Gogo Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 3.27
Dividend & YieldN/A$ (N/A)
Beta 1.25
Market capitalization 1.95B
Operating cash flow 101.88M
ESG Scores unknown

Company description

Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services. It also offers suite of integrated equipment, network, and internet connectivity products and services, as well as includes suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. In addition, the company portfolio comprises of in-flight network, in-flight systems, in-flight services, aviation partner support, and production operations functions. Further, the company offers satellite-based voice and data services. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.

Sector: Communication Services - Industry: Telecom Services

Financial Ratios
Quick Ratio1.13
Working Capital2.49
Return On Equity-0.48
Debt To Equity-2.17
Fixed Asset Ratio0.11
Fixed Interest Cover1.79

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -7.32M -524k 5.86M 2.52M
Total Cashflows From Investing Activities 41.81M -73.71M 348.4M -24.09M
Net Borrowings 37.31M 19.82M 48.71M -305.54M
Total Cash From Financing Activities 27.31M -3.54M 44.42M -331.04M
Change To Operating Activities 1.35M -27.9M 5.57M -13.81M
Issuance Of Stock 396k 325k
Net Income -162.03M -146M -250.04M 152.74M
Change In Cash -12.61M -13.44M 258.19M -289.6M
Effect Of Exchange Rate 578k -250k -1.95M 40k
Total Cash From Operating Activities -82.31M 64.06M -132.69M 65.49M
Depreciation 18.86M 16.69M 14.17M 15.48M
Change To Account Receivables 383k -11.57M -8.12M -3.71M
Other Cashflows From Financing Activities -10.39M -23.69M -4.28M -25.5M
Change To Netincome 45.24M 201.73M 72.99M -86.95M
Capital Expenditures -2.73M -1.49M -1.82M -4.26M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 18.52M 26.01M 25.23M 24.87M
Income Before Tax -55.81M -87.93M -48.7M -30.64M
Net Income -162.03M -146M -250.04M 152.74M
Selling General Administrative 82.3M 75.86M 69.6M 72.54M
Gross Profit 197.6M 215.1M 185.35M 233.52M
Ebit 82.42M 96.53M 76.35M 120.63M
Operating Income 82.42M 96.53M 76.35M 120.63M
Interest Expense -122.62M -130.47M -125.79M -67.47M
Income Tax Expense -3.35M 563k -146k -187.23M
Total Revenue 290.15M 308.99M 269.72M 335.72M
Cost Of Revenue 92.56M 93.89M 84.37M 102.19M
Total Other Income ExpenseNet -138.23M -184.47M -125.06M -151.27M
Net Income From Continuing Ops -52.46M -88.5M -48.56M 156.59M
Net Income Applicable To Common Shares -162.03M -146M -250.04M 151.25M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.53B 1.61B 1.31B 967.84M
Total Stockholder Equity -268.76M -398.89M -641.11M -320.15M
Other Current Liabilities 100.13M 206.61M 36.13M 26.75M
Total Assets 1.27B 1.21B 673.59M 647.69M
Common Stock 9k 9k 9k 11k
Other Current Assets 16.52M 176.74M 6.39M 23.3M
Retained Earnings -1.23B -1.38B -1.63B -1.45B
Treasury Stock -3.55M -2.26M -99.87M -127.01M
Cash 184.16M 170.02M 435.35M 145.91M
Total Current Liabilities 299.69M 252.64M 438.13M 188.52M
Other Stockholder Equity -3.55M -2.26M -1.01M 1.79M
Property, Plant, and Equipment 511.87M 104.99M 97.18M 134.66M
Total Current Assets 585.53M 424.82M 512.23M 249.91M
Net Tangible Assets -352.25M -450.69M -693.81M -369.71M
Net Receivables 144.73M 42.86M 42.25M 44.2M
Accounts Payable 23.86M 5.5M 11.01M 17.2M


