Gogo Inc. is a provider of in-flight broadband Internet service and other connectivity services for commercial and business aircraft. The Company's solutions integrate Gogo’s proprietary hardware and software on the aircraft with satellite and ground-based networks engineered to meet the needs of global aviation. Gogo supports aircraft operators globally with services ranging from installation and maintenance to monitoring and management of connectivity services. The Company also provides software platforms for an expanding suite of passenger and aircraft operator applications.

Company Growth (employees)
Type
Public
HQ
Chicago, US
Founded
2006
Size (employees)
1,183 (est)
Gogo was founded in 2006 and is headquartered in Chicago, US

Key People at Gogo

Michael Small

Michael Small

President & CEO
John Wade

John Wade

COO
Barry Rowan

Barry Rowan

EVP & CFO
Arbela Takhsh

Arbela Takhsh

SVP, Quality Assurance
Karen Jackson

Karen Jackson

SVP, Human Resources
Anand Chari

Anand Chari

EVP & CTO
Jon Cobin

Jon Cobin

EVP & Chief Commercial Officer
Margee Elias

Margee Elias

EVP & General Counsel

Gogo Office Locations

Gogo has offices in Chicago, Broomfield, Irvine, São Paulo and in 14 other locations
Chicago, US (HQ)
111 N Canal St
Irvine, US
MacArthur Blvd
Broomfield, US
105 Edgeview Dr
Show all (17)

Gogo Data and Metrics

Gogo Financial Metrics

Gogo's revenue was reported to be $596.6 m in FY, 2016 which is a 19% increase from the previous period.
USD

Revenue (FY, 2016)

596.6 m

Revenue growth (FY, 2015 - FY, 2016), %

19%

Net income (FY, 2016)

(124.5 m)

EBIT (FY, 2016)

(26.6 m)

Market capitalization (22-Aug-2017)

1 b

Cash (31-Dec-2016)

117.3 m

EV

1.7 b
Gogo's current market capitalization is $1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

328.1 m408.5 m500.9 m596.6 m

Revenue growth, %

24%23%19%

Sales and marketing expense

61.2 m

General and administrative expense

84.9 m

Operating expense total

146.1 m

EBIT

(44.7 m)(50.7 m)(44.8 m)(26.6 m)

EBIT margin, %

(14%)(12%)(9%)(4%)

Interest expense

29.3 m32.7 m58.9 m83.6 m

Interest income

64 k61 k181 k1.6 m

Pre tax profit

(110.2 m)(83.4 m)(106.4 m)(123.2 m)

Income tax expense

1.1 m1.2 m1.2 m1.3 m

Net Income

(111.3 m)(84.5 m)(107.6 m)(124.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

266.3 m211.2 m366.8 m117.3 m

Inventories

13.6 m21.9 m20.9 m50.3 m

Current Assets

322 m294.9 m468 m604.7 m

PP&E

265.6 m363.1 m434.5 m519.8 m

Goodwill

620 k620 k620 k620 k

Total Assets

689 m767.6 m1 b1.2 b

Accounts Payable

22.3 m41 m28.2 m31.7 m

Total Debt

800.7 m

Current Liabilities

110 m151.5 m197.6 m251.1 m

Non-Current Liabilities

308.8 m418.4 m740.6 m1 b

Total Liabilities

418.8 m569.9 m938.2 m1.3 b

Additional Paid-in Capital

871.3 m884.2 m861.2 m879.1 m

Retained Earnings

(600.7 m)(685.3 m)(792.9 m)(917.4 m)

Total Equity

270.2 m197.8 m66.2 m(40.4 m)

Debt to Equity Ratio

-19.8 x

Debt to Assets Ratio

0.6 x

Financial Leverage

2.6 x3.9 x15.2 x-30.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(111.3 m)(84.5 m)(107.6 m)(124.5 m)

Depreciation and Amortization

55.5 m64.5 m87 m105.6 m

Accounts Receivable

(1 m)(23 m)(22 m)(4.3 m)

Inventories

(1.5 m)(8.3 m)976 k(29.3 m)

Accounts Payable

2.3 m8.3 m(4.3 m)(3.1 m)

Cash From Operating Activities

17.8 m29 m104.9 m65 m

Purchases of PP&E

(105.2 m)(132.1 m)(135.2 m)(148.3 m)

Cash From Investing Activities

(135.1 m)(152 m)(153.3 m)(295.6 m)

Cash From Financing Activities

271.1 m68 m203.2 m201.1 m

Interest Paid

24.8 m29.7 m38.7 m27.5 m

Income Taxes Paid

261 k414 k446 k305 k
Y, 2016

EV/EBIT

-65 x

EV/CFO

26.7 x

Debt/Equity

-19.8 x

Debt/Assets

0.6 x

Financial Leverage

-30.9 x

Gogo Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Average Equipment Revenue per Satellite Unit Sold

$48 k$44 k$47 k$47 k$39 k$41 k$44 k$41 k$43 k$44 k$45 k$43 k$47 k

ARPA (Commercial Aviation - North America)

$9.2 k$9.99 k$10.13 k$10.06 k$11.19 k$11.32 k$11.3 k$11.3 k$11.14 k$11.48 k$11.15 k$11.39 k$11.79 k

Gross Passenger Opportunity (CA-NA)

74.67 m82.7 m82.97 m313.98 m74.38 m89.74 m95.6 m351.73 m90 m100.46 m108.35 m398.08 m95.61 m

ARPS (CA - NA)

$10.55$10.7$11.43$11.08$11.73$12.74$13$12.74$13.05$12.94$11.46$12.31$11.17

Connectivity Take Rate (CA - NA)

6.9%6.7%6.2%6.7%7.2%5.9%5.6%6.2%6.5%6.3%6.5%6.6%8.3%

Satellite Aircraft Online (Business Aviation)

5.25 k5.24 k5.32 k5.38 k5.4 k5.42 k5.43 k5.45 k5.49 k5.46 k5.47 k5.5 k5.51 k

ATG Aircraft Online (Business Aviation)

2.25 k2.42 k2.64 k2.8 k2.98 k3.17 k3.31 k3.48 k3.68 k3.8 k3.97 k4.17 k4.34 k

ARPA, ATG (BA)

$2.01 k$2.02 k$2.08 k$2.06 k$2.17 k$2.23 k$2.33 k$2.3 k$2.5 k$2.53 k$2.54 k$2.55 k$2.8 k

Satellite Units Sold

15311916456114315512356013310812647788

ATG Units Sold

241233243943234227224923202198165737189

Average Equipment Revenue per ATG Unit Sold

$64 k$63 k$53 k$59 k$55 k$55 k$54 k$55 k$57 k$55 k$54 k$57 k$56 k

ARPA, Satellite (BA)

$160$172$168$167$169$179$184$182$214$226$211$221$224

Aircraft Online (Commercial Aviation - North America)

2.06 k2.06 k2.04 k2.1 k2.2 k2.25 k2.31 k2.39 k2.5 k2.6 k2.63 k2.68 k2.71 k

Aircraft Online (CA - Rest of World)

85202237249256267281

Aircraft Equivalents (CA - RoW)

85130175196209196207

Aircraft equivalents (Commercial Aviation - North America)

2.1 k2.27 k2.51 k2.62 k2.66 k2.63 k2.77 k

ARPA (CA - RoW)

$10.55 k$11.61 k$12.07 k$14.54 k$13.22 k$16.81 k

Gogo Market Value History

Gogo Revenue Breakdown

Gogo Median Salaries

Source: 61 public H-1B filings from Gogo

Traffic Overview of Gogo

Gogo Online and Social Media Presence

Gogo Company Life and Culture

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