Gogo quarterly revenue up 46%

14 March 2014

Gogo Inc. (NASDAQ: GOGO) said it had revenue for its fourth quarter of 2013 of USD92.6m, up 46 percent year-over-year.

Adjusted EBITDA for Q4 2013 was negative USD0.3m, down from USD0.5m in the fourth quarter of 2012, driven by increased investment in international expansion. Net loss attributable to common stock for the fourth quarter of 2013 was USD22.1m, or USD0.26 per share, compared to net loss attributable to common stock of USD36.0m, or USD5.29 per share, in 2012´s fourth quarter.

Revenue for full year 2013 was USD328.1m, up 41 percent over 2012. Adjusted EBITDA for 2013 was USD8.4m, down from USD9.3m for 2012, also driven by increased investment in our international expansion. Net loss attributable to common stock for full year 2013 was USD145.9m, or USD3.05 per share, compared to net loss attributable to common stock of USD95.6m, or USD14.07 per share, for full year 2012.

Gogo is a leader of in-flight connectivity and wireless in-flight digital entertainment solutions. Its website is at www.gogoair.com, on Facebook at www.facebook.com/gogo and on Twitter at www.twitter.com/gogo.

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