OverviewSuggest Edit

Gogo is a provider of in-flight broadband internet service and other connectivity services for commercial and business aircraft. Its 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. The company supports aircraft operators globally with services ranging from installation and maintenance to monitoring and management of connectivity services. It also provides software platforms for an expanding suite of passenger and aircraft operator applications.

TypePublic
Founded2006
HQChicago, US
Websitegogoair.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)1,115(-3%)
Revenue (FY, 2019)$835.7 M(-6%)
Share Price (Oct 2020)$9.1 (+4%)
Cybersecurity ratingDMore

Key People/Management at Gogo

Oakleigh Thorne

Oakleigh Thorne

President & CEO
Sergio Aguirre

Sergio Aguirre

President, Business Aviation
John Wade

John Wade

President, Commercial Aviation
Mike Syverson

Mike Syverson

Senior Vice President, Technology and Operations
Andy Geist

Andy Geist

Senior Vice President
Barry Rowan

Barry Rowan

EVP & CFO
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Gogo Office Locations

Gogo has offices in Chicago and Broomfield
Chicago, US (HQ)
111 N Canal St
Broomfield, US
105 Edgeview Dr
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Gogo Financials and Metrics

Gogo Revenue

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Gogo's revenue was reported to be $835.73 m in FY, 2019 which is a 6.5% decrease from the previous period.
USD

Revenue (Q2, 2020)

96.6m

Gross profit (Q2, 2020)

39.0m

Gross profit margin (Q2, 2020), %

40.4%

Net income (Q2, 2020)

(86.0m)

EBIT (Q2, 2020)

(54.4m)

Market capitalization (29-Oct-2020)

777.1m

Closing stock price (29-Oct-2020)

9.1

Cash (30-Jun-2020)

156.3m

EV

1.8b
Gogo's current market capitalization is $777.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

699.1m893.8m835.7m

Revenue growth, %

28%(6%)

Cost of goods sold

326.9m513.9m432.6m

Gross profit

372.2m379.9m403.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

231.8m227.5m217.3m199.5m213.7m201.2m184.5m96.6m

Cost of goods sold

127.2m138.0m123.4m97.9m107.1m102.7m96.8m57.6m

Gross profit

104.6m89.5m93.8m101.7m106.6m98.5m87.7m39.0m

Gross profit Margin, %

45%39%43%51%50%49%48%40%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

196.4m184.2m170.0m

Accounts Receivable

117.9m134.3m101.4m

Prepaid Expenses

20.3m34.7m36.3m

Inventories

45.5m193.0m117.1m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(172.0m)(162.0m)(146.0m)

Depreciation and Amortization

145.5m133.6m118.8m

Inventories

4.7m(50.8m)29.1m

Accounts Payable

3.4m(3.9m)(4.1m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(27.4m)(64.6m)(102.3m)(16.8m)(100.8m)(123.7m)(84.8m)(170.8m)

Depreciation and Amortization

35.9m67.9m100.4m30.7m60.7m90.0m32.7m81.4m

Inventories

(12.3m)(6.2m)(37.5m)(1.1m)(5.3m)12.8m(6.0m)(12.9m)

Accounts Payable

11.8m9.3m5.6m2.8m5.7m993.0k16.4m25.7m
USDFY, 2017

EV/EBIT

-27.8 x

EV/CFO

29.6 x

Revenue/Employee

562.0k

Debt/Equity

-5.2 x

Debt/Assets

0.7 x

Financial Leverage

-7.3 x

P/E Ratio

(5.2)
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Gogo Operating Metrics

FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

ARPA (Commercial Aviation - North America)

$11.30 k$11.14 k$11.48 k$11.15 k$11.39 k$11.79 k$11.78 k$11.10 k

ATG Units Sold

923 202 198 165 737 189 197 210 831 250 281 296 1.06 k187 186 293 909 125 100

Annualized ARPA (Commercial Aviation - North America)

$140 k$103 k$113 k$114 k$111 k$126 k$136 k$112 k$122 k$99 k$37 k

Average Equipment Revenue per Satellite Unit Sold

$41 k$43 k$44 k$45 k$43 k$47 k$42 k$38 k$43 k$41 k$39 k$41 k$39 k$40 k$49 k$39 k$39 k$60 k$53 k
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Gogo Acquisitions / Subsidiaries

