GOGO Q1 2024 Earnings — Gogo Inc. Revenue & Financial Results | Market Cap Arena

GOGOGogo Inc.

$626M

Q1 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$104M+5.8% YoY

Gross Profit

$71M67.7% margin

Operating Income

$35M33.2% margin

Net Income

$30M29.2% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$25M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$809M

Total Liabilities

$747M

Stockholders' Equity

$62M

Cash & Equivalents

$153M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$104M	$99M	+5.8%
Gross Profit	$71M	$64M	+11.0%
Operating Income	$35M	$32M	+8.6%
Net Income	$30M	$20M	+49.1%

Revenue Segments

Service

$82M78%

Product

$23M22%