Insider Transactions

Here are the insider transactions of stock shares related to Gogo Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BETJEMANN JESSICAStock Award(Grant) at price 0.00 per share.D2022-09-14Officer and Treasurer3.09k
BETJEMANN JESSICAConversion of Exercise of derivative security at price 12.95 per share.D2022-09-14Officer and Treasurer3.09k
BETJEMANN JESSICAD2022-08-31Officer and Treasurer166
AGUIRRE SERGIO AD2022-07-29President1.03k
BETJEMANN JESSICAD2022-06-08Officer and Treasurer1.25k
BETJEMANN JESSICASale at price 19.81 per share.D2022-05-26Officer and Treasurer8k
ELIAS MARGUERITE MSale at price 18.79 per share.D2022-05-24General Counsel30k
THORNDALE FARM, INC.Conversion of Exercise of derivative security at price 6.00 per share.I2022-05-06Beneficial Owner of more than 10% of a Class of Security1.33M
THORNE OAKLEIGHD2022-03-29Chief Executive Officer43.02k
ROWAN BARRY LD2022-03-29Chief Financial Officer18.32k
JACKSON KAREND2022-03-29Officer12.93k
ELIAS MARGUERITE MD2022-03-29General Counsel12.93k
AGUIRRE SERGIO AD2022-03-29Officer18.32k
BETJEMANN JESSICAD2022-03-29Officer and Treasurer7.14k
ELIAS MARGUERITE MConversion of Exercise of derivative security at price 18.91 per share.D2022-03-24General Counsel25.38k
THORNE OAKLEIGHD2022-03-17Chief Executive Officer18.75k
ROWAN BARRY LD2022-03-17Chief Financial Officer8k
JACKSON KAREND2022-03-17Officer8k
ELIAS MARGUERITE MD2022-03-17General Counsel8k
AGUIRRE SERGIO AD2022-03-17Officer8k
BETJEMANN JESSICAD2022-03-17Officer and Treasurer2.75k
THORNE OAKLEIGHD2022-03-10Chief Executive Officer27.5k
ROWAN BARRY LD2022-03-10Chief Financial Officer11.69k
JACKSON KAREND2022-03-10Officer6.5k
ELIAS MARGUERITE MD2022-03-10General Counsel11.69k
AGUIRRE SERGIO AD2022-03-10Officer11.69k
BETJEMANN JESSICAD2022-03-10Officer and Treasurer6.5k
THORNE OAKLEIGHD2022-03-04Chief Executive Officer6.62k
ROWAN BARRY LD2022-02-17Chief Financial Officer2.75k
JACKSON KAREND2022-02-17Officer974
ELIAS MARGUERITE MD2022-02-17General Counsel2.75k
AGUIRRE SERGIO AD2022-02-17Officer974
BETJEMANN JESSICAD2022-02-17Officer and Treasurer924
ROWAN BARRY LD2021-12-31Chief Financial Officer53.28k
ROWAN BARRY LStock Gift at price 0.00 per share.D2021-12-14Chief Financial Officer65k
ROWAN BARRY LConversion of Exercise of derivative security at price 2.14 - 4.57 per share.D2021-12-09Chief Financial Officer65k
BETJEMANN JESSICAConversion of Exercise of derivative security at price 12.13 per share.D2021-09-14Officer and Treasurer12.37k
BETJEMANN JESSICAD2021-08-31Officer and Treasurer166
AGUIRRE SERGIO AD2021-07-30Officer1.03k
BAYER MICHAEL PSale at price 14.44 - 14.45 per share.D2021-06-08Officer6.67k
CRANDALL ROBERT LPurchase at price 11.44 per share.I2021-05-10Director50k
ROWAN BARRY LD2021-04-23Chief Financial Officer5k
GTCR PARTNERS XII A&C L PStock Award(Grant) at price 0.00 per share.I2021-04-09Beneficial Owner of more than 10% of a Class of Security19.06M
THORNE OAKLEIGHD2021-03-17Chief Executive Officer18.75k
ROWAN BARRY LD2021-03-17Chief Financial Officer8k
JACKSON KAREND2021-03-17Officer8k
ELIAS MARGUERITE MD2021-03-17General Counsel8k
BAYER MICHAEL PD2021-03-17Officer2.75k
AGUIRRE SERGIO AD2021-03-17Officer8k
JACKSON KAREND2021-03-12Officer232
ELIAS MARGUERITE MD2021-03-12General Counsel960

