Gogo (GOGO) Misses Q2 EPS by 11c; Boosts FY16 Installation Outlook

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Go back to Gogo (GOGO) Misses Q2 EPS by 11c; Boosts FY16 Installation Outlook

Gogo Announces Second Quarter 2016 Financial Results

August 4, 2016 7:00 AM EDT

CHICAGO, Aug. 4, 2016 /PRNewswire/ -- Gogo Inc. (Nasdaq: GOGO), the global leader in providing broadband connectivity solutions and wireless entertainment to the aviation industry, today announced its financial results for the quarter ended June 30, 2016.

Second Quarter 2016 Highlights

Revenue increased to $147.5 million, up 22% from $121.2 million in Q2 2015.  Service revenue increased to $127.6 million, up 26% from $101.4 million in Q2 2015. Net loss increased to $40.2 million ($0.51 per share) from $24.8 million in Q2 2015 ($0.32 per share), driven by a $15.4 million ($0.20 per share) charge for... More