NASDAQ$GOGO
Gogo Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Gogo's Q4 2022 earnings were announced, revealing a record revenue and adjusted EBITDA.
Gogo Inc. reported a record fourth quarter with total revenue of $108.2 million, up 17% year-over-year, and a net income from continuing operations of $27.7 million. Adjusted EBITDA reached a record $46.2 million, also up 17% year-over-year.
- Total revenue increased by 17% year-over-year to reach $108.2 million, driven by growth in both service and equipment revenue.
- Service revenue reached a record $77.3 million, representing a 12% increase compared to Q4 2021.
- Equipment revenue also hit a record of $30.8 million, a 34% increase compared to the same quarter last year.
- Adjusted EBITDA increased 17% year-over-year to a record $46.2 million.
Headline financials
Revenue & EPS history
Gogo · Revenue · Quarterly
$108M
Revenue by segment
Gogo · $72M total across 1 segment · Q3 2021
- Business Aviation$72M—100.0%
Forward guidance
Gogo provided financial guidance for 2023, including total revenue in the range of $440 million to $455 million, Adjusted EBITDA of $150 million to $160 million, and Free Cash Flow of $80 million to $90 million. They also provided long-term financial targets, including revenue growth at a compound annual growth rate of approximately 17% from 2022 through 2027.
Tailwinds
- Total revenue in the range of $440 million to $455 million.
- Adjusted EBITDA of $150 million to $160 million.
- Free Cash Flow of $80 million to $90 million.
- Revenue growth at a compound annual growth rate of approximately 17% from 2022 through 2027.
- Annual Adjusted EBITDA Margin in the mid-40% range by 2027.
Headwinds
- Adjusted EBITDA reflects operating expenses of approximately $30 million for strategic and operational initiatives including Gogo 5G and Global Broadband.
- Free Cash Flow includes capital expenditures of approximately $30 million to $40 million, of which $20 million is tied to Gogo 5G.
- The 2023 financial guidance and long-term targets do not reflect the impact of the Federal Communications Commission’s Secure and Trusted Communications Networks Reimbursement Program.
- Global supply chain constraints in 2022.
- Uncertainties and other factors could materially affect financial condition or future results of operations.
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 2022
+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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