Gogo Inc. (GOGO)By: Bhuvanesh Murali, Avi Singh, and Karthik Maiya
Company Profile
• Gogo Inc. provides in-flight broadband internet service for both commercial and business aircraft.
• Biggest provider of in-flight internet service
• Headquarters: Itasca, Illinois
• Founded in 1991 by Jimmy Ray
• 561 Employees
• IPO: 6/21/2013
Recent News
• Gogo upgrades WiFi technology to unlock speeds of up to 60 Mbps in 2014o Average Internet connection speed in the US: 8.6Mbps
• Gogo launches in-flight internet for international flightso Gogo receives contracts from Delta Air Lines, US
Airways, Virgin America and United Airlines.
• Gogo launches in-flight text and call program.• FCC is willing to propose in-flight use of
cellphones.
Numbers
• 52 Week Range: 9.71 - 35.77
• Beta: -
• EPS: -7.27
• P/E: -
• Market Cap: 2.51 B
Earnings Report
Dec 2012 Dec 2011 Dec 2010
Sales 233.52 160.16 94.66
Research and Development 35.35 22.24 20.22
Net Income (32.71) 23.62 (113.38)
* All numbers above are in the millions
Website: http://www.fool.com/quote/NASDAQ/gogo-inc/GOGO/financial-statements?source=itxwebtxt0000013
Graph (3 Month)
Graph (1 Year)
Competition
• Competitor Industry: Telecommunications Equipmento On Airo Panasonic Avionics Corporationo Thales Aerospace
• These are not direct competitors, as Gogo is one of the only companies to offer in-flight internet
• These are all privately owned companies that have some in-flight internet technology
Summary of Reason to Buy
• GOGO has a lot of room to growo Speeding up connectivity speedso Going international
• More and more airlines are creating contracts with GOGO as their service provider
• FCC is thinking about in-flight use of cellphones.
Buying/Selling Stock
• Buy:o When: Late January/Early Februaryo 3 - 5 Shares
• Sell:o When: Late April/Early Mayo Price: $32.00
References
• https://www.google.com/finance?q=gogo&ei=-0iqUpDZJq210AHqcQ
• http://www.slashgear.com/gogo-inflight-wifi-upgrades-will-bring-potential-speeds-of-60mbps-11297512/
• http://investorplace.com/ipo-playbook/gogo-inflight-internet-gogo-stock-soars/#.UqopY5FcK2k
• http://au.ibtimes.com/articles/521750/20131113/gogo-text-talk-app-flight-internet-s.htm#.UqI2Z2RDvt4
• http://www.fool.com/quote/NASDAQ/gogo-inc/GOGO/financial-statements?source=itxwebtxt0000013
• http://www.nasdaq.com/symbol/gogo/competitors
• http://finance.yahoo.com/q/co?s=GOGO+Competitors
• http://online.wsj.com/news/articles/SB10001424052702303653004579212210178774516?KEYWORDS=gogo
• http://abcnews.go.com/Technology/flight-wi-fi-finally-faster-gogo-announces-system/story?id=20225166