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Gogo Announces Third Quarter Results

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Total Revenue of $100.5 million, up 3% Year-over-Year; Third Quarter Service Revenue of $81.9 million, up 3% Year-over-Year

Q3 Net Income of $10.6 million; Adjusted EBITDA(1) of $34.8 million

Updates 2024 Guidance

Recent Strategic Galileo HDX wins with Textron Aviation and Wheels Up

BROOMFIELD, Colo., Nov. 5, 2024 /PRNewswire/ — Gogo Inc. (NASDAQ: GOGO) (“Gogo” or the “Company”), a leading global provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended September 30, 2024.

Q3 2024 Highlights

Total revenue of $100.5 million increased 3% compared to Q3 2023 and decreased 1% compared to Q2 2024.Service revenue of $81.9 million increased 3% compared to Q3 2023 and decreased slightly compared to Q2 2024.Equipment revenue of $18.7 million increased 1% compared to Q3 2023 and decreased 7% compared to Q2 2024.Total AVANCE aircraft online (“AOL”) as of September 30, 2024 grew to 4,379, an increase of 16% compared to Q3 2023 and 4% compared to Q2 2024. AVANCE units comprised approximately 62% of total AOL as of September 30, 2024, up from 53% as of September 30, 2023 and up from 60% as of June 30, 2024.Total ATG AOL was 7,016, a decrease of 2% compared to Q3 2023 and a slight decrease compared to Q2 2024.AVANCE equipment units shipped totaled 214, an increase of 11% compared to Q3 2023 and a decrease of 7% compared to Q2 2024.Average Monthly Revenue per ATG aircraft online (“ARPU”) for the third quarter was a record $3,497, an increase of 4% compared to Q3 2023 and a slight increase compared to Q2 2024.Net income of $10.6 million decreased 49% from $20.9 million in Q3 2023, and increased from $0.8 million in Q2 2024. Net income for Q2 2024 included $11.0 million of an after-tax unrealized loss related to a fair market value adjustment to a convertible note investment compared with a $0.2 million after-tax unrealized gain in Q3 2024.Diluted earnings per share was $0.08 compared to $0.16 in Q3 2023.Adjusted EBITDA(1) of $34.8 million, which includes approximately $2.6 million of operating expenses related to Gogo Galileo and excludes $6.7 million of expenses related to the Satcom Direct acquisition, decreased 19% compared to Q3 2023 and increased 14% compared to Q2 2024.Net cash provided by operating activities of $25.1 million in Q3 2024 increased from $18.7 million in Q3 2023 and increased from $24.9 million in Q2 2024.Free Cash Flow(1) of $24.6 million in Q3 2024 was an increase from $21.0 million in the prior-year period and a slight decrease from $24.9 million in Q2 2024.Cash and cash equivalents totaled $176.7 million as of September 30, 2024 compared to $161.6 million as of June 30, 2024.In Q3 2024, the Company repurchased approximately 1.0 million shares for a total cost of approximately $7.6 million. The Company repurchased approximately 4.1 million shares for approximately $35.6 million in the last four quarters.

Recent Company Highlights

On September 30, 2024, the Company announced a definitive agreement to acquire Satcom Direct, Inc. (“Satcom Direct”) to create the only multi-orbit, multi-band in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation (BA) and military/government mobility markets.Textron Aviation announced it will install Gogo’s global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the following models in its midsize and super-midsize jet category: Cessna Citation Longitude, Latitude and Ascend.Wheels Up, a leading provider of on-demand private aviation and one of the largest fleets in the industry, announced it will add Gogo’s Galileo HDX LEO connectivity solution fleetwide. Installations of Galileo HDX are expected to begin by the middle of 2025, as soon as certifications for Wheels Up aircraft are completed.

“Our Satcom Direct acquisition will turbo-charge Gogo Galileo penetration of the global underpenetrated Business Aviation and Military/Government markets,” said Oakleigh Thorne, Gogo’s Chairman and CEO.  “Unprecedented demand for both Galileo and Gogo 5G will drive equipment revenue in 2025, and growth in profitable recurring service revenue beginning in 2026.” 