Company NameDateDeal Size
AC BidCo LLC
Gogo Air International GmbH
Gogo Air Mexico, S. de R.L. de C.V.
Gogo Air Pty. Ltd.
Gogo Brasil Participações Ltda.
Gogo Brasil Telecomunicações Ltda.
Gogo Business Aviation LLC
Gogo Connectivity Ltd.
Gogo Finance Co. Inc.
Gogo France SaS
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Gogo Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Gogo Revenue Breakdown

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Gogo revenue breakdown by business segment: 37.0% from Business Aviation, 17.8% from Commercial Aviation Rest of World and 45.2% from Commercial Aviation North America

Gogo Online and Social Media Presence

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Gogo News and Updates

Gogo Comments on U.S. Patent and Trademark Office Decision

Gogo Business Aviation today commented on the decision by the U.S. Patent and Trademark Office not to review U.S. Patent No. 9,312,947 ("the '947 patent") granted to SmartSky Networks, LLC. As previously, disclosed Gogo requested that the PTO examine the validity of the 947 patent

Gogo AVANCE L3 Factory Option for Pilatus PC-24 Super Versatile Jet

Pilatus has selected Gogo Business Aviation's AVANCE L3 system as a factory option on new production PC-24 aircraft, and has secured STCs for the PC-24 and the PC-12 NGX

Gogo AVANCE L3 Becomes Factory Option for Beechcraft King Air 360

Gogo Business Aviation's AVANCE L3 system has been selected by Textron Aviation as a factory option on new production Beechcraft King Air 360/360ER aircraft

Gogo Adopts Shareholder Rights Plan to Protect Valuable Tax Assets

Gogo today announced that its Board of Directors has adopted a Section 382 Rights Plan (the "Plan") to preserve and protect Gogo's ability to utilize its large net operating loss carryforwards ("NOLs") and other tax assets

Gogo and GTCR Comment on Investment by GTCR

Gogo Inc. today commented on the disclosure that certain affiliates of GTCR, a leading private equity firm, have acquired a 14.8% interest in Gogo's common stock

Intelsat buys Gogo commercial aviation business for $400 million

Commercial satellite operator Intelsat, still operating under Chapter 11 bankruptcy protection, is purchasing a large chunk of inflight connectivity provider Gogo’s business for $400 million. The acquisition, expected to close by the end of March, will make Intelsat about 50% larger by headcount, …
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Gogo Blogs

Gogo AVANCE L5 Achieves Milestone Flying on 1,000 Business Jets; AVANCE L3 Nears 450 Installations

L5 is Most Successfully Adopted High-Speed Inflight Wi-Fi System in Business Aviation History

Gogo Announces Further Personnel Actions in Response to COVID-19 Impact on Commercial Air Travel

Reducing Workforce in Response to Commercial Aviation Demand Trends

Gogo Now Providing Inflight Connectivity Beginning At 3,000 Feet

Lower Service Level Delivers Up To 15-20 Minutes Additional Connectivity Time On Many Flights

Gogo Business Aviation Showing Strong Recovery, Hits 3,000 Daily Flights

Recovery From COVID-19 Includes Increased Reactivations and Hundreds More Aircraft Back Online
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Gogo Frequently Asked Questions

  • When was Gogo founded?

    Gogo was founded in 2006.

  • Who are Gogo key executives?

    Gogo's key executives are Oakleigh Thorne, Sergio Aguirre and John Wade.

  • How many employees does Gogo have?

    Gogo has 1,115 employees.

  • What is Gogo revenue?

    Latest Gogo annual revenue is $835.7 m.

  • What is Gogo revenue per employee?

    Latest Gogo revenue per employee is $749.5 k.

  • Who are Gogo competitors?

    Competitors of Gogo include Thales, Collins Aerospace and Inmarsat.

  • Where is Gogo headquarters?

    Gogo headquarters is located at 111 N Canal St, Chicago.

  • Where are Gogo offices?

    Gogo has offices in Chicago and Broomfield.

  • How many offices does Gogo have?

    Gogo has 2 offices.