key Points: 
  • BROOMFIELD, Colo., Nov. 28, 2023 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced the release of over-the-air (OTA) software updates for its industry-leading Gogo AVANCE platform.
  • Now, new and existing customers can update their AVANCE system software remotely through Gogo DASH – an app-based toolkit exclusively available to AVANCE customers – eliminating the need for additional downtime to perform manual software updates.
  • With the introduction of OTA, AVANCE software updates can now be deployed without physically touching the aircraft, significantly reducing the time required for important software updates, and vastly improving the efficiency and management of upgrading large fleets.
  • AVANCE customers can experience the ease of OTA software updates using a Cloudport connection via Gogo's secure digital content delivery network, Gogo Cloud, or via Terrestrial Modem (TM).

Gogo Announces Third Quarter Results

Retrieved on: 
Tuesday, November 7, 2023
Adjustment, Risk, AVANCE, Security (finance), ARPU, FCC, Federal Communications Commission Process Reform Act of 2013, Public expenditure, AOL, EBITDA, Secure, Original equipment manufacturer, GAAP, Free cash flow, Infection, Software, Aviation, Federal Communications Commission, Growth, ID, ATG, Annual report, Capital expenditure, Form 10-K, CFO, Pandemic, Regulation, Investment, Go go, LEO, Failure, Capital, Bookkeeping, Cryptocurrency, Video game, Rare-earth element, Renewable energy, Health insurance, Galileo Galilei

BROOMFIELD, Colo., Nov. 7, 2023 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended September 30, 2023.

Key Points: 
  • Total Revenue of $97.9 million, down 7% Year-over-Year; Record Third Quarter Service Revenue of $79.5 million, up 6% Year-over-Year
    Net Income of $20.9 million; Adjusted EBITDA(1) of $43.2 million
    BROOMFIELD, Colo., Nov. 7, 2023 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended September 30, 2023.
  • Adjusted EBITDA(1) of $43.2 million, which includes approximately $2.6 million of operating expenses related to Gogo Galileo, decreased 1% compared to Q3 2022 and 2% compared to Q2 2023.
  • Our guidance is underpinned by our strong outlook for our planned Gogo 5G and Gogo Galileo product launches, in an underpenetrated global market," said Jessi Betjemann, Executive Vice President and CFO.
  • These supplemental performance measures also provide another basis for comparing period-to-period results by excluding potential differences caused by non-operational and unusual or non-recurring items.

Gogo 5G Selected by Largest Canadian Fractional Operator AirSprint

Retrieved on: 
Tuesday, October 17, 2023
SCS, AirSprint, AVANCE, HDX, Aviation, Cessna CitationJet/M2, Gogo Business Aviation, ATG, L3, Data-rate units, LX5, LEO, Nightclub, Communications satellite, Go go, Embraer

LAS VEGAS, Oct. 17, 2023 /PRNewswire/ -- (NBAA-BACE, booth C9608) -- Gogo Business Aviation (NASDAQ: GOGO) today announced AirSprint Private Aviation, a leading Canadian fractional operator, will begin upgrading its Cessna Citation CJ3+ and Embraer aircraft to Gogo 5G—making it Gogo's first Canadian fleet customer.

Key Points: 
  • LAS VEGAS, Oct. 17, 2023 /PRNewswire/ -- (NBAA-BACE, booth C9608) -- Gogo Business Aviation (NASDAQ: GOGO) today announced AirSprint Private Aviation, a leading Canadian fractional operator, will begin upgrading its Cessna Citation CJ3+ and Embraer aircraft to Gogo 5G—making it Gogo's first Canadian fleet customer.
  • Expansion of the Gogo 5G network in Canada will add significantly more time for inflight connectivity for operators flying in or through the country.
  • "Coupled with Gogo's award-winning customer support, AirSprint customers will realize the superior performance of Gogo 5G on the industry's most reliable ATG network."
  • When coupled with Gogo 5G, customers will realize increased capacity and redundancy of coverage.

Bombardier, Duncan Aviation to Offer Gogo Business Aviation’s 5G Connectivity Upgrade on Select Bombardier Aircraft

Retrieved on: 
Monday, October 16, 2023
LRU, Duncan, Global Express, Lincoln Airport (Nebraska), Go go, Aviation, Bombardier Global Express, AVANCE, NBAA, STC, Challenger, Supplemental type certificate, Nightclub, Airline, Bombardier

Customers can now install 5G provisions, which include new MB-13 antennas, on new and in-service Global Express, Global Express XRS, Global 5000, Global 5500, Global 6000 and Global 6500 aircraft at Bombardier Service Centres worldwide and Duncan Aviation facilities in the U.S.

Key Points: 
  • Customers can now install 5G provisions, which include new MB-13 antennas, on new and in-service Global Express, Global Express XRS, Global 5000, Global 5500, Global 6000 and Global 6500 aircraft at Bombardier Service Centres worldwide and Duncan Aviation facilities in the U.S.
    MONTRÉAL, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Bombardier and Duncan Aviation today announced the upcoming introduction of Gogo Business Aviation’s 5G connectivity, with the installation of Gogo 5G Broadband System including the provisional installation of MB13 antennas in Bombardier Global Express, Global Express XRS, Global 5000, Global 5500, Global 6000 and Global 6500 aircraft.
  • New customers, or those with AVANCE L5 onboard, will be able to install 5G-enabling MB13 antennas and associated installation kits using the Supplemental Type Certificate (STC) – developed jointly by Bombardier and Duncan Aviation – at all Bombardier Service Centers and at Duncan Aviation’s facilities throughout the United States.
  • “At Bombardier, we’re always striving to provide the best in-cabin experience for our customers.
  • “Duncan Aviation is proud to offer the most current In-Flight Connectivity Solutions for our customers,” said Ryan Huss, Duncan Aviation Vice President of Service Sales.

Gogo AVANCE L5 with 5G Provisions Now Offered by Dassault Falcon Jet

Retrieved on: 
Tuesday, September 12, 2023
Gogo Business Aviation, LRU, STC, AVANCE, Dassault Group, LX5, Nightclub, Mobile phone, Go go

BROOMFIELD, Colo., Sept. 12, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) AVANCE L5 system with full Gogo 5G provisioning is now available to Dassault Falcon Jet Service Center customers for popular models of its Falcon business jets.

Key Points: 
  • BROOMFIELD, Colo., Sept. 12, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) AVANCE L5 system with full Gogo 5G provisioning is now available to Dassault Falcon Jet Service Center customers for popular models of its Falcon business jets.
  • During 5G provisioning, aircraft will be installed with a Gogo AVANCE L5 system and two belly-mounted multiband (MB13) antennas.
  • Dassault will secure full Gogo 5G and AVANCE LX5 Supplemental Type Certifications (STCs) once the 5G service is available.
  • Gogo is offering significant savings up to $50,000 for customers looking to upgrade or install AVANCE L5 now in preparation for AVANCE LX5 and Gogo 5G availability.