“Strong third quarter results across the board drove upside to our 2024 Adjusted EBITDA and Free Cash Flow guidance,” said Jessi Betjemann, Gogo’s Executive Vice President and CFO. “We expect the Satcom Direct acquisition to be accretive day one and expect to reach our net leverage target of 2.5x-3.5x within 1-2 years after closing.”

Financial Guidance

The Company includes below its revised 2024 guidance, which includes the impact of the Federal Communications Commission’s Secure and Trusted Communications Networks Reimbursement Program (“FCC Reimbursement Program”) and excludes the impact of the closing of the Satcom Direct transaction.

Due to the pending acquisition of Satcom Direct, the Company is withdrawing its multi-year long-term financial targets previously provided on August 7, 2024.

2024 Financial Guidance

Total revenue in the range of $400 million to $410 million (no change)Adjusted EBITDA(1) in the range of $120 million to $130 million versus prior guidance at the high end of the range of $110 million to $125 million. This guidance reflects increased legal expenses from ongoing legal proceedings and approximately $20 million of operating expenses for strategic and operational initiatives including Gogo 5G and Gogo Galileo.Free Cash Flow(1) in the range of $55 million to $65 million, which includes $35 million in reimbursements tied to the FCC Reimbursement Program, versus prior guidance of $35 million to $55 million.Capital expenditures of approximately $30 million versus prior guidance of $35 million, which includes approximately of $20 million for strategic initiatives.

(1)  See “Non-GAAP Financial Measures” below

Conference Call

The Company will host its third quarter conference call on November 5, 2024 at 8:30 a.m. ET. A live webcast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company’s investor website at https://ir.gogoair.com.

3Q Earnings Call Webcast Link:
https://edge.media-server.com/mmc/p/r7xg4923

Participants can use the below link to retrieve your unique conference ID to use to access the conference call.
https://register.vevent.com/register/BI9f9348b06a694d9a9f21c0b7ecda8a5d

Non-GAAP Financial Measures

We report certain non-GAAP financial measurements, including Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow in the discussion above. Management uses Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow for business planning purposes, including managing our business against internally projected results of operations and measuring our performance and liquidity. These supplemental performance measures also provide another basis for comparing period-to-period results by excluding potential differences caused by non-operational and unusual or non-recurring items. These supplemental performance measurements may vary from and may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow are not recognized measurements under accounting principles generally accepted in the United States, or GAAP. When analyzing our performance with Adjusted EBITDA or Adjusted EBITDA Margin or liquidity with Free Cash Flow, as applicable, investors should (i) evaluate each adjustment in our reconciliation to the corresponding GAAP measure, and the explanatory footnotes regarding those adjustments, (ii) use Adjusted EBITDA and Adjusted EBITDA Margin in addition to, and not as an alternative to, net income (loss) attributable to common stock as a measure of operating results, and (iii) use Free Cash Flow in addition to, and not as an alternative to, consolidated net cash provided by (used in) operating activities when evaluating our liquidity. No reconciliation of the forecasted amounts of Adjusted EBITDA for fiscal 2024 is included in this release because we are unable to quantify certain amounts that would be required to be included in the corresponding GAAP measure without unreasonable efforts, due to high variability and complexity with respect to estimating certain forward-looking amounts, and we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors. 

