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Gogo Inc . (NASDAQ:GOGO), a leading provider of communication services with a market capitalization of $1.66 billion, announced the results of its 2025 Annual Meeting held on Sunday. The company, which is incorporated in Delaware and headquartered in Broomfield, Colorado, has seen impressive momentum with a 52% return over the past six months. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $13.16. The company saw stockholders vote on three major proposals.
The first proposal concerned the election of Class III directors to serve a three-year term until the 2028 annual meeting. Christopher J. Moore and Mark Anderson were elected with 104,007,011 and 89,134,826 votes for, respectively. The number of withheld votes was 645,411 for Moore and 15,517,596 for Anderson, with both nominees experiencing 13,602,013 broker non-votes.
The second proposal was a non-binding advisory vote to approve executive compensation for the year 2024, which stockholders approved with 88,650,054 votes for, 15,341,324 against, and 661,044 abstentions. There were also 13,602,013 broker non-votes for this proposal.
Lastly, stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The accounting firm was ratified with an overwhelming majority of 118,002,273 votes for, 213,972 against, and 38,190 abstentions.
The annual meeting had a high turnout, with stockholders representing 89.42% of the common stock outstanding as of the April 22, 2025 record date in attendance or represented by proxy. The definitive proxy statement and additional materials regarding these proposals were filed with the SEC on April 29, 2025, and May 16, 2025, respectively. InvestingPro data shows the company maintains strong liquidity with a current ratio of 1.84, while analysts expect net income growth in the coming year.
The decisions made at the meeting are expected to guide the company’s governance and financial management for the upcoming year. With revenue growth of 41.5% in the last twelve months and analyst targets suggesting up to $16.50 per share, the company’s outlook appears promising. Gogo Inc. has confirmed these results in an 8-K filing with the SEC. For deeper insights into Gogo’s financial health and growth prospects, including 8 additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Gogo Inc reported impressive financial results for the first quarter of 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.09, significantly above the projected $0.03. Gogo’s revenue reached $230.5 million, surpassing the anticipated $214.45 million, marking a 21% increase year-over-year. The company’s strategic merger with Satcom Direct has been beneficial, contributing to realized synergies and enhanced network capabilities. Analysts from Raymond (NSE:RYMD) James and JPMorgan have noted the company’s strong market position and the potential for future growth, particularly in the business aviation and military government mobility markets. Gogo’s innovative product launches, including its Galileo product line, have been well-received, further strengthening its service offerings. The company’s ongoing initiatives and expansion into international markets remain key focal points for investors.
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