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Wireless

Gogo prepares for 5G investment as cash flow improves, Q1 sales up 4%

Thursday 6 May 2021 | 16:44 CET | News
Gogo reported a marked improvement in first-quarter results, as the business aviation market starts to return to more normal operations and after it sold its commercial business. The in-flight connectivity provider generated revenues of USD 73.9 million from continuing operations, up 4 percent from a year earlier, and adjusted EBITDA rose 25 percent to USD 33.9 million. The net loss narrowed to USD 5.9 million from USD 9.4 million in Q1 2020.

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Categories: Mobile & Wireless
Companies: Gogo
Countries: United States
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