GOGO - Gogo Inc Stock Price, Fair Value and News

10.77USD+0.04 (+0.37%)Delayed

Market Summary

USD10.77+0.04

Delayed

0.37%

GOGO Alerts

Big jump in Earnings (Y/Y)

GOGO Stock Price

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GOGO RSI Chart

GOGO Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

8.79

Price/Sales (Trailing)

3.39

EV/EBITDA

10.96

Price/Free Cashflow

18.13

GOGO Price/Sales (Trailing)

GOGO Profitability

EBT Margin

28.31%

Return on Equity

249.39%

Return on Assets

19.25%

Free Cashflow Yield

5.52%

GOGO Fundamentals

GOGO Revenue

Revenue (TTM)

403.3M

Rev. Growth (Yr)

5.81%

Rev. Growth (Qtr)

6.66%

GOGO Earnings

Earnings (TTM)

155.7M

Earnings Growth (Yr)

49.1%

Earnings Growth (Qtr)

110.76%

Breaking Down GOGO Revenue

Last 7 days

5.6%

Last 30 days

30.7%

Last 90 days

10.6%

Trailing 12 Months

-24.5%

How does GOGO drawdown profile look like?

GOGO Financial Health

Current Ratio

4.2

Debt/Equity

9.39

Debt/Cashflow

0.15

GOGO Investor Care

Buy Backs (1Y)

1.15%

Diluted EPS (TTM)

1.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	403.3M	0	0	0
2023	409.9M	415.3M	407.9M	397.6M
2022	354.6M	370.1M	388.2M	404.1M
2021	272.7M	300.4M	321.1M	335.7M
2020	309.4M	292.8M	277.9M	269.7M
2019	732.5M	576.3M	440.4M	309.0M
2018	765.5M	820.2M	864.5M	893.8M
2017	620.2M	645.5M	671.1M	699.1M
2016	527.1M	553.5M	574.3M	596.5M
2015	428.3M	450.0M	472.3M	500.9M
2014	353.1M	373.2M	391.8M	408.5M
2013	250.0M	271.6M	299.1M	328.1M
2012	178.5M	196.8M	215.2M	233.5M
2011	0	0	0	160.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Gogo Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 02, 2024	jackson karen	acquired	-	-	46,155	for. evp, chf people exp. off
Apr 02, 2024	jackson karen	sold (taxes)	-113,036	8.36	-13,521	for. evp, chf people exp. off
Mar 29, 2024	aguirre sergio a.	sold (taxes)	-70,380	8.78	-8,016	president and coo
Mar 29, 2024	jackson karen	acquired	-	-	12,934	evp, chief people exp. officer
Mar 29, 2024	thorne oakleigh	acquired	-	-	43,017	ceo and chairman
Mar 29, 2024	jackson karen	sold (taxes)	-33,267	8.78	-3,789	evp, chief people exp. officer
Mar 29, 2024	aguirre sergio a.	acquired	-	-	18,323	president and coo
Mar 29, 2024	betjemann jessica	acquired	-	-	7,139	evp and cfo
Mar 29, 2024	betjemann jessica	sold (taxes)	-27,762	8.78	-3,162	evp and cfo
Mar 24, 2024	jackson karen	acquired	-	-	5,949	evp, chief people exp. officer

Which funds bought or sold GOGO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-70.46	-2,060,910	709,310	-%
May 16, 2024	COMERICA BANK	reduced	-7.97	-58,314	229,895	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.3	-123,821	567,197	-%
May 15, 2024	Tenzing Global Management, LLC	reduced	-19.75	-9,252,150	21,137,800	19.21%
May 15, 2024	Schonfeld Strategic Advisors LLC	reduced	-95.34	-7,032,160	295,886	-%
May 15, 2024	Man Group plc	sold off	-100	-173,223	-	-%
May 15, 2024	Engineers Gate Manager LP	reduced	-27.44	-205,701	348,663	0.01%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	89.68	2,354,320	6,009,810	-%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	added	70.23	1,332,140	4,134,300	0.01%
May 15, 2024	Nebula Research & Development LLC	new	-	458,184	458,184	0.10%

Are Funds Buying or Selling GOGO?

