Brief: Gogo Announces Record First Quarter Results And Updates 2022 Guidance

Gogo

05/05/2022 13:00

May 5 (Reuters) - Gogo Inc  GOGO.O :
    * GOGO ANNOUNCES RECORD FIRST QUARTER RESULTS AND UPDATES
2022
GUIDANCE
    * Q1 EARNINGS PER SHARE $0.18 FROM CONTINUING OPERATIONS
    * Q1 REVENUE ROSE 26 PERCENT TO $92.8 MILLION
    * SAYS GOGO 5G ON TRACK FOR COMMERCIAL LAUNCH IN SECOND HALF
OF
2022
    * SEES 2022 TOTAL REVENUE IN RANGE OF $390 MILLION TO $400
MILLION
VERSUS PRIOR GUIDANCE OF $380 MILLION TO $395 MILLION
    * SEES 2022 ADJUSTED EBITDA AT HIGH END OF PREVIOUSLY GUIDED
RANGE
OF $150 MILLION TO $160 MILLION
    * SAYS REITERATES ITS BASELINE LONG-TERM TARGETS
    * FY2022 REVENUE VIEW $388.1 MILLION -- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $0.13, REVENUE VIEW $89.3
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn7Mk69Za 
Further company coverage:  GOGO.O 

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