New insider activity at Gogo ( (GOGO) ) has taken place on March 19, 2025.
Director Oakleigh Thorne has made a significant investment in Gogo by purchasing 75,432 shares of the company’s stock. This transaction is valued at $495,588, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on GOGO stock
Gogo Inc. reported a significant 41% year-over-year increase in Q4 2024 revenue, reaching $137.8 million, driven by the strategic acquisition of Satcom Direct, which contributed $40.2 million. Despite this growth, the company faced a net loss of $28.2 million due to acquisition-related expenses. The integration with Satcom Direct is expected to yield high-end synergies, while the recent PMA approval for the Galileo HDX antenna marks a key advancement in product offerings. However, Gogo’s guidance for 2025 suggests flat revenue and EBITDA growth, attributed to delays in the 5G network launch and other strategic initiatives. The company remains optimistic about long-term prospects, projecting significant revenue and cash flow improvements by 2026, driven by higher-margin service revenue from Galileo and 5G investments.
More about Gogo
YTD Price Performance: -22.05%
Average Trading Volume: 1,206,267
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $862.8M