Cautionary Note Regarding Forward-Looking Statements 
Certain disclosures in this press release and related comments by our management include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release. Forward-looking statements are based on our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: our ability to continue to generate revenue from the provision of our connectivity services; our reliance on our key OEMs and dealers for equipment sales; the impact of competition; our reliance on third parties for equipment components and services; the impact of global supply chain and logistics issues and inflationary trends; our ability to expand our business outside of the United States; our ability to recruit, train and retain highly skilled employees; the impact of pandemics or other outbreaks of contagious diseases, and the measures implemented to combat them; the impact of adverse economic conditions; our ability to fully utilize portions of our deferred tax assets; the impact of increased attention to climate change, ESG matters and conservation measures; our ability to evaluate or pursue strategic opportunities and/or integrate them into our business; our ongoing delay and the risk of future delays in deploying 5G, and our ability to develop and deploy Gogo 5G, Gogo Galileo or other next generation technologies; our ability to maintain our rights to use our licensed 3Mhz of ATG spectrum in the United States and obtain rights to additional spectrum if needed; the impact of service interruptions or delays, technology failures, equipment damage or system disruptions or failures; the impact of assertions by third parties of infringement, misappropriation or other violations; our ability to innovate and provide products and services; our ability to protect our intellectual property rights; the impact of our use of open-source software; the impact of equipment failure or material defects or errors in our software; our ability to comply with applicable foreign ownership limitations; the impact of government regulation of communication networks, and the internet; our possession and use of personal information; risks associated with participation in the FCC Reimbursement Program; our ability to comply with anti-bribery, anti-corruption and anti-money laundering laws; the extent of expenses, liabilities or business disruptions resulting from litigation; the impact of global climate change and legal, regulatory or market responses to it; the impact of our substantial indebtedness; our ability to obtain additional financing to refinance or repay our existing indebtedness; the impact of restrictions and limitations in the agreements and instruments governing our debt; the impact of increases in interest rates; the impact of a substantial portion of our indebtedness being secured by substantially all of our assets; the impact of a downgrade, suspension or withdrawal of the rating assigned by a rating agency; the volatility of our stock price; our ability to fully utilize our tax losses; the dilutive impact of future stock issuances; the impact of our stockholder concentration and of our CEO and Chair of the Board being a significant stockholder; our ability to fulfill our obligations associated with being a public company; and the impact of anti-takeover provisions, ownership provisions and certain other provisions in our charter, our bylaws, Delaware law, and our existing and any future credit facilities.

Additional information concerning these and other factors can be found under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (“SEC”) on February 28, 2024 and in our subsequent quarterly reports on Form 10-Q as filed with the SEC.

Any one of these factors or a combination of these factors could materially affect our financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. Our forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. 

About Gogo

Gogo, a leading global provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo’s products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.

As of September 30, 2024, Gogo reported 7,016 business aircraft flying with its broadband ATG systems onboard, 4,379 of which are flying with a Gogo AVANCE L5 or L3 system; and 4,180 aircraft with narrowband satellite connectivity installed. Connect with us at www.gogoair.com.

 

Gogo Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)

For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

2024

2023

2024

2023

Revenue:

Service revenue

$

81,857

$

79,546

$

245,459

$

237,107

Equipment revenue

18,672

18,403

61,451

62,660

Total revenue

100,529

97,949

306,910

299,767

Operating expenses:

Cost of service revenue (exclusive of amounts shown below)

19,051

18,116

55,793

51,732

Cost of equipment revenue (exclusive of amounts shown below)

15,165

12,320

47,383

47,983

Engineering, design and development

9,759

9,154

29,279

26,259

Sales and marketing

8,551

7,015

25,870

21,748

General and administrative

24,917

13,336

61,416

40,734

Depreciation and amortization

4,015

4,692

11,743

12,022

Total operating expenses

81,458

64,633

231,484

200,478

Operating income

19,071

33,316

75,426

99,289

Other expense (income):

Interest income

(2,419)

(1,622)

(6,587)

(5,509)

Interest expense

9,670

8,025

26,193

24,807

Loss on extinguishment of debt

—

—

—

2,224

Other expense (income), net

(332)

(728)

1,286

(733)

Total other expense

6,919

5,675

20,892

20,789

Income before income taxes

12,152

27,641

54,534

78,500

Income tax provision (benefit)

1,522

6,728

12,575

(52,711)

Net income

$

10,630

$

20,913

$

41,959

$

131,211

Net income attributable to common stock per share:

Basic

$

0.08

$

0.16

$

0.33

$

1.01

Diluted

$

0.08

$

0.16

$

0.32

$

0.98

Weighted average number of shares:

Basic

127,918

129,951

128,513

129,632

Diluted

130,389

133,320

131,538

133,382

 

Gogo Inc. and Subsidiaries
Unaudited Condensed Consolidated Balance Sheets
(in thousands)

September 30,

December 31,

2024

2023

Assets

Current assets:

Cash and cash equivalents

$

176,678

$

139,036

Accounts receivable, net of allowances of $2,807 and $2,091, respectively

45,875

48,233

Inventories

74,848

63,187

Prepaid expenses and other current assets

50,013

64,138

Total current assets

347,414

314,594

Non-current assets:

Property and equipment, net

93,830

98,129

Intangible assets, net

64,888

55,647

Operating lease right-of-use assets

67,171

70,552

Investment in convertible note

3,761

—

Other non-current assets, net of allowances of $720 and $591, respectively

24,229

25,979

Deferred income taxes

209,444

216,638

Total non-current assets

463,323

466,945

Total assets

$

810,737

$

781,539

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$

26,445

$

16,094

Accrued liabilities

61,476

47,649

Deferred revenue

1,843

1,003

Current portion of long-term debt

7,250

7,250

Total current liabilities

97,014

71,996

Non-current liabilities:

Long-term debt

583,864

587,501

Non-current operating lease liabilities

68,005

73,047

Other non-current liabilities

9,130

8,270

Total non-current liabilities

660,999

668,818

Total liabilities

758,013

740,814

Stockholders’ equity

Common stock

14

14

Additional paid-in capital

1,413,842

1,402,003

Accumulated other comprehensive income

4,959

15,796

Treasury stock, at cost

(194,159)

(163,197)

Accumulated deficit

(1,171,932)

(1,213,891)

Total stockholders’ equity

52,724

40,725

Total liabilities and stockholders’ equity

$

810,737

$

781,539

 

Gogo Inc. and Subsidiaries 
Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)

For the Nine Months
Ended September 30,

2024

2023

Operating activities:

Net income

$

41,959

$

131,211

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation and amortization

11,743

12,022

Loss on asset disposals, abandonments and write-downs

101

285

Provision for expected credit losses

1,310

541

Deferred income taxes

10,740

(53,255)

Stock-based compensation expense

14,755

15,729

Amortization of deferred financing costs and interest rate caps

3,785

2,671

Accretion of debt discount

309

304

Loss on extinguishment of debt

—

2,224

Change in fair value of convertible note and equity investment

1,239

(773)

Changes in operating assets and liabilities:

Accounts receivable

1,177

4,356

Inventories

(11,661)

(13,299)

Prepaid expenses and other current assets

(13,605)

(37,454)

Contract assets

(4,313)

2,822

Accounts payable

9,750

2,526

Accrued liabilities

12,956

(5,091)

Deferred revenue

844

(1,708)

Accrued interest

(316)

(9,565)

Other non-current assets and liabilities

(1,033)

(728)

Net cash provided by operating activities

79,740

52,818

Investing activities:

Purchases of property and equipment

(9,254)

(14,006)

Acquisition of intangible assets—capitalized software

(9,640)

(4,711)

Proceeds from FCC Reimbursement Program for property, equipment and intangibles

1,215

3

Proceeds from interest rate caps

19,454

20,165

Redemptions of short-term investments

—

49,524

Purchases of short-term investments

—

(49,383)

Purchases of convertible note and equity investments

(5,000)

(5,000)

Net cash used in investing activities

(3,225)

(3,408)

Financing activities:

Payments on term loan

(5,438)

(105,438)

Repurchases of common stock

(30,763)

—

Payments on financing leases

(8)

(117)

Stock-based compensation activity

(2,693)

(8,326)

Net cash used in financing activities

(38,902)

(113,881)

Effect of exchange rate changes on cash

29

78

Increase (decrease) in cash, cash equivalents and restricted cash

37,642

(64,393)