Are funds buying GOGO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GOGO

No. of Funds

GOGO Alerts

Big jump in Earnings (Y/Y)

Unveiling Gogo Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 26, 2024	blackrock inc.	8.0%	10,264,011	SC 13G/A
Feb 14, 2023	sancarin s.l.	2.32%	2,958,245	SC 13G
Feb 03, 2023	blackrock inc.	7.7%	9,773,039	SC 13G
Dec 16, 2022	sancarin s.l.	5.74%	7,300,688	SC 13G
May 10, 2022	thorndale farm, inc.	24.46%	27,118,600	SC 13D/A
May 25, 2021	mudrick capital management, l.p.	1.0%	351,000	SC 13G/A
Apr 13, 2021	silver (equity) holdings, lp	12.0%	12,674,482	SC 13D/A
Apr 01, 2021	silver (equity) holdings, lp	14.7%	12,674,482	SC 13D/A
Feb 16, 2021	north peak capital management, llc	0%	0	SC 13G/A
Feb 12, 2021	mudrick capital management, l.p.	3.3%	0	SC 13G/A

Recent SEC filings of Gogo Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	DEFA14A	DEFA14A
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 08, 2024	UPLOAD	UPLOAD
Apr 04, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Gogo Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	192.2B	78.5B	2.44%	18.69%	21.96	2.45	-0.71%	129.26%
VZ	168.8B	134.0B	0.68%	10.85%	14.93	1.26	-1.58%	-47.62%
T	124.8B	122.3B	7.94%	5.14%	11.91	1.02	0.95%	215.07%
CHTR	39.5B	54.6B	5.81%	-20.55%	8.33	0.72	0.29%	-3.30%
MID-CAP
CCOI	2.9B	1.1B	-4.52%	-5.39%	2.41	2.75	74.42%	11734.07%
IDCC	2.8B	610.8M	13.95%	29.84%	14.5	4.52	9.29%	5.25%
GSAT	2.3B	221.6M	-6.98%	9.09%	-65.61	10.19	27.11%	85.65%
CABO	2.2B	1.7B	-1.57%	-42.79%	8.46	1.31	-2.39%	114.34%
SMALL-CAP
ATUS	1.0B	9.2B	15.90%	-21.53%	169.3	0.11	-3.42%	-74.28%
ATEX	619.5M	3.5M	5.79%	7.52%	39.15	175.05	115.01%	136.91%
CNSL	511.6M	1.1B	1.17%	13.98%	-1.81	0.46	-5.01%	-258.89%
ATNI	399.0M	763.2M	-4.12%	-29.65%	-20.31	0.52	3.21%	-54.92%
CXDO	104.1M	55.0M	-8.43%	135.54%	62.95	1.89	31.29%	104.62%
DISH	-	15.0B	-	-100.00%	-	-	-8.14%	-163.76%

