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Gogo Inc (GOGO)

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Upturn Advisory Summary
01/09/2026: GOGO (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $13
1 Year Target Price $13
| 1 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -32.35% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 701.40M USD | Price to earnings Ratio - | 1Y Target Price 13 |
Price to earnings Ratio - | 1Y Target Price 13 | ||
Volume (30-day avg) 4 | Beta 0.96 | 52 Weeks Range 4.44 - 16.82 | Updated Date 01/9/2026 |
52 Weeks Range 4.44 - 16.82 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.05 |
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 -0.65% | Operating Margin (TTM) 12.86% |
Management Effectiveness
Return on Assets (TTM) 8.55% | Return on Equity (TTM) -6.63% |
Valuation
Trailing PE - | Forward PE 6.86 | Enterprise Value 1454924057 | Price to Sales(TTM) 0.86 |
Enterprise Value 1454924057 | Price to Sales(TTM) 0.86 | ||
Enterprise Value to Revenue 1.78 | Enterprise Value to EBITDA 11.97 | Shares Outstanding 133854342 | Shares Floating 104130647 |
Shares Outstanding 133854342 | Shares Floating 104130647 | ||
Percent Insiders 24.77 | Percent Institutions 79.03 |
Upturn AI SWOT
Gogo Inc

Company Overview
History and Background
Gogo Inc. was founded in 1991 by Gary Boen as a subsidiary of Airshow, Inc., initially focused on in-flight entertainment. It was later acquired by private equity and rebranded as Gogo in 2006. The company pioneered in-flight internet services, first launching Wi-Fi on commercial aircraft in 2008. Gogo has since evolved to become a leading provider of in-flight connectivity and wireless entertainment solutions for the aviation industry, serving both commercial airlines and business aviation.
Core Business Areas
- Commercial Aviation: Provides in-flight connectivity (Wi-Fi) and entertainment solutions to commercial airlines globally. This includes hardware, software, and network services to enable internet access, streaming, and other digital services for passengers.
- Business Aviation: Offers a range of connectivity and entertainment solutions tailored for private and business jets. This includes advanced satellite and terrestrial-based connectivity, audio/video entertainment systems, and cabin management solutions.
Leadership and Structure
Gogo Inc. is led by a management team with experience in aviation, technology, and telecommunications. The company operates with a functional organizational structure, with departments dedicated to engineering, sales, operations, and customer support, serving its diverse client base across commercial and business aviation sectors.
Top Products and Market Share
Key Offerings
- Gogo AVANCE Platform: A proprietary hardware and software platform that serves as the backbone for Gogo's connectivity solutions. It is designed for scalability and to support a wide range of services, from basic internet access to complex in-flight entertainment and operational data. Market share is significant within the business aviation segment, with a strong installed base. Competitors include Satcom Direct, Inmarsat (via Rockwell Collins/Honeywell offerings), and Viasat.
- Gogo 5G Network: Gogo's next-generation terrestrial network designed to provide high-speed internet to aircraft. This is a key differentiator and future growth driver. Market share is currently nascent as deployment is ongoing. Competitors in high-speed aviation connectivity include Starlink Aviation (SpaceX) and Viasat.
- In-Flight Entertainment (IFE) Systems: Gogo offers a suite of IFE solutions, including content delivery and management systems. These systems enhance the passenger experience on commercial flights. Market share is substantial in the IFE content and delivery segment for airlines. Competitors include Zodiac Aerospace, Panasonic Avionics, and Rockwell Collins.
Market Dynamics
Industry Overview
The in-flight connectivity and entertainment industry is experiencing robust growth driven by increasing passenger demand for seamless internet access and personalized entertainment. The aviation sector is also increasingly leveraging connectivity for operational efficiency and data management. Key trends include the shift to higher-speed networks (5G, LEO satellites), growth in business aviation, and the demand for personalized digital experiences.