Cash, cash equivalents and restricted cash at beginning of period

139,366

150,880

Cash, cash equivalents and restricted cash at end of period

$

177,008

$

86,487

Cash, cash equivalents and restricted cash at end of period

$

177,008

$

86,487

Less: non-current restricted cash

330

330

Cash and cash equivalents at end of period

$

176,678

$

86,157

Supplemental cash flow information:

Cash paid for interest

$

42,893

$

53,911

Cash paid for taxes

2,264

429

Non-cash investing activities:

Purchases of property and equipment in current liabilities

$

5,658

$

5,425

 

Gogo Inc. and Subsidiaries
Supplemental Information – Key Operating Metrics

For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

2024

2023

2024

2023

Aircraft online (at period end)

ATG AVANCE

4,379

3,784

4,379

3,784

Gogo Biz

2,637

3,366

2,637

3,366

Total ATG

7,016

7,150

7,016

7,150

Narrowband satellite

4,180

4,395

4,180

4,395

Average monthly connectivity service revenue per aircraft online

ATG

$

3,497

$

3,373

$

3,474

$

3,378

Narrowband satellite

332

294

319

297

Units sold

ATG

214

192

703

692

Narrowband satellite

39

40

132

132

Average equipment revenue per unit sold (in thousands)

ATG

$

75

$

77

$

75

$

73

Narrowband satellite

46

39

43

48

ATG AVANCE aircraft online. We define ATG AVANCE aircraft online as the total number of business aircraft equipped with our AVANCE L5 or L3 system for which we provide ATG services as of the last day of each period presented.Gogo Biz aircraft online. We define Gogo Biz aircraft online as the total number of business aircraft not equipped with our AVANCE L5 or L3 system for which we provide ATG services as of the last day of each period presented. This number excludes commercial aircraft operated by Intelsat’s airline customers receiving ATG service.Narrowband satellite aircraft online. We define narrowband satellite aircraft online as the total number of business aircraft for which we provide narrowband satellite services as of the last day of each period presented.Average monthly connectivity service revenue per ATG aircraft online (“ARPU”). We define ARPU as the aggregate ATG connectivity service revenue for the period divided by the number of months in the period, divided by the number of ATG aircraft online during the period (expressed as an average of the month end figures for each month in such period). Revenue share earned from the ATG Network Sharing Agreement with Intelsat is excluded from this calculation.Average monthly connectivity service revenue per narrowband satellite aircraft online. We define average monthly connectivity service revenue per narrowband satellite aircraft online as the aggregate narrowband satellite connectivity service revenue for the period divided by the number of months in the period, divided by the number of narrowband satellite aircraft online during the period (expressed as an average of the month end figures for each month in such period).Units sold. We define units sold as the number of ATG or narrowband satellite units for which we recognized revenue during the period.Average equipment revenue per ATG unit sold. We define average equipment revenue per ATG unit sold as the aggregate equipment revenue from all ATG units sold during the period, divided by the number of ATG units sold.Average equipment revenue per narrowband satellite unit sold. We define average equipment revenue per narrowband satellite unit sold as the aggregate equipment revenue earned from all narrowband satellite units sold during the period, divided by the number of narrowband satellite units sold.

 

Gogo Inc. and Subsidiaries
Supplemental Information – Revenue and Cost of Revenue
(in thousands, unaudited)

For the Three Months
Ended September 30,

% Change

For the Nine Months
Ended September 30,

% Change

2024

2023

2024 over
2023

2024

2023

2024 over
2023

Service revenue

$

81,857

$

79,546

2.9

%

$

245,459

$

237,107

3.5

%

Equipment revenue

18,672

18,403

1.5

%

61,451

62,660

(1.9)

%

Total revenue

$

100,529

$

97,949

2.6

%

$

306,910

$

299,767

2.4

%

For the Three Months
Ended September 30,

% Change

For the Nine Months
Ended September 30,

% Change

2024

2023

2024 over
2023

2024

2023

2024 over
2023

Cost of service revenue (1)

$

19,051

$

18,116

5.2

%

$

55,793

$

51,732

7.9

%

Cost of equipment revenue (1)

$

15,165

$

12,320

23.1

%

$

47,383

$

47,983

(1.3)

%

(1)  Excludes depreciation and amortization expense.

