Gogo Q1 Loss Narrows; Backs FY14 Forecast - Quick Facts

(RTTNews) - Gogo Inc. (GOGO), an aircraft communications service provider to the global aviation industry, Monday posted first-quarter net loss of $16.9 million or $0.20 per share versus a loss of $32.5 million or $4.77 per share in the first quarter of 2013.

On an adjusted basis, the company's quarterly loss totaled $0.20 per share. On average, 5 analysts polled by Thomson Reuters expected loss per share of $0.25 for the quarter. Analysts' estimates typically exclude one-time items.

Driven by strong performance in the CA-NA and BA segments, revenues climbed 35 percent to $95.7 million from $70.8 million last year. Service revenue increased 32 percent to $72.3 million and equipment revenue increased 48 percent to $23.4 million year-over-year. Analysts estimated revenues of $94.03 million for the quarter.

For the full year 2014, the company continues to expect adjusted EBITDA in the range of $8 million - $18 million and total revenues between $400 million and $422 million. Anlaysts project full-year revenues of $412.90 million.