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Gogo Inc (GOGO)



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Upturn Advisory Summary
04/01/2025: GOGO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -41.19% | Avg. Invested days 23 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.13B USD | Price to earnings Ratio 86.2 | 1Y Target Price 11.5 |
Price to earnings Ratio 86.2 | 1Y Target Price 11.5 | ||
Volume (30-day avg) 1856577 | Beta 1.01 | 52 Weeks Range 6.17 - 11.00 | Updated Date 03/31/2025 |
52 Weeks Range 6.17 - 11.00 | Updated Date 03/31/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.09% | Operating Margin (TTM) 16.45% |
Management Effectiveness
Return on Assets (TTM) 6.51% | Return on Equity (TTM) 24.98% |
Valuation
Trailing PE 86.2 | Forward PE 17.24 | Enterprise Value 2005408094 | Price to Sales(TTM) 2.49 |
Enterprise Value 2005408094 | Price to Sales(TTM) 2.49 | ||
Enterprise Value to Revenue 4.51 | Enterprise Value to EBITDA 21.34 | Shares Outstanding 131350000 | Shares Floating 93973135 |
Shares Outstanding 131350000 | Shares Floating 93973135 | ||
Percent Insiders 24.88 | Percent Institutions 77.23 |
Analyst Ratings
Rating 3.75 | Target Price 12.75 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Gogo Inc

Company Overview
History and Background
Gogo Inc, formerly known as Aircell, was founded in 1991. It initially focused on air-to-ground communication services for business aviation. The company achieved a major milestone in 2008 by launching commercial in-flight internet for airlines.
Core Business Areas
- Business Aviation: Provides in-flight connectivity solutions for business aircraft, including Wi-Fi services, hardware, and software.
- Commercial Aviation: Offers in-flight connectivity and entertainment solutions for commercial airlines, primarily in North America. (Note: Gogo sold its Commercial Aviation business in 2020).
Leadership and Structure
Oakleigh Thorne is the Chairman and CEO. The company has a typical corporate structure with departments for technology, finance, operations, and sales.
Top Products and Market Share
Key Offerings
- AVANCE L5: A 4G air-to-ground (ATG) system for business aviation. While market share data is not readily available, Gogo is a major player in business aviation connectivity. Competitors include SmartSky Networks, and Viasat.
- AVANCE LX5: A combined 5G and LTE air-to-ground (ATG) system for business aviation. While market share data is not readily available, Gogo is a major player in business aviation connectivity. Competitors include SmartSky Networks, and Viasat.
Market Dynamics
Industry Overview
The in-flight connectivity market is growing, driven by increasing passenger demand for internet access. The industry is becoming more competitive, with new technologies like satellite-based connectivity emerging.
Positioning
Gogo is a leading provider of air-to-ground (ATG) connectivity solutions, particularly for business aviation. Its competitive advantages include its established network and customer base.
Total Addressable Market (TAM)
The business aviation connectivity TAM is estimated to be in the billions of dollars. Gogo is well-positioned to capture a significant share of this market with its ATG technology and established relationships.
Upturn SWOT Analysis
Strengths
- Established brand recognition
- Extensive air-to-ground (ATG) network
- Strong customer relationships in business aviation
- Proprietary technology
Weaknesses
- Reliance on ATG technology (less competitive against satellite solutions in global markets)
- Limited presence in commercial aviation after the sale of that segment
- Capital intensive to expand network
Opportunities
- Expanding ATG network to new regions
- Developing new connectivity solutions for business aviation
- Partnering with satellite providers to offer hybrid solutions
- 5G Network Upgrades
Threats
- Competition from satellite-based connectivity providers (e.g., Starlink, Viasat)
- Technological advancements that could render ATG obsolete
- Economic downturn impacting business aviation
- Regulatory changes affecting in-flight connectivity
Competitors and Market Share
Key Competitors
- VSAT
- HLIT
Competitive Landscape
Gogo's advantage is its ATG network, particularly in North America. However, it faces increasing competition from satellite-based solutions, which offer broader coverage.
Major Acquisitions
Airspan Networks
- Year: 2021
- Acquisition Price (USD millions): 51.8
- Strategic Rationale: Enhanced Gogo's ability to develop and deploy its 5G air-to-ground network.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been impacted by the sale of the commercial aviation business and the transition to next-generation ATG technology.
Future Projections: Future growth is expected to be driven by increased adoption of in-flight connectivity in business aviation and the deployment of 5G ATG networks.
Recent Initiatives: Recent strategic initiatives likely include expanding the ATG network, developing new products for business aviation, and investing in 5G technology.
Summary
Gogo Inc. is a leading player in business aviation connectivity, with a strong ATG network. The company faces challenges from satellite-based competition but is investing in 5G to maintain its edge. Gogo needs to continue innovating and expanding its network to capitalize on the growing demand for in-flight connectivity. They recently acquired Airspan Networks to grow their 5G network. Maintaining financial discipline and managing competition will be crucial for future success.
Similar Companies
- VSAT
- HLIT
- GILAT
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Press Releases
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data may be estimates and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gogo Inc
Exchange NASDAQ | Headquaters Broomfield, CO, United States | ||
IPO Launch date 2013-06-21 | CEO & Director Mr. Christopher Moore | ||
Sector Communication Services | Industry Telecom Services | Full time employees 790 | Website https://www.gogoair.com |
Full time employees 790 | Website https://www.gogoair.com |
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. The company offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. It offers voice and data, in-flight entertainment, and other services. In addition, the company engages in the development, deployment, and operation of networks, towers, cyber security software and data centers to support in-flight connectivity services, as well as in the provision of telecommunications services. It sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.
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