Gogo sets new sales record, boosts guidance
BROOMFIELD — Gogo Inc. (Nasdaq: GOGO), a provider of broadband connectivity services for the business-aviation market, posted record revenues in the third quarter of 2022 and has increased its full-year sales projection.
The company posted $105.3 million in sales in the most recent period, a 21% boost compared with the third quarter of 2021.
Gogo said that improvement was “fueled by strong growth in both service and equipment revenue.”
Net income from continuing operations increased in the third quarter of 2022 to $20.2 million from $19.7 million during the same period last year.
“Gogo’s record Avance equipment [the company’s air-to-ground in-flight WiFi product] shipments…
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