Gogo Inc (GOGO) Sector
Communication Services

(Current) $7.82
0.36 (4.83%) Open Price: 7.38

 

Gogo Inc. is a U.S.-based provider of in-flight internet services and entertainment to commercial and business aviation. The company was founded in 1991 and is headquartered in Chicago, Illinois. Gogo's services include satellite-based Wi-Fi, streaming video and audio, and other applications that allow passengers to stay connected to the internet and their devices while flying. The company serves more than 3,000 commercial aircraft and approximately 5,500 business aircraft worldwide.

 

Gogo's in-flight internet services are powered by an air-to-ground (ATG) network, which uses a network of towers on the ground to transmit signals to the aircraft. The company also offers satellite-based services for international flights. Gogo's entertainment offerings include movies, TV shows, games, and other content that can be streamed directly to passengers' devices.

 

Gogo went public on the NASDAQ in 2013 under the ticker symbol "GOGO". The company raised $187 million in its initial public offering (IPO), which was one of the largest tech IPOs of the year. Gogo's stock price initially surged after going public, but it has since struggled due to increased competition in the in-flight internet market and the company's high debt load.

 

In recent years, Gogo has faced increasing pressure from competitors such as Viasat, which offers faster satellite-based internet services, and from airlines that are investing in their own in-flight Wi-Fi networks. In response, Gogo has been investing in its own satellite-based network, which it believes will be able to offer faster and more reliable internet services than its current ATG network.

 

In addition to its commercial aviation business, Gogo also offers in-flight internet and entertainment services for private jets and other business aircraft. The company's business aviation services include satellite-based internet and voice services, as well as an app that allows passengers to control the cabin environment and entertainment system from their mobile devices.

 



 

(12/05/24) $7.38
(12/06/24) $7.46
(12/06/24) (Qty.)1,341,447
(12/05/24) $7.35
(12/05/24) $7.75
(12/01/24) $7.30
(11/24/24) $8.48
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