Categories Earnings, Technology

Gogo (NASDAQ: GOGO): Q4 2019 Earnings Snapshot

— Gogo (NASDAQ: GOGO) reported a fourth-quarter 2019 loss of $0.28 per share versus a loss of $0.49 per share expected.

— Total revenue rose by 2% to $221.3 million versus $207.23 million expected.

Earnings Update by AlphaStreet

— Service revenue from Commercial Aviation – North America fell by 4% on the deinstallation of ATG equipment on American Airlines aircraft. However, equipment revenue plunged by 16% due to the shift in mix from airline-directed to turnkey installations.

— Service revenue from Commercial Aviation – Rest of World increased by 20% on higher aircraft online while equipment revenue dropped by 25% due to a shift in mix from airline-directed to turnkey installations.

— Service revenue in Business Aviation grew by 14% on higher ATG units online and average monthly service revenue per ATG unit online while equipment revenue rose by 22% on continuing strong demand for Avance L5 and L3 systems.

— Qatar Airways selected Gogo’s 2Ku solution for high-speed inflight connectivity and live TV on 70 Boeing and Airbus aircraft, with service expected to begin in 2020.

— The company is not providing 2020 financial guidance given the uncertain impact of the quickly evolving Covid-19 or coronavirus pandemic will have on its business.

— Gogo is closely tracking the impact of the virus on global travel and its airline partners specifically.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  NVIDIA Corp (NVDA) Q3 2020 Earnings Call Transcript

Most Popular

Walt Disney (DIS): After a tough FY20, the pandemic is likely to take a toll on operations next year too

The Walt Disney Company (NYSE: DIS) had a tough time in fiscal year 2020 with the COVID-19 pandemic bringing its operations to a standstill like never before. The company incurred

Earnings reports to watch for the week of Nov. 30

The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system

Yunji Inc. (YJ) Q3 2020 Earnings Call Transcript

Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen

Tags

Top