Welcome to our dedicated page for Gogo news (Ticker: $GOGO), a resource for investors and traders seeking the latest updates and insights on Gogo stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gogo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gogo's position in the market.
Rhea-AI Summary
Gogo Business Aviation (NASDAQ: GOGO) has successfully defended its Gogo 5G product against SmartSky Networks' patent infringement claims. The United States Court of Appeals for the Federal Circuit upheld the decision by the United States District Court for the District of Delaware, denying SmartSky's motion for a preliminary injunction. Gogo's CEO, Oakleigh Thorne, expressed confidence in the company's position and reaffirmed the commitment to launching Gogo 5G and delivering improved performance for business aviation customers in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
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Rhea-AI Summary
Gogo Business Aviation (NASDAQ: GOGO) announced the retirement of Mr. Robert H. Mundheim, a member of the Board of Directors since 2012. Mundheim's significant contributions to Gogo's business success through his role on the board and committee positions were acknowledged by Oakleigh Thorne, the company's chair and CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
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Rhea-AI Summary
Gogo Business Aviation (NASDAQ: GOGO) achieves a significant milestone as the AVANCE LX5 receives Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the FAA. The company's 5G program gains momentum, with the LX5 designed to provide high throughput and low latency, outperforming competitive solutions. Gogo 5G is expected to launch in the third quarter of 2024, offering peak speeds of 75-80 Mbps and catering to the increasing demand for data-heavy services and applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
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Rhea-AI Summary
Gogo Business Aviation (GOGO) introduces over-the-air (OTA) software updates for Gogo AVANCE platform, allowing remote updates through Gogo DASH app, reducing downtime and improving fleet management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Summary
Gogo Inc. (NASDAQ: GOGO) reported total revenue of $97.9 million for Q3 2023, down 7% from the previous year. However, service revenue reached a record $79.5 million, a 6% increase year-over-year. Net income was $20.9 million, and adjusted EBITDA was $43.2 million. The company expects significant growth starting in 2025, driven by the Gogo 5G and Gogo Galileo product launches. Long-term targets include 15-17% revenue growth from 2022-2027 and $150 million to $200 million of Free Cash Flow in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.46%
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Rhea-AI Summary
Gogo Inc. to release third quarter 2023 financial results on November 7th
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Rhea-AI Sentiment
End-of-Day
-1.3%
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Rhea-AI Summary
AirSprint Private Aviation becomes Gogo's first Canadian fleet customer, committing to upgrade its aircraft to Gogo 5G and potentially Gogo Galileo HDX.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
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Rhea-AI Summary
Skyservice Business Aviation receives STC approval for Gogo 5G system on Bombardier Challenger 300 series aircraft.
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Rhea-AI Sentiment
End-of-Day
-1.96%
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Rhea-AI Summary
Gogo Business Aviation's AVANCE L5 system with Gogo 5G is now available to Dassault Falcon Jet Service Center customers. Over 500 Falcons are already using AVANCE L5. Upgrading now offers immediate performance boost and provision for Gogo 5G launch. Gogo is offering up to $50,000 savings for AVANCE L5 upgrades.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
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Rhea-AI Summary
Gogo Inc. announces a share repurchase program of up to $50 million. The program allows the company to buy back its common stock at management's discretion. Gogo's long-term capital allocation priorities include maintaining liquidity, investing in strategic initiatives, managing debt, and returning capital to shareholders. The company has a net leverage ratio of 3.0x and a strong cash balance. The repurchase program has no time limit and does not require the company to purchase any shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.97%
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Gogo Inc.
Nasdaq:GOGO
GOGO Rankings
GOGO Stock Data
1.28B
60.44M
27.72%
70%
9.1%
Software Publishers
Information
United States of America
BROOMFIELD
About GOGO
in air. online. gogo is the essential flight upgrade, granting access to exclusive in-air experiences that keep you connected to life. don’t leave ground without it. we empower passengers who travel with their wi-fi enabled devices, such as laptops and handhelds, and allow them to surf the web, check e-mail, instant message, access corporate vpns, and basically stay connected to life. it’s all part of our mission to become everyone’s favorite part of flying. you can also follow gogo on twitter.com/gogo and facebook.com/gogo