NASDAQ$GOGO
Gogo Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Gogo's Q4 2020 financial results were announced, with a focus on continuing operations after the sale of the Commercial Aviation division. The company provided 2021 guidance and long-term targets, highlighting revenue growth and adjusted EBITDA margins.
Gogo's Q4 2020 total revenue reached $77.6 million, reflecting a 17% sequential improvement. The company reported a net loss of $16.1 million and an adjusted EBITDA of $19.3 million, including a full-year accrual of employee bonus expense. The number of ATG aircraft online grew by nearly 4% sequentially, and average monthly connectivity service revenue per ATG aircraft online increased by more than 2% sequentially.
- Total revenue reached $77.6 million, showing a 17% sequential increase.
- Net loss stood at $16.1 million, with adjusted EBITDA at $19.3 million, inclusive of employee bonus expenses.
- ATG aircraft online increased by almost 4% sequentially, surpassing pre-COVID-19 levels.
- Average monthly connectivity service revenue per ATG aircraft online grew by over 2% sequentially.
Headline financials
Revenue & EPS history
Gogo · Revenue · Quarterly
$77.6M
Revenue by segment
Gogo · $72M total across 1 segment · Q3 2021
- Business Aviation$72M—100.0%
Forward guidance
Gogo provided its 2021 financial guidance, expecting total revenue in the range of $300 million to $320 million and adjusted EBITDA in the range of $105 million to $120 million, including approximately $12 million of 5G-related expenses and excluding approximately $4 million of non-recurring separation and migration costs related to the sale of the CA division. Capital expenditures are projected to be in the range of $25 million to $30 million, primarily tied to Gogo 5G.
Tailwinds
- Total revenue expected in the range of $300 million to $320 million.
- Adjusted EBITDA projected between $105 million and $120 million.
- Comprehensive refinancing expected to significantly reduce interest expense.
- Capital expenditures primarily tied to Gogo 5G deployment.
- Revenue growth at a compounded annual growth rate of at least 10% from 2020 to 2025.
Headwinds
- Adjusted EBITDA includes approximately $12 million of 5G-related expenses.
- Adjusted EBITDA excludes approximately $4 million of non-recurring separation and migration costs.
- Capital expenditure in the range of $25 million to $30 million.
- COVID-19 pandemic impact on air travel demand.
- Potential risks associated with the development and deployment of next-generation ATG technology.
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 Q4 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
| Quarter | Report date | Reaction (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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