Gogo Inc. Q2 Conference Call

Gogo Inc.

reported its second quarter earnings on Monday. Shares of the company are down seven percent. Below are some key highlights from its conference call: Growth and Results: • Q2 was another great quarter for Gogo. • This was another great financial quarter for Gogo, we reported record quarterly revenue of $99.5 million. • Our adjusted EBITDA of $3.1 million for the quarter was down $0.7 million versus last year. • In addition, during the quarter, we introduced our next generation Iridium solutions. • We achieved record revenue of $99.5 million for the quarter, up 25%, versus a second quarter of last year. • In July, we announced a $75 million increase in our credit facility. • Our CA-North America segment profit more than doubled to $6.4 million for the quarter versus $2.7 million a year ago. • Our segment profit margin doubled to 10%, up from 5% a year ago. • Needless to say, we are very pleased with these results. • Our net loss attributable to common stock to the quarter decreased to $18.7 million or $0.22 per share versus a $72.6 million loss or $4.98 per share loss for Q2 of last year. Three Main Goals for the Quarter: • First, sign new aircraft; • Second, trade more in lower-cost bandwidth; • Third, continue to hit our numbers.