GOGO Q2 2023 Earnings — Gogo Inc. Revenue & Financial Results | Market Cap Arena

GOGOGogo Inc.

$626M

Q2 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$103M+5.5% YoY

Gross Profit

$69M66.7% margin

Operating Income

$34M33.0% margin

Net Income

$90M87.0% margin

EPS (Diluted)

$0.67

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$7M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$746M

Total Liabilities

$736M

Stockholders' Equity

$9M

Cash & Equivalents

$97M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$103M	$98M	+5.5%
Gross Profit	$69M	$65M	+5.6%
Operating Income	$34M	$32M	+5.3%
Net Income	$90M	$22M	+308.1%

Revenue Segments

Service

$79M77%

Product

$24M23%