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Gogo Clocks 21% Revenue Growth In Q3 Backed By Record AVANCE Equipment Shipments

Gogo Clocks 21% Revenue Growth In Q3 Backed By Record AVANCE Equipment Shipments

在創紀錄的Avance設備出貨量的支持下，Gogo第三季度收入增長21%
Benzinga Real-time News ·  2022/11/03 13:12
  • Gogo Inc (NASDAQ:GOGO) reported third-quarter FY22 revenue growth of 21% year-on-year to $105.3 million, beating the consensus of $101.9 million.
  • Service revenue grew 14% Y/Y to $75.3 million. Equipment revenue rose 43% Y/Y to $30.1 million.
  • Total ATG aircraft online increased 10% Y/Y to 6,777. The average monthly service revenue per ATG aircraft online (ARPU) was $3,376, up 3% Y/Y. Total AVANCE units online grew 38% Y/Y to 3,079.
  • Adjusted EBITDA rose 7% Y/Y to $43.7 million.
  • EPS of $0.15 was in-line with the consensus.
  • Gogo held $152.2 million in cash and equivalents and generated $27.7 million in operating cash flow.
  • "Gogo's record AVANCE equipment shipments in the third quarter underscore our ability to execute in a robust, underpenetrated Business Aviation market," said Oakleigh Thorne, Chairman, and CEO. "Looking ahead, the roll-out of commercial Gogo 5G services and our LEO-based Global Broadband offering will continue to elevate our performance and expand our addressable market."
  • Outlook: Gogo raised the total revenue forecast to $395 million - $405 million versus prior guidance at the high end of the range of $390 million - $400 million, above the consensus of $399.50 million.
  • Gogo reiterated its revenue growth forecast at a CAGR of 17% from 2021 through 2026, reflecting Global Broadband contribution starting in 2025.
  • Price Action: GOGO shares traded higher by 1.76% at $15.05 on the last check Thursday.
  • Photo Via Company
  • Gogo Inc.納斯達克(Sequoia Capital：GOGO)公佈22財年第三季度營收同比增長21%，達到1.053億美元，超過了1.019億美元的共識。
  • 服務收入同比增長14%，達到7530萬美元。設備收入同比增長43%，至3,010萬美元。
  • ATG在線飛機總數同比增長10%，達到6777架。每架ATG在線飛機(ARPU)的平均月度服務收入為3376美元，同比增長3%。在線Avance總銷量同比增長38%，至3079架。
  • 調整後的EBITDA同比增長7%，至4370萬美元。
  • 每股收益0.15美元符合市場普遍預期。
  • Gogo持有1.522億美元的現金和等價物，產生了2770萬美元的運營現金流。
  • Gogo董事長兼首席執行官Oakleigh Thorne説：“Gogo第三季度創紀錄的Avance設備出貨量突顯了我們在一個強勁、滲透不足的商務航空市場中執行任務的能力。展望未來，商用Gogo 5G服務的推出和我們基於LEO的全球寬帶產品將繼續提升我們的業績，並擴大我們的潛在市場。“
  • 展望：Gogo將總收入預測上調至3.95億-4.05億美元，而此前的指引為3.9億-4億美元的高端，高於共識的3.995億美元。
  • Gogo重申了其從2021年到2026年的17%的收入年複合增長率預測，反映了從2025年開始的全球寬帶貢獻。
  • 價格行動：在週四的最後一次檢查中，Gogo的股價上漲了1.76%，達到15.05美元。
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