Gogo Announces Second Quarter 2019 Financial Results
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Gogo (GOGO) Misses Q2 EPS by 47c, Revenues Miss; Offers FY19 Revenue Mid-Point Guidance Above Consensus
August 8, 2019 6:48 AM EDTGogo (NASDAQ: GOGO) reported Q2 EPS of ($1.04), $0.47 worse than the analyst estimate of ($0.57). Revenue for the quarter came in at $173 million versus the consensus estimate of $199.62 million.
Highlights for Q2 2019
Consolidated service revenue of more than $173 million, up more than 9% from Q2 2018Net loss of $84 million, which includes a $58 million loss on extinguishment of debt due to the $925 million debt refinancingAdjusted EBITDA(1) of $37.8 million, up from $18.9 million in Q2 2018Combined segment profit from CA-NA and CA-ROW of $6.9 million, up from a combined segment loss of $17 million in Q2... More