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Investor Relations Contact : Will Davis +1 917-519-6994 wdavis@gogoair.com ● ● Gogo Announces Second Quarter 2021 Financial Results Strong Demand Drives Record Quarterly Performance Gogo Raises Full Year 2021 Revenue , Adjusted EBITDA and Free Cash Flow Guidance CHICAGO - August 5 , 2021 – Gogo Inc. ( NASDAQ : GOGO ) ( “ Gogo " or the " Company " ) , the world's largest provider of broadband connectivity services for the business aviation market , today announced its financial results for the quarter ended June 30 , 2021 . Q2 2021 Highlights ● ● ● ● ● gogo ● ● Media Relations Contact : Dave Mellin +1 303-301-3606 pr@gogoair.com Total revenue of $ 82.4 million , an increase of 16 % compared to Q2 2019 , 51 % compared to Q2 2020 and 12 % compared to Q1 2021 , fueled by strong growth in both service and equipment revenue . Record service revenue of $ 64.8 million increased more than 18 % compared to Q2 2019 , 47 % compared to Q2 2020 and 9 % compared to Q1 2021 . Equipment revenue of $ 17.6 million increased 7 % compared to Q2 2019 , 66 % compared to Q2 2020 and 21 % compared to Q1 2021 . Net loss from continuing operations of $ 66.4 million compared to a net loss from continuing operations of $ 14.2 million in Q2 2020 , primarily due to a $ 79.6 million loss on extinguishment of debt ( recognized in connection with the Company's comprehensive refinancing ) and settlement of convertible notes . Earnings per share for Q2 2021 was $ ( 0.63 ) , of which $ ( 0.73 ) related to the loss on extinguishment of debt and settlement of convertible notes . Record Adjusted EBITDA¹ of $ 36.7 million increased 70 % compared to Q2 2020 and 8 % compared to Q1 2021 . Total ATG aircraft online ( " AOL " ) reached 6,036 , an increase of 12 % compared to Q2 2020 and 2.4 % compared to Q1 2021 . Average monthly service revenue per ATG aircraft online ( “ ARPU ” ) of $ 3,296 , which includes a $ 1.8 million recognition of deferred revenue related to a customer contract . Excluding this recognition , ARPU was $ 3,195 , an increase of 24 % compared to Q2 2020 and 4 % compared to Q1 2021 . Total AVANCE units online grew to 2,067 , an increase of 51 % compared to Q2 2020. AVANCE units comprised more than 34 % of total AOL as of June 30 , 2021 , up from 25 % as of June 30 , 2020 . Total cash and cash equivalents totaled $ 109.2 million on June 30 , 2021. Free cash flow¹ for the six months ending June 30 , 2021 was $ 7.8 million compared to an outflow of $ 6.3 million in the prior year period . " Accelerating business aviation demand and our industry - leading AVANCE platform drove Gogo's record results , " said Oakleigh Thorne , Chairman and CEO of Gogo . " We'll further enhance the performance of AVANCE when we launch the Gogo 5G network in 2022. " 1