AI Earnings Predictions for Gogo Inc. (GOGO)

EX-99.1

2 gogo-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Press Release

For Immediate Release

Investor Relations Contact:

Media Relations Contact:

Amy Greene

Stacey Giglio

+1 303-301-3313

+1 321-525-4607

agreene@gogoair.com

sgiglio@gogoair.com

Gogo Announces Third Quarter Results

Gogo Completes Amendment and Extension of its ~$600 Million Original Term Loan B Facility

FCC Renews Gogo’s Exclusive, Nationwide Air-to-Ground Spectrum Licenses through 2036

Record Galileo Shipments of 172 and 297 Units Online

Total Revenue of $213.2 Million, Net loss of $3.2 Million, Adjusted EBITDA1 of $41.0 Million

Quarterly Net Cash Provided by Operating Activities of $26.3 Million

Reiterates 2026 Financial Guidance

BROOMFIELD, Colo. - November 6, 2026 – Gogo Inc. (NASDAQ: GOGO) (“Gogo” or the “Company”), a leading global provider of broadband connectivity services for the business and military/government aviation markets, today announced its financial results for the quarter ended September 30, 2026.

“Our third quarter results reflect meaningful progress in Gogo’s transformation from a domestic provider of ATG connectivity into a global provider of high-speed LEO and GEO satellite connectivity to the business aviation and mil/gov markets” said Chris Moore, CEO of Gogo.

“The 10-year renewal of our exclusive, low-band nationwide spectrum allows us to explore growth opportunities in new markets and partnerships as utilization shifts to our newer platforms,” Moore continued. “Meanwhile, we believe that the current positive trends in our LEO and GEO offerings should drive growth in our core markets.”

“We are pleased to announce the amendment and extension of our ~$600 million Term Loan B today as it gives us the flexibility to execute our transformation strategy while directing free cash flow toward further debt reduction,” said Gogo CFO, Zac Cotner.

“Looking ahead, as recurring revenue from our next-generation platforms grow, we expect to benefit from a more favorable revenue mix and greater stability in our forecasting model,” Cotner said.

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Q3 2026 Financial and Operational Highlights

FINANCIAL HIGHLIGHTS ($ in millions)

Q3 2026

vs. Q3 2025

vs. Q2 2026

Total revenue

$213.2

(5%)

(4%)

Service revenue

$182.7

(4%)

(4%)

Business aviation service revenue

$145.6

(10%)

(4%)

Military / Government service revenue

$37.2

+36%

(7%)

Equipment revenue

$30.5

(9%)

(3%)

Net income (loss)

($3.2)

($1.3)

($1.2)

Diluted earnings (loss) per share

($0.02)

($0.01)

($0.01)

Adjusted EBITDA1,2

$41.0

(27%)

(24%)

Net cash provided by operating activities

$26.3

($20.5)

($6.0)

Free Cash Flow1,2

$28.1

($2.5)

$6.5

Cash and cash equivalents

$90.7

($42.9)

$27.6

OPERATIONAL HIGHLIGHTS

Q3 2026

vs. Q3 2025

vs. Q2 2026

Gogo Galileo equipment units shipped3

172

+95%

+59%

Total ATG equipment units sold

142

(68%)

(52%)

Total ATG AOL4

5,399

(17%)

(6%)

Gogo Galileo AOL

297

+1550%

+61%

Broadband GEO AOL

1,285

(4%)

(2%)

~$600 Million Original Term Loan B Amendment & Extension Details

• Extends maturity: Term Loan B extension to October 2030 provides 2.5 years of additional runway to further the Company’s transformation plan.

• Reduces debt: Commits Gogo to $75 million in principal repayments through the end of 2027, with an immediate $25 million paydown, $30 million to be repaid by December 31, 2026, and an additional $20 million to be repaid by December 31, 2027. Inclusive of amortization, overall debt will be reduced by a cumulative $92 million by the end of 2027.

Recent Developments

The following developments occurred during or subsequent to the quarter ended September 30, 2026:

• Textron Aviation announced it will be the first original equipment manufacturer (“OEM”) to include Gogo’s Galileo HDX as a standard fit for its Cessna Citation Longitude, Citation Latitude and Citation Ascend business jets.

• PlaneSense selected Gogo Galileo HDX for its entire fleet of 71 Pilatus PC-12 turboprops and PC-24 jets, as well as future aircraft deliveries, providing high-speed low Earth orbit (“LEO”) connectivity across its fractional ownership fleet. Installations are expected to be completed by the end of 2027.

• During the quarter, Gogo received its first sizeable OEM order for 10 Gogo Galileo FDX and 15 Gogo Galileo HDX units from Bombardier. The products will support their demonstration fleet, after market installations and OEM deliveries.

• Duncan Aviation purchased 40 Gogo Galileo HDX systems, representing Gogo's largest single maintenance, repair and overhaul (“MRO”) order of the year and reflecting growing customer demand for Gogo's LEO connectivity service.

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• TransMedics has contracted with Gogo to equip its fleet of 22 Embraer Phenom 300E aircraft with Gogo Galileo HDX to support time-critical organ transport missions across the United States. Installations are underway, with full fleet deployment expected by mid-2027.

