13 May 2014
For its first quarter of 2014, ended March 31, Gogo Inc. (NASDAQ: GOGO) reported record revenue of USD95.7m, up 35 percent year-over-year.
Adjusted EBITDA for Q1 2014 was USD5.3m, up 87 percent from USD2.9m in Q1 2013. Net loss attributable to common stock for Q1 2014 was USD16.9m, or USD0.20 per share, compared to net loss attributable to common stock of USD32.5m, or USD4.77 per share, in Q1 2013.
Gogo is a leading aircraft communications service provider to the global aviation industry. Using Gogo´s exclusive products and services, passengers with Wi-Fi enabled devices can get online on more than 2,000 Gogo equipped commercial aircraft. In-flight connectivity partners include AeroMexico, American Airlines, Air Canada, AirTran Airways, Alaska Airlines, Delta Air Lines, Japan Airlines, United Airlines, US Airways and Virgin America. In-flight entertainment partners include AeroMexico, American Airlines, Delta Air Lines, Japan Airlines, Scoot and US Airways. Its website is at www.gogoair.com, on Facebook at www.facebook.com/gogo and on Twitter at www.twitter.com/gogo.
Gogo quarterly revenue up 35% to USD95.7m
13 May 2014