Sees FY24 Adjusted EBITDA at the high end of the previously guided range of $110M-$125M reflecting operating expenses of approximately $33M for strategic and operational initiatives including Gogo 5G and Gogo Galileo and $5M in legal expenses tied to the SmartSky litigation. Sees FY24 Free Cash Flow $20M-$40 million, which includes $45M in reimbursements tied to the FCC Reimbursement Program. Sees FY24 capital expenditures $45M including $30M for strategic initiatives including Gogo 5G, Gogo Galileo and the LTE network build.
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Read More on GOGO:
- Gogo Announces First Quarter Results
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- Gogo: FCC grants regulatory approval of Gogo Galileo HDX, FDX antenna terminals
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