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The company raised its long-term financial targets on September 28. Its revenue is expected to grow at a 15% CAGR between 2020 and 2025, while its annual adjusted EBITDA margin is expected to rise from 40% in 2021 to 45% in 2025. However, GOGO will not likely launch its 5G network until next year. It sold its Commercial Aviation (CA) business in December 2020. Moreover, the company reported losses in the second quarter. So, GOGO’s near-term prospects don’t look very promising.
Here’s what could influence GOGO’s performance in the upcoming months:
