Gogo (NASDAQ: GOGO) reported Q1 EPS of ($0.09), $0.04 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $73.9 million versus the consensus estimate of $73.85 million.

GUIDANCE:

Gogo sees 2021 revenue of $310-325 million, versus the consensus of $313.4 million.

• Adjusted EBITDA in the range of $115 million to $125 million, including approximately $12 million of 5G-related expenses and excluding approximately $4 million of non-recurring separation and migration costs related to the sale of the CA division
• Capital expenditures in the range of $25 million to $30 million, with the majority tied to Gogo 5G
• Free cash flow(1) in the range of $10 million to $20 million, including cash interest payments of approximately $71 million

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