 

Gogo Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
(in thousands, unaudited)

For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

For the Three
Months Ended
June 30,

2024

2023

2024

2023

2024

Adjusted EBITDA:

Net income attributable to common stock (GAAP)

$

10,630

$

20,913

$

41,959

$

131,211

$

839

Interest expense

9,670

8,025

26,193

24,807

8,113

Interest income

(2,419)

(1,622)

(6,587)

(5,509)

(2,120)

Income tax provision (benefit)

1,522

6,728

12,575

(52,711)

132

Depreciation and amortization

4,015

4,692

11,743

12,022

3,887

EBITDA

23,418

38,736

85,883

109,820

10,851

Stock-based compensation expense

5,030

5,235

14,755

15,729

4,885

Acquisition-related costs

6,654

—

6,654

—

—

Loss on extinguishment of debt

—

—

—

2,224

—

Change in fair value of convertible note and equity investments

(323)

(773)

1,239

(773)

14,694

Adjusted EBITDA

$

34,779

$

43,198

$

108,531

$

127,000

$

30,430

Free Cash Flow:

Net cash provided by operating activities (GAAP) (1)

$

25,134

$

18,677

$

79,740

$

52,818

$

24,949

Consolidated capital expenditures (1)

(8,196)

(5,355)

(18,894)

(18,717)

(6,527)

Proceeds from FCC Reimbursement Program for property,
equipment and intangibles (1)

1,120

3

1,215

3

67

Proceeds from interest rate caps (1)

6,536

7,676

19,454

20,165

6,379

Free cash flow

$

24,594

$

21,001

$

81,515

$

54,269

$

24,868

(1)  See Unaudited Condensed Consolidated Statements of Cash Flows

 

Gogo Inc. and Subsidiaries
Reconciliation of Estimated Full-Year GAAP Net Cash
Provided by Operating Activities to Non-GAAP Measures
(in millions, unaudited)

FY 2024 Range

Low

High

Free Cash Flow:

Net cash provided by operating activities (GAAP)

$

59

$

67

Consolidated capital expenditures

(30)

(30)

Proceeds from FCC Reimbursement Program for
property, equipment and intangibles

3

5

Proceeds from interest rate caps

23

23

Free cash flow

$

55

$

65

Definition of Non-GAAP Measures

EBITDA represents net income attributable to common stock before interest expense, interest income, income taxes and depreciation and amortization expense.

Adjusted EBITDA represents EBITDA adjusted for (i) stock-based compensation expense, (ii) acquisition-related costs, (iii) change in fair value of convertible note and equity investment and (iv) loss on extinguishment of debt. Our management believes that the use of Adjusted EBITDA eliminates items that management believes have less bearing on our operating performance, thereby highlighting trends in our core business which may not otherwise be apparent. It also provides an assessment of controllable expenses, which are indicators management uses to determine whether current spending decisions need to be adjusted in order to meet financial goals and achieve optimal financial performance.

We believe that the exclusion of stock-based compensation expense from Adjusted EBITDA provides a clearer view of the operating performance of our business and is appropriate given that grants made at a certain price and point in time do not necessarily reflect how our business is performing at any particular time. While we believe that investors should have information about any dilutive effect of outstanding options and the cost of that compensation, we also believe that stockholders should have the ability to consider our performance using a non-GAAP financial measure that excludes these costs and that management uses to evaluate our business.

Acquisition-related costs include direct transaction costs, such as due diligence and advisory fees. We believe it is useful for an understanding of our operating performance to exclude acquisition-related costs from Adjusted EBITDA because they are infrequent and do not reflect our operating performance.

We believe it is useful for an understanding of our operating performance to exclude from Adjusted EBITDA the changes in fair value of convertible note and an equity investment because this activity is not related to our operating performance.

We believe it is useful for an understanding of our operating performance to exclude the loss on extinguishment of debt from Adjusted EBITDA because of the infrequently occurring nature of this activity.

