Gogo (NASDAQ:GOGO) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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

Gogo Stock Performance

Shares of GOGO opened at $6.86 on Friday. Gogo has a 1 year low of $6.17 and a 1 year high of $11.00. The company has a market cap of $862.84 million, a price-to-earnings 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. The firm has a fifty day moving average of $7.77 and a 200-day moving average of $7.58.

Hedge Funds Weigh In On Gogo

A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC grew its position in shares of Gogo Inc. (NASDAQ:GOGO) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.