GOGO: An inflight Internet / satcom provider for commercial and military aircraft (and now UAVs). Currently trading at $2.17, lowest price since COVID. Traded at $16 a year ago - five year average price of $8.35.
Its most recent ER info:
\[Revenue of $222.8M (-1.4% Y/Y) misses by $6.55M.
Service Revenue of $191.3 million, up 2% sequentially.
Military / Government service revenue of $39.9 million, up 40% compared to Q2 2025 and 20% sequentially.\]
Some recent news:
Successfully tested satellite based UAV comms in a test with Boeing last month. They’re trying to become a viable alternative to Starlink.
Last week, won a major legal case against a now-defunct competitor, essentially overturning an earlier $22.7 million dollar judgement against them.
Awaiting $334 million in guaranteed reimbursement from the FCC for a planned hardware upgrade that finishes November 2026.
Completed a major merger with Satcom Direct in 2025 that doubled their revenue and expanded their business into Europe.
Risks: High debt load (3.8x leveraged). Paid down $21 million in principal back in April with further deleveraging in process. $63 million in cash on the balance sheet.