Gogo (GOGO) Q2 Revenue Tops Consensus, Offers Guidance

Gogo (NASDAQ: GOGO) reported Q2 EPS of ($0.63), may not comapre to the analyst estimate of ($0.04). Revenue for the quarter came in at $82.4 million versus the consensus estimate of $75.14 million.

GUIDANCE:

Gogo sees FY2021 revenue of $325-335 million, versus the consensus of $318.6 million.

• Adjusted EBITDA of at least $130 million, excluding approximately $3 million of separation and migration costs related to the sale of the CA division, versus prior guidance of $115 million to $125 million.
• Capital expenditures in the range of $20 million to $25 million, with the majority tied to Gogo 5G, versus prior guidance of $25 million to $30 million.
• Free cash flow1 in the range of $25 million to $35 million, including cash interest payments of approximately $71 million, versus prior guidance of $10 million to $20 million.

For earnings history and earnings-related data on Gogo (GOGO) click here.

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