go go (go go – Free Report) announces the start of virtual flight simulation testing of its 5G software and plans to launch Gogo 5G later this year.
Testing uses an advanced virtual flight simulator developed by the Radio Frequency Engineering team. Gogo simulates wireless channels in an aircraft environment to evaluate Gogo 5G software with over 90% reliability.
This solution helps develop software faster before flight testing begins, enabling end-to-end 5G system testing ahead of schedule. Gogo leverages proprietary data and flight information to evaluate radio frequency performance considering various factors such as Doppler effect, flight path, and beamforming techniques. These elements are critical to optimizing 5G services and onboard connectivity.
The company further added that once lab testing is complete, Gogo will proceed with flight testing using the Challenger 300 testbed and the existing Gogo 5G network.
According to a report by Markets and Markets, the global 5G services market size was valued at $84.31 billion in 2023 and is projected to grow at a CAGR of 59.4% from 2023 to 2030. The industry is likely to benefit from increased adoption of virtual reality and virtual reality. Added augmented reality and reporting.
Gogo 5G is expected to outperform competing geostationary satellite and air-to-ground options with peak speeds in the 75-80 Mbps range and average speeds of around 25 Mbps. Gogo 5G is designed to meet the growing demand for data-intensive services and applications. It is intended to provide high throughput with very low latency for multiple users.
In February, Gogo and NetJets reached an agreement that allows NetJets to update its U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo Galileo.
Gogo Business Aviation’s 5G program continues to gain momentum.
In December, the company received additional type certification and component manufacturer approval from the Federal Aviation Administration.
Recent quarterly results of peers
Cambium Networks Co., Ltd. (CMBM – (Free Report) reported weak results for the fourth quarter of 2023, but the top and bottom lines don’t include the Zacks Consensus Estimate. Non-GAAP net loss was $26.4 million, or a loss of 95 cents per share, compared to net income of $10.3 million, or 38 cents per share, in the prior-year period.
Quarterly net sales halved to $40.2 million from $84.5 million in the year-ago period. Revenue growth was impacted by lower order volumes in the Enterprise business as distributors primarily focused on reducing channel inventory.
T-Mobile US, Inc. (TMUS – (Free Report) reported mixed results for the fourth quarter of 2023, with the top line beating the Zacks Consensus Estimate, but the bottom line not matching. Net income for the fourth quarter was $2.014 billion, or $1.67 per share, compared to $1.477 billion, or $1.18 per share, in the year-ago period.
Net sales for the quarter were $20,478 million, up from $20,273 million in the year-ago period. Despite a decline in equipment sales, solid service revenue growth supported sales growth. The high end exceeded the Zacks Consensus Estimate of $19.692 billion.
United States Cellular Corporation (USM – Free Report ) reported strong fourth-quarter 2023 results, with both the bottom line and top line beating their respective Zacks Consensus Estimates. Net income for the quarter was $15 million, or 16 cents per share, compared with a loss of $28 million, or 33 cents per share, in the year-ago period.
The company’s operating revenue was $1.0 billion, compared to $1.04 billion in the prior-year period. Net sales were negatively impacted by lower postpaid and prepaid retail connections. However, the top line exceeded the Zacks Consensus Estimate by $30 million.
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