Gogo beats by $0.04, beats on revs; reaffirms FY15 revs guidance; raises EBITDA :
Reports Q3 (Sep) loss of $0.37 per share, $0.04 better than the Capital IQ Consensus of ($0.41); revenues rose 21.5% year/year to $126.4 mln vs the $123.71 mln Capital IQ Consensus. Service revenue increased to $107.2 million, up 31% from $81.6 million in Q3 2014.
Adjusted EBITDA increased to $9.7 million, up 738% or $8.5 million from $1.2 million in Q3 2014.
Co reaffirms guidance for FY15, sees FY15 revs of $485-505 mln vs. $491.51 mln Capital IQ Consensus; raises FY15 EBITDA to $30-35 mln from $15-25 mln.
"We are extremely pleased with our strong financial performance for the quarter, and even more pleased with the flight test results of 2Ku, our next generation global connectivity solution, and that portends great things for our future."