Gogo Announces Fourth Quarter and Full-Year 2020 Financial Results
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Gogo (GOGO) Tops Q4 EPS by 33c, Revenues Beat
March 11, 2021 7:05 AM ESTGogo (NASDAQ: GOGO) reported Q4 EPS of $0.01, $0.33 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $77.63 million versus the consensus estimate of $69.09 million.
Fourth Quarter 2020 Financial Results from Continuing Operations
Total revenue of $77.6 million decreased approximately 10% from Q4 2019, driven by decreases in both service and equipment revenue caused by the negative impact of COVID-19 on demand for air travel. On a sequential basis, total revenue grew nearly 17%, driven by a 57% increase in equipment revenue and a 7% increase in service... More