Gogo (NASDAQ: GOGO) reported Q4 EPS of ($0.43), $0.01 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $137.8 million versus the consensus estimate of $131.66 million.

Q4 2015 Adjusted EBITDA increased to $8.0 million, up 556% or $6.8 million year-over-year.

Business Outlook

For the full year ending December 31, 2016, we are providing the following guidance:

• In-flight connectivity installations:
  • CA-NA net installations of more than 200 aircraft including more than 400 ATG-4 installations and upgrades
  • CA-ROW net installations of approximately 75 aircraft in 2016 and more than 200 in 2017
  • 2Ku installations of approximately 75 in 2016 and more than 300 aircraft in 2017
• Total revenue of $575 million to $595 million, growth of 15% – 19% from 2015
  • CA-NA revenue of $350 million to $365 million
  • BA revenue of $190 million to $205 million
  • CA-ROW revenue of $25 million to $30 million
• Adjusted EBITDA of $55 million to $65 million, growth of 50% – 77% from 2015
• Cash CAPEX of $110 million to $135 million, which includes a $15 million carryover from 2015, as a result of shift in airborne expenditures to support the 2Ku installation ramp-up in 2016.

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