Earnings Call Summary | Gogo Inc(GOGO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Gogo Inc(GOGO.US) Q1 2024 Earnings Conference
The following is a summary of the Gogo Inc. (GOGO) Q1 2024 Earnings Call Transcript:
以下是Gogo Inc.(GOGO)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Gogo Inc. reported Q1 revenue of $104.3 million, a 6% year-on-year increase.
Service revenue rose by 4% driven by a 19% increase in AVANCE service revenue, while equipment revenue went up 13%.
The company achieved a record free cash flow of $32.1 million, up significantly from $20 million in the same period last year.
Gogo's cash and short-term investments stood at $152.8 million, with an outstanding loan of $605 million. The net leverage remained within the target range of 2.5x to 3.5x.
The company repurchased approximately 480,000 shares for around $4.8 million in Q4 2023 and about 1.1 million shares costing approximately $10.1 million in Q1 2024.
Updated 2024 financial guidance predicts a revenue of $410 million to $425 million, indicating a 5% overall growth.
Gogo Inc.公佈的第一季度收入爲1.043億美元,同比增長6%。
在AVANCE服務收入增長19%的推動下,服務收入增長了4%,而設備收入增長了13%。
該公司實現了創紀錄的3,210萬美元自由現金流,較去年同期的2000萬美元大幅增加。
Gogo的現金和短期投資爲1.528億美元,未償貸款爲6.05億美元。淨槓桿率保持在2.5倍至3.5倍的目標範圍內。
該公司在2023年第四季度以約480萬美元的價格回購了約48萬股股票,在2024年第一季度以約1,010萬美元的價格回購了約110萬股股票。
2024年更新的財務指引預計收入爲4.1億美元至4.25億美元,總體增長率爲5%。
Business Progress:
業務進展:
Gogo Inc. continues to focus on its next-generation products: Gogo Galileo and Gogo 5G, with projected launch dates in 2024 and 2025 respectively.
Despite a potential delay in the 5G network release, the company expects these investments to increase free cash flow in 2025, within the $150 million to $200 million range.
AVANCE units online grew by 19% year-on-year, reaching 4,110 aircraft, or 58% of the ATG base.
The company has reached halfway in deploying their $50 million share repurchase program, having spent about $25 million so far.
In the face of potential supply chain issues affecting product activations and deactivations, Gogo is strategizing to improve its Average Order Lifecycle and compete with new market entrants like StarLink.
Gogo Inc. 繼續專注於其下一代產品:Gogo Galileo和Gogo 5G,預計發佈日期分別在2024年和2025年。
儘管5G網絡的發佈可能會延遲,但該公司預計,這些投資將在2025年增加自由現金流,在1.5億美元至2億美元之間。
AVANCE的在線飛機同比增長19%,達到4,110架飛機,佔ATG基地的58%。
該公司在部署5000萬美元股票回購計劃方面已經過半,迄今已花費約2500萬美元。
面對影響產品激活和停用的潛在供應鏈問題,Gogo正在制定戰略,以改善其平均訂單生命週期,並與StarLink等新的市場進入者競爭。
More details: Gogo Inc IR
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譯文內容由第三人軟體翻譯。