Gogo beats by $0.03, reports revs in-line; sees FY16 revs above mid-point of prior guidance :
- Reports Q3 (Sep) loss of $0.42 per share, $0.03 better than the Capital IQ Consensus of ($0.45); revenues rose 16.5% year/year to $147.27 mln vs the $146.77 mln Capital IQ Consensus.
- "By year end, we will have between 75 and 100 2Ku aircraft installed, and we are on track to install up to another 1,200 between 2017 and 2018. The success of 2Ku, and our pending deployment of a much faster ATG system, positions us to deliver 100 Mbps speeds to far more commercial and business aircraft than any other IFC provider...We expect to be solidly generating cash in 2020 due to strong revenue growth from 2Ku and lower cash CAPEX after 2018"
- Co updates guidance for FY16, sees FY16 revs above the mid-point of the prior $575-595 mln range vs. $590.71 mln Capital IQ Consensus Estimate.
- Affirms in-flight connectivity installations guidance
- CA-NA net new installations of approximately 300 aircraft in 2016, including approximately 600 ATG-4 aircraft installations and upgrades
- CA-ROW net new installations of approximately 75 aircraft in 2016
- 2Ku installations of 75 to 100 aircraft in 2016
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