Gogo (NASDAQ:GOGO) Announces Earnings Results

Gogo (NASDAQ:GOGO) announced its quarterly earnings data on Friday. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, Zacks reports. The business had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $97.80 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The business’s revenue was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Gogo updated its FY 2025 guidance to EPS.

Gogo Stock Down 0.1 %

NASDAQ:GOGO opened at $6.86 on Friday. The firm has a market cap of $862.84 million, a P/E ratio of 15.95 and a beta of 1.01. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. Gogo has a fifty-two week low of $6.17 and a fifty-two week high of $11.00. The firm has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $7.57.

Institutional Trading of Gogo

A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC boosted its holdings in Gogo Inc. (NASDAQ:GOGO) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,000 shares of the technology company’s stock after buying an additional 6,978 shares during the quarter. Brighton Jones LLC’s holdings in Gogo were worth $138,000 at the end of the most recent quarter. 69.60% of the stock is owned by institutional investors.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.