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BROOMFIELD, Colo. - Gogo Inc. (NASDAQ:GOGO), the in-flight connectivity provider with a market capitalization of $2.08 billion and impressive 107% return over the past six months, announced Wednesday the appointment of retired four-star Air Force General Mike Minihan to its board of directors, effective July 2, 2025. According to InvestingPro data, the company’s stock is trading near its 52-week high of $16.05, reflecting strong market confidence.
The addition expands Gogo’s board from eight to nine members and comes as the company seeks to strengthen its position in the military and government connectivity market following its acquisition of Satcom Direct. With analysts expecting sales growth and a return to profitability this year, as revealed by InvestingPro analysis, this strategic move appears well-timed. InvestingPro subscribers have access to 15+ additional exclusive insights about Gogo’s financial health and market position.
General Minihan previously served as Commander of Air Mobility Command, where he led more than 110,000 Airmen and managed a fleet of 1,100 aircraft. He also held the position of Deputy Commander of U.S. Indo-Pacific Command, overseeing operations across more than 40 nations. This appointment comes as Gogo maintains a strong financial position, with a current ratio of 1.84 indicating healthy liquidity to support its strategic initiatives.
"Gogo’s commitment to delivering secure, mission-critical connectivity to allied forces aligns with my passion for advancing operational readiness," Minihan said in the press release.
During his 34-year military career, Minihan accumulated over 3,400 flying hours in airlift and tanker aircraft. He currently serves as a senior advisor to several private companies including Reliable Robotics Corporation and Beta Technologies Inc., and is Chairman of the Candy Bomber Foundation.
Oakleigh Thorne, whose position at Gogo was not specified in the release, stated that Minihan’s appointment is significant following the company’s entry into the military and government market, noting his experience with connectivity strategy would be "vital to satisfying the needs of this important market."
Gogo provides multi-orbit, multi-band in-flight connectivity solutions for business and military/government aviation, according to the company statement.
In other recent news, Gogo Inc. reported its first-quarter financial results for 2025, surpassing expectations with an earnings per share of $0.09, significantly higher than the forecasted $0.03. The company’s revenue reached $230.5 million, exceeding the anticipated $214.45 million, marking a 21% year-over-year increase. Gogo Inc. also announced a significant milestone in its 5G network development, successfully completing the first end-to-end call using its next-generation technology. This development is a critical step toward delivering 5G air-to-ground connectivity to North American business aviation operators by the end of the year. Additionally, Gogo Inc. received Federal Aviation Administration certification for its C1 unit across 42 aircraft models, ensuring compatibility with its upcoming LTE network upgrade. The company is offering a $35,000 installation incentive for customers who complete the C1 installation before December 31, 2025. Furthermore, Gogo Inc. stockholders approved key proposals at the 2025 Annual Meeting, including the election of directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm.
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