Business

Gogo announces second quarter 2014 results

Posted August 11, 2014 1:01 am

PRNewswire

Itasca-based Gogo Inc. a leading global aero communications service provider, today announced its financial results for the quarter ended June 30, 2014.

Gogo reported record second quarter revenue of $99.5 million, up 25% year-over-year. Adjusted EBITDA for Q2 2014 was $3.1 million, down from $3.8 million in Q2 2013, reflecting continued strong revenue and profitability growth in CA-NA and BA segments and increased investment in CA-ROW. Net loss attributable to common stock for Q2 2014 was $18.7 million, or $0.22 per share, compared to net loss attributable to common stock of $72.6 million, or $4.98 per share, in Q2 2013.

"We had another great quarter and reported strong growth in revenue and profitability for both CA-NA and BA segments," said Gogo's President and CEO, Michael Small.

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