Electronically steered antennas will be a major part of the next generation of connectivity for the business aviation world. Both Satcom Direct and Gogo made progress on that front this week, offering updates to their terminal development and testing.
Galileo
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.