Gogo Inc News

Latest updates

Gogo Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	6.7%	104	98.00	98.00	103	99.00	108	105	98.00	93.00	92.00	87.00	82.00	74.00	78.00	67.00	55.00	71.00	86.00	81.00	71.00	71.00
Costs and Expenses	-4.5%	70.00	73.00	65.00	69.00	67.00	69.00	69.00	65.00	58.00	60.00	56.00	53.00	46.00	62.00	44.00	38.00	50.00	-88.77	54.00	204	188
S&GA Expenses	2.9%	8.00	8.00	7.00	8.00	7.00	7.00	6.00	6.00	6.00	7.00	6.00	5.00	4.00	4.00	4.00	3.00	4.00	-1.98	5.00	13.00	12.00
EBITDA Margin	10.0%	0.41*	0.37*	0.39*	0.38*	0.38*	0.39*	0.39*	0.39*	0.18*	0.16*	0.11*	0.09*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.0%	8.00	8.00	8.00	8.00	9.00	9.00	9.00	10.00	11.00	11.00	11.00	16.00	29.00	32.00	31.00	31.00	31.00	31.00	31.00	36.00	33.00
Income Taxes	135.6%	11.00	5.00	7.00	-63.83	4.00	3.00	8.00	1.00	2.00	-187	0.00	-	0.00	-0.36	-0.06	0.00	0.00	-	0.00	0.00	0.00
Earnings Before Taxes	116.8%	41.00	19.00	28.00	26.00	25.00	31.00	28.00	23.00	24.00	21.00	20.00	-66.12	-5.85	-16.44	-8.95	-14.06	-9.25	7.00	-2.70	-83.66	-16.59
EBT Margin	15.3%	0.28*	0.25*	0.27*	0.26*	0.26*	0.26*	0.25*	0.24*	0.00*	-0.09*	-0.21*	-0.32*	-	-	-	-	-	-	-	-	-
Net Income	110.8%	30.00	14.00	21.00	90.00	20.00	28.00	20.00	22.00	22.00	219	11.00	-69.25	-7.68	1.00	-80.12	-85.98	-84.78	-22.35	-22.89	-83.96	-16.80
Net Income Margin	5.4%	0.39*	0.37*	0.39*	0.38*	0.22*	0.23*	0.73*	0.74*	0.51*	0.45*	-0.20*	-0.52*	-	-	-	-	-	-	-	-	-
Free Cashflow	18.1%	28.00	24.00	15.00	8.00	15.00	23.00	10.00	16.00	10.00	29.00	25.00	-15.90	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.5%	809	782	767	746	759	760	729	724	685	648	443	352	688	674	984	1,065	1,191	1,215	1,280	1,282	1,297
Current Assets	6.6%	335	315	287	257	335	324	290	300	271	250	240	188	530	512	819	390	466	425	479	478	492
Cash Equivalents	10.2%	153	139	86.00	97.00	163	151	152	164	153	146	133	109	455	436	117	156	214	178	218	182	189
Inventory	9.7%	69.00	63.00	63.00	60.00	54.00	49.00	47.00	43.00	36.00	34.00	30.00	27.00	29.00	28.00	35.00	130	123	35.00	133	152	147
Net PPE	-2.1%	96.00	98.00	101	104	105	105	99.00	85.00	72.00	64.00	58.00	59.00	62.00	63.00	64.00	463	506	69.00	553	550	565
Goodwill	0%	1.00	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	0.8%	747	741	734	736	847	861	857	869	966	968	1,003	929	1,319	1,315	1,632	1,634	1,678	1,614	1,663	1,646	1,581
Current Liabilities	10.9%	80.00	72.00	63.00	62.00	73.00	84.00	78.00	92.00	188	189	220	188	109	438	456	292	271	253	284	270	271
Long Term Debt	-0.2%	586	588	589	590	689	690	691	692	694	695	696	697	1,164	828	1,127	1,119	1,125	1,101	1,096	1,092	1,030
LT Debt, Current	0%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	110	110	109	109	-	341	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	588	589	590	689	690	691	692	694	695	696	697	1,164	828	1,127	1,119	1,125	1,101	1,096	1,092	1,030
Shareholder's Equity	53.3%	62.00	41.00	34.00	9.00	-88.14	-101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	2.5%	-1,183	-1,213	-1,228	-1,249	-1,339	-1,359	-1,387	-1,407	-1,429	-1,451	-1,670	-1,681	-1,612	-1,629	-1,630	-1,550	-1,464	-1,376	-1,355	-1,332	-1,248
Additional Paid-In Capital	0.2%	1,404	1,402	1,396	1,392	1,386	1,386	1,384	1,379	1,259	1,258	1,240	1,234	1,080	1,089	1,087	1,085	1,082	979	975	971	968
Shares Outstanding	-0.2%	128	128	129	129	129	128	127	129	112	111	110	110	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,106,885	-	-	-	1,054,416	-	-	-	542,629	-	-	-	164,359	-	-	-	227	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	13.4%	29,657	26,152	18,677	15,627	18,514	31,466	27,699	26,374	17,866	30,342	26,754	-14,973	24,574	-15,802	21,498	-25,073	23,890	-14,293	-4,114	11,691	-6,156
Share Based Compensation	-12.9%	4,840	5,559	5,235	5,453	5,041	4,964	4,690	5,404	4,007	3,201	5,403	2,892	1,849	-475	3,739	3,164	2,322	-1,067	4,066	4,318	4,327
Cashflow From Investing	-107.8%	-2,604	33,264	-27,331	22,364	1,559	-31,289	-19,179	-10,895	-9,055	-4,656	-1,178	-9,753	-702	-2,627	-1,293	-4,194	-876	-1,153	36,565	-14,269	11,707
Cashflow From Financing	-102.9%	-13,296	-6,553	-2,412	-104,024	-7,445	-1,736	-20,409	-4,364	-1,879	-4,814	-1,295	-321,608	-3,320	28,438	1,801	-4,865	19,105	670	-663	-2,097	-740
Buy Backs	110.2%	10,137	4,822	-	-	-	-	18,375	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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GOGO Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 104,322	$ 98,597
Operating expenses:
Cost of service revenue (exclusive of amounts shown below)	17,871	16,797
Cost of equipment revenue (exclusive of amounts shown below)	15,786	18,126
Engineering, design and development	9,216	7,879
Sales and marketing	8,283	6,877
General and administrative	14,651	14,199
Depreciation and amortization	3,841	2,791
Total operating expenses	69,648	66,669
Operating income	34,674	31,928
Other expense (income):
Interest income	(2,048)	(1,916)
Interest expense	8,410	8,976
Other (income) expense, net	(13,099)	31
Total other (income) expense	(6,737)	7,091
Income before income taxes	41,411	24,837
Income tax provision	10,921	4,388
Net income	$ 30,490	$ 20,449
Net income attributable to common stock per share
Basic	$ 0.24	$ 0.16
Diluted	$ 0.23	$ 0.15
Weighted average number of shares:
Weighted average shares outstanding basic	129,272	129,136
Weighted average shares outstanding diluted	132,441	133,602
Service [Member]
Revenue:
Total revenue	$ 81,673	$ 78,499
Equipment [Member]
Revenue:
Total revenue	$ 22,649	$ 20,098

