Gogo (NASDAQ: GOGO) reported Q1 EPS of ($0.24), $0.05 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $115.5 million versus the consensus estimate of $112.39 million.

Commercial Aviation - North America (CA-NA)

• Total revenue increased to $72.5 million, up 27% from $57.1 million in Q1 2014.
• CA-NA ended the quarter with 2,200 aircraft online, up 102 since December 31, 2014.
• Average monthly service revenue per aircraft online, or ARPA, increased to $11,194, up 22% year-over-year, driven by increased connectivity and wireless in-flight entertainment revenue.
• Segment profit increased to $9.6 million, up 66% year-over-year, as a result of strong service revenue growth and increased operating leverage. Segment profit as a percentage of segment revenue increased to a record 13% in Q1 2015, up from 10% in Q1 2014.

Business Aviation (BA)

• Service revenue increased 38% year-over-year to $21.8 million, driven primarily by a 33% increase in ATG systems online to 2,983 at March 31, 2015.
• Equipment revenue of $19.7 million was down from $22.8 million in Q1 2014, as a result of changes in ATG product mix, including normalized sales of our Text & Talk product.
• Total segment revenue increased to a record $41.6 million, up 8% from $38.6 million in Q1 2014.
• Segment profit increased to $16.8 million, up from $16.5 million in Q1 2014. Segment profit as a percentage of segment revenue decreased to 40% in Q1 2015, from 43% in Q1 2014, as a result of changes in product mix and increases in operating expenses.

Commercial Aviation - Rest of World (CA-ROW)

• We added 31 Ku-based aircraft online in Q1 2015 and finished the quarter with 177 awarded but not yet installed aircraft in our CA-ROW segment.
• We achieved a key milestone to get 2Ku ready for commercial launch by successfully installing the first 2Ku radome on a Boeing 737 aircraft. 2Ku is Gogo's exclusive revolutionary global satellite technology that is expected to bring up to 70 Mbps to the aircraft initially and up to 100 Mpbs to the aircraft when high throughput satellites are launched.
• Segment loss increased to $18.3 million from a segment loss of $16.9 million in Q1 2014, due to increased operating expenses to support business growth and increased satellite transponder and teleport fees.

Gogo sees FY2015 revenue of $485-505 million, versus the consensus of $499.3 million.

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