![Gogo Inc. [GOGO] reports annual net loss of $145.7 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FGOGO.png&w=3840&q=75)
Gogo Inc. [GOGO] reports annual net loss of $145.7 million
Company Reports Revenue of $397.6 million
Gogo Inc. [GOGO] has reported a net loss of $145.7 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $397.6 million
Based in BROOMFIELD, Colorado, Gogo Inc. operates in the TRANSPORT sector.
The consolidated income statement for the company's annual period ending December 31, 2023, revealed a total revenue of $397.6 million, a slight decrease from the $404.1 million reported in the previous year 2022 and a notable increase from $335.7 million in 2021.
Cost of service revenue for the current period stood at $69.6 million, representing a slight increase from $64.4 million in the previous year and a significant rise from $56.1 million in 2021. Similarly, the cost of equipment revenue was $63.4 million, down from $71.5 million in the prior year but higher than the $46.1 million reported in 2021.
