Gogo

Gogo

Gogo is the Inflight Internet Company. We are the leading global provider of broadband connectivity products and services for aviation.

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$100m

Post IPO Debt
Total Funding000k
JP Morgan
JP Morgan(exited)
GTCR
GTCR(exited)

Financials

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues0000000000000000000000000000
% growth24 %20 %(2 %)12 %104 %5 %8 %
EBITDA0000000000000000000000000000
% EBITDA margin41 %39 %44 %21 %24 %25 %26 %
Profit0000000000000000000000000000
% profit margin45 %23 %37 %3 %5 %9 %12 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue7 %7 %9 %10 %---

Source: Company filings or news article, Equity research estimates

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More about Gogo
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Gogo Inc. provides in-flight broadband connectivity and wireless entertainment solutions, primarily serving the business aviation market. The company's origins trace back to 1991, when founder Jimmy Ray conceptualized an affordable telephone system for private aircraft, initially launching the company as Aircell. Operating from its headquarters in Broomfield, Colorado, Gogo has established itself as a key provider of in-flight connectivity services.

A pivotal moment in the company's history was the 2006 award of an exclusive Air-To-Ground (ATG) broadband frequency license from the U.S. Federal Communications Commission (FCC). This enabled the development of a cellular-based network across the United States, paving the way for its entry into the commercial aviation market in 2008. The company went public on the NASDAQ stock exchange under the ticker "GOGO" on June 21, 2013. A significant strategic shift occurred in December 2020, when Gogo sold its commercial aviation business to Intelsat for $400 million in cash to focus exclusively on the business aviation sector.

Gogo's business model centers on providing a suite of smart cabin systems that offer integrated connectivity, voice solutions, and in-flight entertainment. Revenue is generated through the sale of hardware, such as antennas and modems, and subscription-based service plans for data usage. The company serves a diverse client base, including fractional jet operators, charter operators, corporate flight departments, and individual aircraft owners. Its product lineup features the Gogo AVANCE platform, a software-centric system that integrates various functions into a single unit. Gogo offers both its proprietary ATG network across North America and satellite-based solutions for global coverage. The company is also developing its Gogo 5G network to enhance speed and performance for business aviation users.

Key offerings include the AVANCE L3 and L5 systems, which provide a range of services from basic connectivity to high-speed internet suitable for video streaming and web conferencing. The Gogo Galileo product line leverages Low-Earth-Orbit (LEO) satellite technology to deliver high-speed, low-latency internet globally. Beyond connectivity, Gogo provides in-flight entertainment options like Gogo Vision, which streams movies and TV shows from an onboard server. The company emphasizes cybersecurity, integrating enterprise-grade protections and real-time threat monitoring into its solutions.

Keywords: in-flight connectivity, business aviation, broadband internet, aviation technology, air-to-ground network, satellite communications, Gogo AVANCE, inflight entertainment, airborne telecommunications, corporate jets, private aircraft connectivity, Gogo 5G, aircraft Wi-Fi, aviation communication services, Jimmy Ray, Aircell, in-flight data, aviation hardware, cockpit data services, connected aircraft

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Investments by Gogo

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Satcom Direct
ACQUISITION by Gogo Sep 2024