Gogo (NASDAQ:GOGO) Posts Earnings Results, Misses Estimates By $0.26 EPS

Gogo (NASDAQ:GOGO) released its quarterly earnings results on Friday. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.26), Briefing.com reports. The business had revenue of $137.80 million during 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 company’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. Gogo updated its FY 2025 guidance to EPS.

Gogo Stock Performance

Shares of NASDAQ GOGO traded down $0.01 during midday trading on Friday, reaching $6.86. The company had a trading volume of 4,955,731 shares, compared to its average volume of 1,057,965. Gogo has a 1 year low of $6.17 and a 1 year high of $11.00. The business’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $7.59. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. The stock has a market cap of $862.84 million, a P/E ratio of 15.95 and a beta of 1.01.

Institutional Investors Weigh In On Gogo

An institutional investor recently raised its position in Gogo stock. Brighton Jones LLC boosted its position in shares of Gogo Inc. (NASDAQ:GOGO) by 69.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,000 shares of the technology company’s stock after acquiring 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 reporting period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Gogo Company Profile

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.