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Wireless

Gogo reports higher-than-expected EBITDA in stronger Q1

Monday 15 April 2019 | 16:03 CET | News
Gogo gave some preliminary figures for the first quarter, saying revenues rose to an estimated USD 197-200 million from 165 million the year before. The net loss meanwhile narrowed to USD 17-20 million from a loss the year earlier of 41.36 million while the adjusted EBITDA advanced to USD 35-38 million from 10.7 million. Both the net loss and adjusted EBITDA figures include a benefit of USD 7 million in project-related revenue for an airline customer, and USD 4 million worth of delayed timing of expense items. Total cash and cash equivalents at the end of March amounted to USD 188 million. 

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Categories: Mobile & Wireless
Companies: Gogo
Countries: World
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