Gogo (GOGO) Tops Q1 EPS by 29c, Offers FY Guidance

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Go back to Gogo (GOGO) Tops Q1 EPS by 29c, Offers FY Guidance

Gogo Announces First Quarter 2019 Financial Results

May 9, 2019 6:30 AM EDT

CHICAGO, May 9, 2019 /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 March 31, 2019.

First Quarter 2019 Consolidated Financial Results

Consolidated revenue of $200 million: Service revenue of $165 million increased nearly 10% from Q1 2018, primarily due to positive business fundamentals across both Commercial Aviation and Business Aviation, and includes $6.8 million in product development-related revenue from one of our airline partners. Service revenue grew despite the cumulative effect of the... More