NASDAQ$GOGO

Gogo Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Gogo's financial performance declined due to the impact of COVID-19 and other factors, but the company took actions to reduce costs and maintain its franchise.

Gogo's Q1 2020 results were impacted by the COVID-19 pandemic, with consolidated revenue of $184.5 million and a net loss of $84.8 million. The company implemented cost-saving measures, including workforce furloughs and compensation reductions, to mitigate the impact of the pandemic.

  • Consolidated revenue reached $184.5 million.
  • Net loss was $84.8 million, including charges related to asset impairment and credit loss reserves.
  • Adjusted EBITDA was $25.7 million.
  • Free Cash Flow was $22.7 million.

Headline financials

Total Revenue

$184M

Previous: $200M-7.6%
EPS (adj)

-$0.47

Previous: -$0.25-88.0%
Capital Expenditures

-$13.2M

Previous: -$23.2M+43.0%
Free Cash Flow

-$98M

Previous: -$40M-145.2%
Net Income

-$84.8M

Previous: -$16.8M-404.7%
Operating Income

-$51.1M

Previous: $11.4M-546.0%
Gross Profit

-$6.76M

No prior period
Cash & Equivalents

$214M

Previous: $189M+13.5%
Total Assets

$1.19B

Previous: $1.3B-8.1%

Revenue & EPS history

Gogo · Revenue · Quarterly

$184M

Q1 2020-7.6%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Gogo · $70.9M total across 1 segment · Q1 2020

  • Business Aviation
    $70.9M+0.5%

Forward guidance

Due to the significant impact of the COVID-19 pandemic on global air travel, Gogo is not providing 2020 financial guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+3.0%

Avg return

Earnings day

+5.6%

Avg return

5 days after

+11.5%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+45.4%

Q1 2025

Best reaction

-18.0%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.4%-2.6%-12.1%
Q4 2025-3.4%+20.5%-0.9%
Q3 2025-12.8%-15.5%-19.4%
Q1 2025+45.4%+61.0%+46.8%
Q4 2024-0.1%+12.1%+3.1%
Q3 2024+22.4%+22.3%+12.7%
Q2 2024-3.7%-8.5%-0.9%
Q1 2024+3.8%+8.4%+10.4%
Q4 2023-6.7%-3.9%+0.3%
Q3 2023-3.2%-5.1%-3.8%
Q2 2023-17.1%-16.4%-20.4%
Q1 2023-4.8%-6.7%+19.5%
Q4 2022+12.0%+14.9%-2.4%
Q3 2022+0.4%+1.4%+7.3%
Q2 2022-13.1%-8.6%-23.3%
Q1 2022-4.3%-3.9%+6.1%
Q4 2021+20.0%+17.1%+39.1%
Q3 2021-6.3%-7.1%-23.4%
Q2 2021+15.5%+26.2%+30.4%
Q1 2021+13.0%+17.5%+45.0%
Q4 2020-10.7%-13.7%-14.9%
Q3 2020+5.8%+19.5%+28.8%
Q2 2020+3.5%+6.6%+191.4%
Q1 2020+25.7%+30.7%+114.3%
Q4 2019-6.7%+8.3%+8.5%
Q3 2019+3.2%+1.3%-10.2%
Q2 2019+19.9%+21.8%+23.8%
Q1 2019+5.6%+6.8%-9.5%
Q4 2018-1.6%+0.7%+9.9%
Q3 2018+19.5%+6.7%-33.0%
Q2 2018+10.4%+13.8%+11.7%
Q1 2018-18.0%-44.5%-48.0%
Q4 2017-15.5%-9.2%-15.9%
Q3 2017-11.9%-8.3%+13.1%
Q2 2017-4.3%-4.3%+9.8%
Q1 2017+7.1%+7.1%-4.2%
Q4 2016+16.2%+17.2%+19.0%
Q3 2016-1.6%+0.0%-4.9%
Q2 2016+22.1%+34.4%+46.0%
Q1 2016-5.9%
Q4 2015+1.0%
Q2 2015-8.8%
Q1 2015-4.4%
Q4 2014+2.8%
Q3 2014+9.3%
Q2 2014-9.1%
Q1 2014+7.6%
Q4 2013-8.5%
Q3 2013+32.9%
Q2 2013-1.9%
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010

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