GOGO Balance Sheet

2024-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 152,820

$ 139,036

Accounts receivable, net of allowances of $1,855 and $2,091, respectively

49,405

48,233

Inventories

^[1]

69,298

63,187

Prepaid expenses and other current assets

63,782

64,138

Total current assets

335,305

314,594

Non-current assets:

Property and equipment, net

96,042

98,129

Intangible assets, net

57,870

55,647

Operating lease right-of-use assets

69,804

70,552

Investment in convertible note

18,132

Other non-current assets, net of allowances of $614 and $591, respectively

25,577

25,979

Deferred income taxes

206,223

216,638

Total non-current assets

473,648

466,945

Total assets

808,953

781,539

Current liabilities:

Accounts payable

22,823

16,094

Accrued liabilities

47,643

47,649

Deferred revenue

2,150

1,003

Current portion of long-term debt

7,250

Total current liabilities

79,866

71,996

Non-current liabilities:

Long-term debt

586,274

587,501

Non-current operating lease liabilities

71,784

73,047

Other non-current liabilities

8,590

8,270

Total non-current liabilities

666,648

668,818

Total liabilities

746,514

740,814

Commitments and contingencies (Note 15)

Stockholders' equity

Common stock, par value $0.0001 per share; 500,000,000 shares authorized at March 31, 2024 and December 31, 2023; 138,253,311 and 137,632,284 shares issued at March 31, 2024 and December 31, 2023, respectively; and 128,227,127 and 128,462,343 shares outstanding at March 31, 2024 and December 31, 2023, respectively

Additional paid-in capital

1,404,217

1,402,003

Accumulated other comprehensive income

14,966

15,796

Treasury stock, at cost

(173,357)

(163,197)

Accumulated deficit

(1,183,401)

(1,213,891)

Total stockholders' equity

62,439

40,725

Total liabilities and stockholders' equity

$ 808,953

$ 781,539

[1]	See Note 4, “Government Assistance,” for additional information.

About Gogo Inc

Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company operates through Commercial Aviation-North America, Commercial Aviation-Rest of World, and Business Aviation segments. Its platform include networks, antennas, and airborne equipment and software. The company also offers interconnected voice over Internet protocol, and in-flight entertainment services; and voice and data services. In addition, its portfolio comprises of in-flight systems, in-flight services, aviation partner support, engineering, and design and development services; and production operations functions. The company was founded in 1991 and is headquartered in Broomfield, Colorado.

CEO	Mr. Oakleigh Thorne
WEBSITE	gogoair.com
INDUSTRY	Telecom Services
EMPLOYEES	422

Gogo Inc Frequently Asked Questions

What is the ticker symbol for Gogo Inc? What does GOGO stand for in stocks?

GOGO is the stock ticker symbol of Gogo Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Gogo Inc (GOGO)?

As of Fri May 17 2024, market cap of Gogo Inc is 1.37 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GOGO stock?

You can check GOGO's fair value in chart for subscribers.

What is the fair value of GOGO stock?

You can check GOGO's fair value in chart for subscribers. The fair value of Gogo Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Gogo Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GOGO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Gogo Inc a good stock to buy?

The fair value guage provides a quick view whether GOGO is over valued or under valued. Whether Gogo Inc is cheap or expensive depends on the assumptions which impact Gogo Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GOGO.

What is Gogo Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, GOGO's PE ratio (Price to Earnings) is 8.79 and Price to Sales (PS) ratio is 3.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GOGO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Gogo Inc's stock?

In the past 10 years, Gogo Inc has provided -0.029 (multiply by 100 for percentage) rate of return.