Gogo Inc. - Understand $gogo stock

$GOGO Market Cap: $950.9 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$404.7M

TTM

Gross Margin

66.28%

TTM

Net Earnings

$56.43M

TTM

Current Assets

$347.4M

Q3 2024

Current Liabilities

$97.01M

Q3 2024

Current Ratio

358.11%

Q3 2024

Total Assets

$810.7M

Q3 2024

Total Liabilities

$758.0M

Q3 2024

Book Value

$52.72M

Q3 2024

Cash

$176.7M

Q3 2024

P/E

16.85

Nov 29, 2024 EST

Free Cash Flow

$84.35M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$397.6M	$404.1M	$335.7M	$269.7M	$309.0M	$290.2M	$699.1M	$596.6M	$500.9M	$408.5M	$328.1M	$233.5M	$160.2M	$94.70M	$36.80M	$36.80M
YoY Change	-1.61%	20.36%	24.47%	-12.71%	6.49%	-58.5%	17.19%	19.1%	22.62%	24.49%	40.52%	45.8%	69.12%	157.34%	0.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$397.6M	$404.1M	$335.7M	$269.7M	$309.0M	$290.2M	$699.1M	$596.6M	$500.9M	$408.5M	$328.1M	$233.5M	$160.2M	$94.70M	$36.80M	$36.80M
Cost Of Revenue	$133.0M	$135.9M	$102.2M	$84.40M	$93.90M	$92.60M	$326.9M	$274.7M	$228.4M	$209.5M	$168.0M	$113.1M	$77.80M	$61.40M	$47.80M	$50.90M
Gross Profit	$264.6M	$268.2M	$233.5M	$185.3M	$215.1M	$197.6M	$372.2M	$321.8M	$272.5M	$199.0M	$160.1M	$120.4M	$82.30M	$33.30M	-$10.90M	-$14.10M
Gross Profit Margin	66.56%	66.37%	69.56%	68.7%	69.62%	68.1%	53.24%	53.94%	54.4%	48.72%	48.79%	51.56%	51.39%	35.16%	-29.62%	-38.32%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$87.08M	$83.67M	$72.54M	$69.60M	$75.86M	$153.1M	$157.7M	$146.1M	$142.9M	$112.8M	$92.55M	$75.55M	$61.22M	$60.00M	$56.10M	$48.00M
YoY Change	4.07%	15.35%	4.22%	-8.25%	-50.45%	-2.91%	7.93%	2.24%	26.64%	21.93%	22.5%	23.42%	2.03%	6.95%	16.88%
% of Gross Profit	32.91%	31.2%	31.06%	37.56%	35.27%	77.48%	42.37%	45.4%	52.44%	56.7%	57.81%	62.75%	74.38%	180.18%
Research & Development	$36.70M	$29.60M	$24.90M	$25.20M	$26.00M	$18.50M	$78.10M	$45.90M	$50.10M	$40.10M	$32.70M	$23.60M	$16.90M	$19.20M	$21.90M	$24.80M
YoY Change	23.99%	18.88%	-1.19%	-3.08%	40.54%	-76.31%	70.15%	-8.38%	24.94%	22.63%	38.56%	39.64%	-11.98%	-12.33%	-11.69%
% of Gross Profit	13.87%	11.04%	10.66%	13.6%	12.09%	9.36%	20.98%	14.26%	18.39%	20.15%	20.42%	19.6%	20.53%	57.66%
Depreciation & Amortization	$16.70M	$12.58M	$15.48M	$14.17M	$16.69M	$14.36M	$145.5M	$105.6M	$87.04M	$64.45M	$55.51M	$36.91M	$32.67M	$31.00M	$21.90M	$22.20M
YoY Change	32.76%	-18.74%	9.29%	-15.12%	16.2%	-90.13%	37.72%	21.38%	35.04%	16.11%	50.4%	12.96%	5.4%	41.55%	-1.35%
% of Gross Profit	6.31%	4.69%	6.63%	7.64%	7.76%	7.27%	39.09%	32.83%	31.94%	32.39%	34.67%	30.65%	39.7%	93.09%
Operating Expenses	$123.8M	$113.3M	$97.44M	$94.80M	$101.9M	$171.6M	$235.8M	$192.0M	$193.0M	$152.9M	$125.2M	$99.15M	$78.12M	$110.2M	$99.90M	$95.00M
YoY Change	9.27%	16.25%	2.78%	-6.93%	-40.64%	-27.23%	22.8%	-0.51%	26.19%	22.11%	26.32%	26.93%	-29.11%	10.31%	5.16%
Operating Profit	$124.2M	$142.3M	$120.6M	$76.35M	$96.53M	$82.42M	-$64.26M	-$26.64M	-$44.84M	-$50.67M	-$44.67M	-$27.44M	-$33.82M	-$76.90M	-$110.8M	-$109.1M
YoY Change	-12.76%	17.99%	57.99%	-20.91%	17.13%	-228.25%	141.25%	-40.6%	-11.5%	13.44%	62.8%	-18.88%	-56.02%	-30.6%	1.56%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$33.06M	$38.87M	$67.47M	$125.8M	$130.5M	$122.6M	$111.9M	$83.65M	$58.89M	$32.74M	$29.27M	$8.913M	$280.0K	-$33.20M	-$29.90M	-$13.30M
YoY Change	-14.96%	-42.39%	-46.36%	-3.59%	6.4%	9.54%	33.83%	42.04%	79.88%	11.84%	228.42%	3083.21%	-100.84%	11.04%	124.81%
% of Operating Profit	26.62%	27.31%	55.93%	164.75%	135.16%	148.78%
Other Income/Expense, Net	-$26.56M	-$36.61M	-$151.3M	-$125.1M	-$184.5M	-$138.2M	-$109.7M	-$96.55M	-$61.53M	-$32.69M	-$65.52M	-$4.241M	$58.49M	$0.00	$0.00
YoY Change	-27.44%	-75.8%	20.96%	-32.21%	33.45%	25.97%	13.65%	56.91%	88.25%	-50.11%	1444.8%	-107.25%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$97.60M	$105.7M	-$30.64M	-$48.71M	-$87.93M	-$55.81M	-$174.0M	-$123.2M	-$106.4M	-$83.36M	-$110.2M	-$31.68M	$24.67M	-$110.1M	-$142.3M	-$122.4M
YoY Change	-7.68%	-445.02%	-37.09%	-44.61%	57.55%	-67.92%	41.24%	15.81%	27.62%	-24.35%	247.82%	-228.42%	-122.41%	-22.63%	16.26%
Income Tax	-$48.08M	$13.66M	-$187.2M	-$146.0K	$563.0K	-$3.354M	-$1.997M	$1.314M	$1.238M	$1.183M	$1.107M	$1.036M	$1.053M	$3.300M	$0.00	$0.00
% Of Pretax Income	-49.26%	12.92%											4.27%
Net Earnings	$145.7M	$92.06M	$152.7M	-$250.0M	-$146.0M	-$162.0M	-$172.0M	-$124.5M	-$107.6M	-$84.54M	-$111.3M	-$32.71M	$23.62M	-$113.4M	-$142.3M	-$122.4M
YoY Change	58.24%	-39.73%	-161.09%	71.25%	-9.89%	-5.79%	38.14%	15.7%	27.3%	-24.04%	240.19%	-238.53%	-120.82%	-20.31%	16.26%
Net Earnings / Revenue	36.64%	22.78%	45.5%	-92.7%	-47.25%	-55.84%	-24.6%	-20.87%	-21.48%	-20.7%	-33.92%	-14.01%	14.74%	-119.75%	-386.68%	-332.61%
Basic Earnings Per Share	$1.12	$0.75	$1.46	-$3.04	-$1.81
Diluted Earnings Per Share	$1.09	$0.71	$1.28	-$3.04	-$1.81	-$2.025M	-$2.166M	-$1.578M	-$1.350M	-$992.9K	-$1.294M	-$394.0K	$3.471M	-$16.68M	-$20.93M	-$19.13M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$139.0M	$175.3M	$145.9M	$435.3M	$170.0M	$223.5M	$409.1M	$455.8M	$366.8M	$211.2M	$266.3M	$112.6M	$42.60M	$18.90M	$68.50M
YoY Change	-20.71%	20.17%	-66.48%	156.06%	-23.94%	-45.37%	-10.25%	24.26%	73.67%	-20.69%	136.5%	164.32%	125.4%	-72.41%
Cash & Equivalents	$139.0M	$150.6M	$145.9M	$435.3M	$170.0M	$184.2M	$196.4M	$117.3M	$366.8M	$211.2M	$266.3M	$112.6M	$42.60M	$18.90M	$68.50M
Short-Term Investments	$0.00	$24.80M			$0.00	$39.30M	$212.8M	$338.5M
Other Short-Term Assets	$57.20M	$10.11M	$8.526M	$6.500M	$23.90M	$24.30M	$20.30M	$24.90M	$10.90M	$13.20M	$16.30M	$6.400M	$4.900M	$4.500M	$4.600M
YoY Change	465.77%	18.58%	31.17%	-72.8%	-1.65%	19.7%	-18.47%	128.44%	-17.42%	-19.02%	154.69%	30.61%	8.89%	-2.17%
Inventory	$63.19M	$49.49M	$33.98M	$28.10M	$117.1M	$193.0M	$45.50M	$50.30M	$20.90M	$21.90M	$13.60M	$12.10M	$9.100M	$5.800M	$6.900M
Prepaid Expenses
Receivables	$55.17M	$89.20M	$42.26M	$42.30M	$113.7M	$144.7M	$117.9M	$73.70M	$69.30M	$48.50M	$25.70M	$24.30M	$21.00M	$14.70M	$5.400M
Other Receivables	$0.00	$0.00	$19.24M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$314.6M	$324.1M	$249.9M	$512.2M	$424.8M	$585.5M	$592.9M	$604.7M	$468.0M	$294.9M	$322.0M	$155.3M	$77.60M	$43.90M	$85.40M
YoY Change	-2.95%	29.7%	-51.21%	20.57%	-27.45%	-1.25%	-1.95%	29.21%	58.7%	-8.42%	107.34%	100.13%	76.77%	-48.59%
Property, Plant & Equipment	$168.7M	$179.9M	$134.7M	$97.20M	$623.7M	$511.9M	$656.0M	$519.8M	$434.5M	$363.1M	$265.6M	$197.7M	$150.9M	$137.1M	$123.9M
YoY Change	-6.21%	33.56%	38.54%	-84.42%	21.84%	-21.97%	26.2%	19.63%	19.66%	36.71%	34.34%	31.01%	10.07%	10.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$233.0M	$192.6M	$200.3M	$1.700M	$37.80M	$34.70M	$67.10M	$35.90M	$22.40M	$19.30M	$27.90M	$20.30M	$2.900M	$1.800M	$3.100M
YoY Change	20.95%	-3.85%	11684.76%	-95.5%	8.93%	-48.29%	86.91%	60.27%	16.06%	-30.82%	37.44%	600.0%	61.11%	-41.94%
Total Long-Term Assets	$466.9M	$435.4M	$397.8M	$161.4M	$789.9M	$679.6M	$810.3M	$641.5M	$536.4M	$461.4M	$367.0M	$276.8M	$208.0M	$193.0M	$189.4M
YoY Change	7.25%	9.45%	146.45%	-79.57%	16.23%	-16.13%	26.31%	19.59%	16.25%	25.72%	32.59%	33.08%	7.77%	1.9%
Total Assets	$781.5M	$759.5M	$647.7M	$673.6M	$1.215B	$1.265B	$1.403B	$1.246B	$1.004B	$756.3M	$689.0M	$432.1M	$285.6M	$236.9M	$274.8M
YoY Change
Accounts Payable	$16.09M	$13.65M	$17.20M	$11.00M	$17.20M	$23.90M	$27.10M	$31.70M	$28.20M	$41.00M	$22.30M	$16.70M	$13.70M	$9.500M	$13.90M
YoY Change	17.94%	-20.68%	56.39%	-36.05%	-28.03%	-11.81%	-14.51%	12.41%	-31.22%	83.86%	33.53%	21.9%	44.21%	-31.65%
Accrued Expenses	$40.94M	$48.89M	$50.43M	$70.90M	$173.5M	$212.5M	$201.8M	$147.6M	$102.4M	$66.20M	$59.10M	$46.00M	$25.60M	$18.60M	$18.90M
YoY Change	-16.26%	-3.04%	-28.88%	-59.14%	-18.35%	5.3%	36.72%	44.14%	54.68%	12.01%	28.48%	79.69%	37.63%	-1.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$7.254M	$7.383M	$117.1M	$341.7M	$600.0K	$700.0K	$1.800M	$2.800M	$21.30M	$10.30M	$7.900M	$4.100M	$600.0K
YoY Change	-1.75%	-93.69%	-65.74%	56850.0%	-14.29%	-61.11%	-35.71%	-86.85%	106.8%	30.38%	92.68%	583.33%
Total Short-Term Liabilities	$72.00M	$84.37M	$188.5M	$438.1M	$252.6M	$299.7M	$316.3M	$251.1M	$197.6M	$151.5M	$110.0M	$79.30M	$46.30M	$31.50M	$33.20M