Positioning
Gogo is a leading player in the in-flight connectivity market, particularly strong in the North American business aviation sector with its AVANCE platform. Its strategic investment in its proprietary 5G terrestrial network is a key competitive advantage, aiming to offer superior performance and lower latency. Gogo also holds a significant presence in commercial aviation, though facing increasing competition.
Total Addressable Market (TAM)
The global in-flight connectivity market is substantial and projected to grow significantly. Estimates vary, but reports suggest the TAM could reach tens of billions of dollars annually in the coming years, encompassing both commercial and business aviation. Gogo is well-positioned to capture a significant portion of this TAM, especially with its expanding 5G network and continued innovation in its AVANCE platform, though it faces intense competition from satellite-based providers.
Upturn SWOT Analysis
Strengths
- Established market presence and brand recognition, especially in business aviation.
- Proprietary AVANCE platform offers a scalable and integrated solution.
- Significant investment in and development of its 5G terrestrial network.
- Strong customer relationships with major airlines and business jet operators.
Weaknesses
- Reliance on terrestrial network infrastructure can be a limitation in remote areas compared to satellite solutions.
- High capital expenditures required for network build-out and technology upgrades.
- Competitive pricing pressures from emerging technologies and players.
- Historical reliance on older technologies in some segments.
Opportunities
- Expansion of 5G network coverage and services.
- Growth in global business aviation and increasing demand for high-speed connectivity.
- Development of new value-added services and applications leveraging connectivity.
- Partnerships with airlines to offer enhanced passenger experiences and operational efficiencies.
- Potential for international market expansion.
Threats
- Intensifying competition from satellite-based providers (e.g., Starlink Aviation, Viasat).
- Rapid technological advancements requiring continuous investment and adaptation.
- Economic downturns impacting air travel and discretionary spending.
- Regulatory changes or spectrum availability issues.
- Cybersecurity risks and data privacy concerns.
Competitors and Market Share
Key Competitors
- Viasat Inc. (VSAT)
- Inmarsat (part of Viasat)
- Hughes Network Systems (part of EchoStar Corporation)
- Starlink Aviation (SpaceX)
Competitive Landscape
Gogo's advantage lies in its established network and strong position in North American business aviation, along with its proprietary 5G terrestrial network. However, it faces significant competition from Viasat and Inmarsat, which have strong global satellite networks, and the emerging threat from Starlink Aviation, which offers high-speed, low-latency satellite internet. Gogo's ability to execute its 5G rollout and offer a compelling service at competitive price points will be critical.
Growth Trajectory and Initiatives
Historical Growth: Gogo has demonstrated growth driven by the increasing adoption of in-flight connectivity. Its transition from a primarily hardware-focused business to a service-centric model has been a key part of its historical growth. The expansion of its network and service offerings has been central to its development.
Future Projections: Future growth is projected to be driven by the rollout and adoption of its 5G network, continued expansion in business aviation, and the potential for increased penetration in commercial aviation. Analyst estimates typically forecast revenue growth driven by service subscriptions and new installations. (Specific analyst projections are dynamic and require current market analysis.)
Recent Initiatives: Key recent initiatives include the ongoing deployment of its 5G network, strategic partnerships to expand its service reach, and the continuous development of its AVANCE platform to support new features and services. The company has also focused on optimizing its operational efficiency and strengthening its market position.
Summary
Gogo Inc. is a prominent player in the in-flight connectivity market, with a strong foothold in business aviation and a strategic focus on its proprietary 5G terrestrial network. Its strengths lie in its established infrastructure and customer base. However, the company faces intense competition from satellite providers and requires substantial capital investment for network expansion. Continued innovation and effective execution of its 5G strategy are crucial for its future growth and market position.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Financial news outlets and market data providers (e.g., Bloomberg, Refinitiv)
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data and projections are estimates and may vary. Investors should conduct their own due diligence before making any investment decisions.
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 J. 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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