Gogo (NASDAQ: GOGO) reported Q4 EPS of ($0.74), in-line with the analyst estimate of ($0.74). Revenue for the quarter came in at $217.2 million versus the consensus estimate of $214.5 million.

"Gogo's focus on execution resulted in major operational improvements over the course of 2018, including excellent 2Ku performance and aggressive cost controls within our CA business," said Oakleigh Thorne, Gogo's President and CEO. "As we build on this momentum and put the negative effects of the de-installations behind us over the next several quarters, we expect to see a return to higher revenue and profit growth in 2020."

"Strong execution led to fourth quarter financial performance coming in well ahead of our internal projections, particularly for Adjusted EBITDA and our year-end cash balance," said Barry Rowan, Gogo\'s Executive Vice President and CFO. "We expect to improve Free Cash Flow by approximately $100 million in 2019 as we continue to grow Adjusted EBITDA and improve working capital."

GUIDANCE:

Gogo sees FY2019 revenue of $800-850 million, versus the consensus of $900 million.

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