YoY Change	-14.67%	-55.25%	-56.97%	73.44%	-15.72%	-5.25%	25.97%	27.07%	30.43%	37.73%	38.71%	71.27%	46.98%	-5.12%
Long-Term Debt	$587.5M	$690.2M	$694.8M	$829.1M	$1.102B	$1.025B	$1.001B	$800.7M	$545.4M	$294.4M	$238.6M	$131.5M	$2.000M	$2.000M	$0.00
YoY Change	-14.88%	-0.67%	-16.19%	-24.78%	7.53%	2.42%	25.0%	46.81%	85.26%	23.39%	81.44%	6475.0%	0.0%
Other Long-Term Liabilities	$81.32M	$86.85M	$84.48M	$45.30M	$256.3M	$206.9M	$271.6M	$226.5M	$187.8M	$106.1M	$64.40M	$47.80M	$35.40M	$77.30M	$27.90M
YoY Change	-6.37%	2.8%	86.49%	-82.33%	23.88%	-23.82%	19.91%	20.61%	77.0%	64.75%	34.73%	35.03%	-54.2%	177.06%
Total Long-Term Liabilities	$668.8M	$777.0M	$779.3M	$874.4M	$1.359B	$1.232B	$1.273B	$1.027B	$733.2M	$400.5M	$303.0M	$179.3M	$37.40M	$79.30M	$27.90M
YoY Change	-13.93%	-0.3%	-10.87%	-35.64%	10.28%	-3.18%	23.88%	40.1%	83.07%	32.18%	68.99%	379.41%	-52.84%	184.23%
Total Liabilities	$740.8M	$861.4M	$967.8M	$1.315B	$1.614B	$1.534B	$1.595B	$1.287B	$938.2M	$558.6M	$418.8M	$263.5M	$87.80M	$113.9M	$61.10M
YoY Change	-14.0%	-11.0%	-26.38%	-18.52%	5.2%	-3.81%	23.95%	37.13%	67.96%	33.38%	58.94%	200.11%	-22.91%	86.42%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	129.8K	123.3K	103.4K	82.27K	80.77K
Diluted Shares Outstanding	133.3K	133.9K	127.2K	82.27K	80.77K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $950.89 Million

About Gogo Inc.

Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company is headquartered in Broomfield, Colorado and currently employs 457 full-time employees. The company went IPO on 2013-06-21. The firm is focused primarily on business aviation aircraft in North America and provides in-flight connectivity in that market. The firm offers a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Its products and services are installed on various business aircraft of all sizes and mission types from turboprops to jets. The company offers a range of in-flight services for passengers, flight and cabin crews and its aviation partners. The company offers a variety of connectivity services tailored to its various networks and technologies. The company offers service plans ranging from unlimited data usage to an hourly monthly consumption plan. The company flies 3,976 business aircraft with its AVANCE L5 or L3 system installed, 7,205 aircraft flying with its broadband ATG systems onboard, and 4,341 aircraft with narrowband satellite connectivity installed.

Industry: Communications Services, NEC Peers: Aerkomm Inc. KonaTel, Inc. KORE Group Holdings, Inc. SurgePays, Inc. T-Mobile US, Inc. SHENANDOAH TELECOMMUNICATIONS CO/VA/ Spok Holdings, Inc TELEPHONE & DATA SYSTEMS INC /DE/ UNITED STATES CELLULAR CORP