Risk Factors Update Summary
- Revenue from equipment sales decreased from 27% to 20% in 2023, impacting profitability.
- Launch of Gogo Galileo service delayed to Q4 2024, affecting competitive positioning.
- Transition from LIBOR to SOFR for interest rates may impact financial costs and cash flows.
- Participation in FCC Reimbursement Program could lead to financial impacts due to funding uncertainties.
- Decrease in total consolidated indebtedness from approximately $714 million to $606 million in 2023.
- Expiration of state NOLs starting in 2024 may affect tax benefits and financial performance.
- Ineffectiveness of Section 382 Rights Agreement in deterring ownership change, impacting NOL utilization.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1537054&owner=exclude
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