GOGO - Gogo CEO Expects 'Order-Of-Magnitude Improvements' With 5G Expansion Plans | Benzinga
Gogo Inc (NASDAQ:GOGO) reported a fourth-quarter (Q4) fiscal 2023 revenue decline of 10% year-on-year to $97.8 million, beating the consensus of $96.5 million.
EPS of broadband connectivity services provider for the business aviation market was $0.11, in line with the consensus.
Service revenue grew 5% Y/Y to $80.9 million. Equipment revenue declined by 45% Y/Y to $16.9 million.
Total ATG aircraft online increased 4% Y/Y to 7,205. The average monthly service revenue per ATG aircraft online (ARPU) was $3,387 versus $3,370 Y/Y. ...