Gogo: Q4 Financial Results Overview

Gogo Inc. Reports Fourth Quarter Financial Results

Gogo Inc., headquartered in Broomfield, Colorado, announced a net loss of $10 million for the fourth quarter.

The company recorded a loss of $0.07 per share during this period. After adjusting for one-time expenses and merger-related costs, the loss narrowed to $0.01 per share.

These figures fell short of analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of $0.02 per share.

Despite the loss, Gogo’s revenue for the quarter reached $230.6 million, exceeding the average forecast of $223.1 million from the same group of analysts.

For the full year, Gogo achieved a profit of $12.9 million, or $0.09 per share, with total revenue amounting to $910.5 million.

Looking ahead, the company projects its annual revenue will be between $905 million and $945 million.