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GOGO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Gogo Inc. - GOGO

Gogo Inc. (GOGO) 
Last gogo inc. earnings: 3/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.gogoair.com/investor-overview
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Gogo Inc. (NasdaqGS: GOGO). On May 4, 2018, the Company disclosed that because of increased costs and lost revenue resulting from widespread problems with its 2Ku global satellite system antennas, including manufacturing and software issues, it would be unable to meet EBITDA profit guidance of $75M-$100M and was withdrawing its “2018 guidance for Adjusted EBITDA, airborne Cash CAPEX, and airborne equipment inventory purchases related to airline-directed installations, as well as Free Cash Flow guidance.” Then, on May 7, 2018, Moody’s announced a downgrade to the Company’s credit rating due to “the company’s weakening credit metrics, operational difficulties and deteriorating liquidity.” Show less Read more
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