Gogo (GOGO) Misses Q2 EPS by 6c, Revenue Beats, Reaffirms Outlook
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Gogo Announces Second Quarter 2017 Financial Results
August 7, 2017 7:00 AM EDTCHICAGO, Aug. 7, 2017 /PRNewswire/ -- Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced its financial results for the quarter ended June 30, 2017.
Second Quarter 2017 Consolidated Financial Results
Revenue increased to $172.8 million, up 17% from Q2 2016. Service revenue increased to $154.1 million, up 21% from Q2 2016, on a 9% increase in commercial aircraft online to 3,109, a 17% increase in ATG business aircraft online to 4,453, and increased customer usage across all segments. Net loss... More