Gogo (NASDAQ: GOGO) reported Q2 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $97.8 million versus the consensus estimate of $94.55 million.

GUIDANCE:

Gogo sees FY2022 revenue of $390-400 million, versus the consensus of $395.9 million.

• Total revenue at the high end of the previously guided range of $390 million to $400 million.
• Adjusted EBITDA(1) at the high end of the previously guided range of $150 million to $160 million, which includes a combined $9 million of estimated litigation expenses and estimated operating expenses for Global Broadband, which were not reflected in the initial 2022 guidance range.
• Free Cash Flow(1) of $35 million to $45 million, which includes capital expenditures of approximately $65 million of which approximately $50 million are tied to Gogo 5G (no change to prior guidance).
• (1) See "Non-GAAP Financial Measures" below.

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