• Gogo unveiled its long-term Galileo technolog

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EX-99.1

2 gogo-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Press Release

For Immediate Release

Investor Relations Contact:

Media Relations Contact:

Collected Strategies

Stacey Giglio

+1 321-525-4607

Gogo-CS@collectedstrategies.com

sgiglio@gogoair.com

GOGO ANNOUNCES FIRST QUARTER RESULTS

Total Revenue of $226.3 million;

Equipment Revenue up 22% Year-Over-Year to $38.6 million on Record ATG Unit Sales

Net Income of $13.1 million, Adjusted EBITDA1 of $53.3 million, up 41% Sequentially

Gogo Galileo and 5G Expected to Ramp in 2026

BROOMFIELD, Colo. - May 7, 2026 – Gogo Inc. (NASDAQ: GOGO) (“Gogo” or the “Company”), a leading global provider of broadband connectivity services for the business and military/government aviation markets, today announced its financial results for the quarter ended March 31, 2026.

“We are pleased with our results in the quarter as Gogo continues its transformation from a domestic provider of air-to-ground (“ATG”) connectivity into a global provider of high-speed broadband to the underpenetrated business and military/government aviation markets,” said Chris Moore, CEO of Gogo. “Gogo Galileo is scaling globally, our sovereign 5G network is live and gaining traction amongst our business and military/government aviation customers, and our geostationary earth orbit (“GEO”) business continues to be resilient.”

Zac Cotner, CFO of Gogo, commented, “Our first quarter reflects the strong demand for our next-generation products as demonstrated by our record ATG and robust Gogo Galileo shipments. Further, our $21.1 million debt principal repayment in April underscores our commitment to de-lever the balance sheet, which remains our top capital allocation priority.”

Q1 2026 Financial Highlights

• Total revenue of $226.3 million decreased 2% compared to Q1 2025 and 2% compared to Q4 2025.

Equipment Revenue

o Equipment revenue of $38.6 million increased 22% compared to Q1 2025 and was flat compared to Q4 2025.

o ATG equipment units sold in Q1 2026 totaled 511, an all-time record, and was up 8% compared to Q4 2025.

o Q1 equipment units shipped for Gogo Galileo, Gogo's new cutting-edge Low Earth Orbit ("LEO") satellite broadband service, totaled 92, down 42% compared to Q4 2025. Cumulative Gogo Galileo equipment shipments reached 410 units.

Service Revenue

o Service revenue of $187.7 million decreased 5% compared to Q1 2025 and decreased 2% compared to Q4 2025.

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▪ Business aviation service revenue of $154.4 million decreased 9% compared to Q1 2025 and 4% compared to Q4 2025.

▪ Military / Government service revenue of $33.4 million increased 14% compared to Q1 2025 and 7% compared to Q4 2025.

• Aircraft online ("AOL") as of March 31, 2026:

o Total ATG AOL2 of 6,116 decreased 11% versus Q1 2025 and 4% versus Q4 2025.

▪ ATG AVANCE AOL of 4,851 increased 3% compared to March 31, 2025 and decreased 2% compared to December 31, 2025.

▪ ATG C-1 AOL of 557 increased 69% from 330 as of December 31, 2025. Gogo's C-1 solution is a simple box swap designed to allow connectivity for Classic ATG customers on Gogo's new LTE network which is expected to come online in 2026.

o Broadband GEO AOL of 1,306 increased 2% compared to March 31, 2025 and decreased 1% compared to December 31, 2025.

o Gogo Galileo AOL of 111 increased 50% from 74 as of December 31, 2025.

• Net income for the quarter was $13.1 million, which includes a $4.9 million pre-tax reduction to the earn-out accrual related to the Satcom Direct acquisition. Net income was $12.0 million in Q1 2025 and ($10.0) million in Q4 2025.

• Adjusted EBITDA1 of $53.3 million decreased 14% compared to Q1 2025 and increased 41% compared to Q4 2025. Adjusted EBITDA includes $6.1 million of expense incurred in the quarter for ongoing litigation matters.

• Net cash (used in) provided by operating activities was $(7.2) million in Q1 2026, down from $32.5 million in Q1 2025 and down from $8.5 million in Q4 2025.

• Free Cash Flow1 of $(19.2) million in Q1 2026 was down from $30.0 million in Q1 2025 and down from $(4.9) million in Q4 2025. Free Cash Flow in the quarter was impacted by annual bonus payouts of $14 million and a reduction in accounts payable and accruals related to inventory purchases.

• Cash and cash equivalents was $103.5 million as of March 31, 2026 compared to $125.2 million as of December 31, 2025 and $70.3 million as of March 31, 2025.

Recent Developments

• The Company received approval for an extension under the FCC Reimbursement Program related to its LTE network deployment through November 8, 2026.

• NetJets Europe is expected to fully roll out Gogo Galileo in the first half of 2026, comprising over half of our current Gogo Galileo AOL. Gogo has also started fleet installations with NetJets North America.

• Gogo has been awarded approximately $7.5 million in contracts from the National Oceanic and Atmospheric Administration (“NOAA”) that will be delivered over the next five years.

• The Company has now completed