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Gogo Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Gogo Inc

Here is the result of two systematic investment strategies applied to Gogo Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Gogo Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Gogo Inc:

Gogo Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 273.67% on the backtest period.

Performance at glance

Performance

273.67 %

Latent gain

4785.32 $

Invested capital

1748.6 $

Annualized return

66.75 %
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Momentum strategy results on Gogo Inc

This is the result of two momentum investment strategies applied to Gogo Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Gogo Inc

The following chart shows all the entries opened by the momentum investment system on Gogo Inc:

Gogo Inc momentum entries
  • The first momentum investment strategy would give 238.92% of return on Gogo Inc. That represents 9562.2$ of latent gain with 4002.28$ of employed capital.
  • The second momentum investment strategy would give 171.83% of return on Gogo Inc. That represents 5130.96$ of latent gain with 2986.0$ of employed capital.
Performance at glance (1Q Momentum)

Performance

238.92 %

Latent gain

9562.2 $

Invested capital

4002.28 $

Annualized return

262.55 %
Performance at glance (2Q Momentum)

Performance

171.83 %

Latent gain

5130.96 $

Invested capital

2986.0 $

Annualized return

47.47 %

Momentum equity curve on Gogo Inc

The following chart shows the equity curve of the two momentum strategies applied to Gogo Inc:

Gogo Inc momentum equity

Note: the dividends potentially given by Gogo Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Gogo Inc

The following chart shows the employed capital evolution of the two momentum strategies on Gogo Inc since the beginning:

Gogo Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Gogo Inc

Buy the dip entry openings on Gogo Inc

Gogo Inc

The performance achieved by the robo-advisor on Gogo Inc is 551.36%. That represents 2758.83$ of latent gain with 500.37$ of employed capital. The following chart shows Gogo Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Gogo Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

551.36 %

Latent gain

2758.83 $

Invested capital

500.37 $

Annualized return

262.55 %

Equity curve of the strategy applied to Gogo Inc

The following chart shows the result of the investment strategy applied to Gogo Inc:

Gogo Inc

Note: the dividends potentially given by Gogo Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Gogo Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Gogo Inc:

Gogo Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Gogo Inc

In this section, I will compare the three previous investment strategies applied to Gogo Inc.

Equity curve comparison on Gogo Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Gogo Inc investment strategy comparison

Employed capital comparison on Gogo Inc

Gogo Inc investment comparison

Performance comparison on Gogo Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 273.67% 4785.32$ 1748.6$ 66.75%
Momentum 1 quarter 238.92% 9562.2$ 4002.28$ 61.9%
Momentum 2 quarters 171.83% 5130.96$ 2986.0$ 47.47%
Non-directional 551.36% 2758.83$ 500.37$ 262.55%
Annualized return comparison

Automatic investment

66.75 %

Momentum 1Q

47.47 %

Momentum 2Q

47.47 %

Non-directional

262.55 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Gogo Inc:

Positive correlations

Most correlated stocks this year

  • Gogo Inc

  • Most correlated stocks last 3 months

  • Fanhua Inc
  • Gogo Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • CHANGHONG JH

  • Note: The algorithm computes the probability of correlation between Gogo Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Gogo Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Gogo Inc
    Country United States
    City Broomfield
    Address 105 Edgeview
    Phone 312 517 5000
    Website www.gogoair.com
    FullTime employees 376
    Industry Telecom Services
    Sector Communication Services
    Exchange XNAS
    Ticker GOGO
    Market www.nasdaq.com

    Gogo Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown