Gogo (GOGO) Tops Q4 EPS by $1.49

Gogo (NASDAQ: GOGO) reported Q4 EPS of $1.57, $1.49 better than the analyst estimate of $0.08. Revenue for the quarter came in at $92.3 million versus the consensus estimate of $89.67 million.

GUIDANCE:

Gogo sees FY2022 revenue of $380-395 million, versus the consensus of $379 million.

• Adjusted EBITDA(1) in the range of $150 million to $160 million, reflecting a planned increase in Gogo 5G investment
• Free Cash Flow(1) of $25 million to $45 million, including cash interest payments of approximately $36 million and capital expenditures of approximately $65 million, with approximately $50 million of the capital expenditures tied to Gogo 5G

Revenue growth at a compound annual growth rate of approximately 15% from 2021 through 2026 (versus prior target of approximately 15% from 2020 to 2025)
Annual Adjusted EBITDA Margin(1) approaching 50% in 2026, up from the low 40%'s in 2022 and 2023 (versus prior target of reaching 45% in 2025)
Free Cash Flow(1) of approximately $125 million in 2023 following the deployment of the Gogo 5G network in 2022 (no change from prior target), increasing to over $200 million beginning in 2025 (versus prior target of approximately $200 million in 2025)

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

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