Michael Small, President and CEO of Gogo Inc, bought 30,000 shares of Gogo Inc (Stock Symbol: GOGO) at $12.96 per share for a total amount of $388.8 thousand on May 14, 2014.
Gogo Inc. is headquartered in Itasca, Illinois.
On 05/22/2014, Gogo Inc. a leading aircraft communications service provider to the global aviation industry, announced today that it has received an STC from the FAA and certification from the Japanese Civil Aviation Bureau (JCAB) – the aviation authority in Japan – to install Gogo’s Ku-satellite based connectivity service on Japan Airlines’ 767-300 aircraft. The 767-300 is the third aircraft type in JAL’s fleet to receive FAA and JCAB approval for installation.
On 05/12/2014, Gogo Inc. announced its latest quarterly results. Gogo reported record first quarter revenue of $95.7 million, up 35% year-over-year. Adjusted EBITDA for Q1 2014 was $5.3 million, up 87% from $2.9 million in Q1 2013, driven by strong performance by our CA-NA and BA segments that was partially offset by an increased segment loss in our CA-ROW segment as we continued to invest in our international expansion. Net loss attributable to common stock for Q1 2014 was $16.9 million, or $0.20 per share, compared to net loss attributable to common stock of $32.5 million, or $4.77 per share, in Q1 2013.
According to Capital IQ, Gogo Inc. has a market cap of $1.54 billion], an enterprise value of $1.57 billion, and trailing 12 month revenues of $353.06 million.
Gogo Inc. provides in-flight Internet connectivity and wireless in-cabin digital entertainment solutions in the United States and internationally. The company, through its proprietary air-to-ground (ATG) network and satellite-based technologies, offers a suite of connectivity solutions and other services, including passenger connectivity, passenger entertainment, and operations-oriented communications services, as well as advertising, e-commerce, content, and other offerings, such as destination-based event ticketing, flight tracker, and weather and travel sites. The company operates in three segments: Commercial Aviation North America; Commercial Aviation Rest of World; and Business Aviation. The Commercial Aviation North America segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The Commercial Aviation Rest of World segment intends to provide in-flight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and international flights of North American based commercial airlines. The Business Aviation segment provides equipment for in-flight connectivity along with voice and data services to the business aviation market. This segments services include Gogo Biz, an in-flight broadband service that utilizes both its ATG network and its ATG spectrum, and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves original equipment manufacturers of business aircraft; aftermarket dealers; and fractional jet operators, as well as government and military entities through a distribution network of independent certified dealers. As of December 31, 2013, the company had 2,032 commercial aircraft online and an additional 395 commercial aircraft under contract. The company was founded in 1991 and is headquartered in Itasca, Illinois.
Michael Small’s most recent annual compensation from Gogo Inc. is a salary of $1,820,810, $2,077,650 in other compensation, and a total compensation of $3,898,460. Mr. Small is 56 years old.
According to his biography, Mr. Michael J. Small is President, Chief Executive Officer, Director of Gogo Inc. Mr. Small has over 30 years of experience in the communications industry. From January 1999 until November 2009, Mr. Small served as the Chief Executive Officer and Director of then-public Centennial Communications Corporation, a regional telecom service provider, where he was responsible for the strategic direction, financial well-being, and operational performance of the organization. From 1995 to 1998, Mr. Small served as Executive Vice President and Chief Financial Officer of 360 Degrees Communications Company. Prior to 1995, he served as President of Lynch Corporation, a diversified acquisition-oriented company with operations in telecommunications, manufacturing and transportation services. Mr. Small received his Master’s Degree in Business Administration from University of Chicago and holds a Bachelor of Arts degree from Colgate University.
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