Gogo, the in-flight connectivity company, plans to scale its hybrid ground-to-orbit technology, expand internationally and deliver more revenue per aircraft in 2014.
The 2014 outlook, which calls for revenue of $400 million to $422 million, highlights how Gogo is gaining traction beyond the U.S. and venturing into faster broadband service that will allow for streaming video. The lack of streaming via Gogo on a flight can be an annoyance for travelers.
For the fourth quarter, Gogo reported a net loss of $22 million, or 26 cents a share, on revenue of $92.55 million. For 2013, Gogo reported a net loss of $145.85 million, or $3.05 a share, on revenue of $328.12 million.
Clearly, Gogo is in buildout mode. At some point, Gogo will have most airlines cover, have a locked-in customer base and be able to collect service revenue for a long time. For now, Gogo needs to expand.
Here's a look at the company by the numbers:
- $3 million to $5 million: Revenue Gogo expects in 2014 from international flights from carriers like Japan Airlines and Delta.
- 46 percent: Revenue growth in fourth quarter compared to a year ago.
- 2,032: Commercial aircraft online with Gogo in 2013.
- 6.9 percent: Take rate of Gogo service a month per aircraft.
- $8,970: Average monthly service revenue per aircraft online.
- $10.29: Average revenue per Internet session.
- 79 percent: Gogo market share in North America.
- 332: Awards for international aircraft so far.
- 63 percent: Market share for business aircraft (private planes) in North America.
- 36,000: Commercial aircraft forecasted for 2032.
- $101,000: Annualized average revenue per aircraft in 2013.
- $50 million: Sum spend on engineering, design and development in 2013.
- $104 million: Sum spent on capital expenditures in 2013.
- 70 Mbps: Speeds possible with Gogo's ground-to-orbit network launching in 2014.
- 50 Mbps: Speeds possible for global services Gogo plans to launch in 2015.