Gogo’s new 5G chipset is out of the labs, and its C1 LRU is ready to swap in for legacy ATG connections, two major milestones for its upgraded connectivity plans.
AVANCE LX5
Another profitable quarter for Gogo, along with another 5G program slip
Gogo continues to deliver profitable quarterly earnings, including growing service revenue in Q2 2024. Timing on its next generation programs, however, continues to slip.
Gogo 5G slips a bit, with massive install forecast
Gogo’s next-gen connectivity solution will be delayed a few more months, but the company still expects to be online by the end of the year. And it is forecasting massive install growth to follow.
Slower upgrade pacing hits Gogo’s hardware deliveries
Gogo has, once again, revised its revenue guidance lower for 2023. The company now expects 2023 full year revenue between $390-400 million, down from a forecast $440-455 million forecast at the beginning of the year.
Gogo reports record service revenue, reduces forecast
Chalk up another record revenue quarter for Gogo. But the company expects the next couple years to be rough, with downward revisions on revenue, free cash flow, and other metrics.
Gogo launches AVANCE LX5, a more compact ATG solution
The new Gogo 5G solution is still a year-ish away for aircraft owners, but the company announced availability of AVANCE LX5, an upgrade to the L5 solution that delivers a more compact installation on board.