We also present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides investors, securities analysts and other users of our consolidated financial statements with important supplemental information with which to evaluate our performance and to enable them to assess our performance on the same basis as management.

Adjusted EBITDA Margin represents Adjusted EBITDA divided by total revenue. We present Adjusted EBITDA Margin as a supplemental performance measure because we believe that it provides meaningful information regarding our operating efficiency.

Free Cash Flow represents net cash provided by operating activities, plus the proceeds received from the FCC Reimbursement Program and the interest rate caps, less purchases of property and equipment and the acquisition of intangible assets. We believe that Free Cash Flow provides meaningful information regarding our liquidity. Management believes that Free Cash Flow is useful for investors because it provides them with an important perspective on the cash available for strategic measures, after making necessary capital investments in property and equipment to support the Company’s ongoing business operations and provides them with the same measures that management uses as the basis of making capital allocation decisions.

Investor Relations Contact:

Media Relations Contact:

Will Davis

Dave Mellin

+1 917-519-6994

+1 303-301-3606

wdavis@gogoair.com

dmellin@gogoair.com

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Technology

The Rise of Thermostatic Mixers Market: A $5.79 Billion Industry Dominated by Tech Giants – Hansgrohe SE, LIXIL Corp and TOTO Ltd. | The Insight Partners

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November 5, 2024

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The global thermostatic mixers market is set for explosive growth, with projections indicating a surge to $5.79 billion by 2031. This remarkable expansion, driven by the increasing focus on water and energy conservation.

NEW YORK, Nov. 5, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global Thermostatic Mixers market is observing significant growth owing to the increasing investments in the construction sector and rising residential and commercial infrastructure.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/thermostatic-mixers-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Thermostatic Mixers market comprises a vast array of wall and deck mount which are expected to register strength during the coming years.

For More Information and To Stay Updated on The Latest Developments in The Thermostatic Mixers Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00039266/

Market Overview and Growth Trajectory:

Thermostatic Mixers Market Growth: According to an exhaustive report by The Insight Partners, the Thermostatic Mixers Market is experiencing significant growth, driven by the growing proliferation of thermostatic mixers in hotels, resorts, spa centers, hospitals, and care centers. The market, valued at $4.01 billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% during 2023–2031.

The global Thermostatic Mixers market is observing substantial growth and is expected to maintain its upward trajectory in the foreseeable future. This growth can be accredited to numerous factors. Firstly, there is a rising growing demand for water and energy consumption. The awareness about water and energy conservation is growing owing to the future need for water as well as limited clean water availability across the globe. The rise in government initiatives toward the use of water-efficient and water-conservation products is fueling the demand for thermostatic mixers. Furthermore, the increasing importance of temperature control for safety. Unsafe water temperature is the major cause of injuries caused while taking a bath or shower across the globe. To control the water temperature as desired, there is an increased installation of thermostatic mixers, which ensure the precise water temperature and regulate the flow. Thus, the rising importance of temperature control for safety boosts the thermostatic mixer market growth.

Technological Innovations: In the ever-evolving landscape of bathroom faucets, thermostatic mixers are becoming increasingly popular due to their precision in maintaining water temperature, energy efficiency, and improved safety features. Thermostatic mixer manufacturers are engaged in the development of advanced thermostatic shower mixers to further strengthen their product portfolio and maintain the company’s position in the market worldwide. For instance, in April 2024, Jaquar Group innovated and launched a hybrid touch thermostatic mixer shower—Jaquar Qloud. This new product offers precise water temperature regulation, water flow, and shower mode selection integrated with analog and digital control systems. In addition, in February 2022, Gainsborough Showers launched a new range of mixer showers, including three premium models integrated with thermostatic temperature control Cool Touch technology for safety in showering applications. Thus, the launch of hybrid touch and premium thermostatic mixers is expected to create lucrative opportunities for the key companies operating in the thermostatic mixer market from 2023 to 2031.

Stay Updated on The Latest Thermostatic Mixers Market Trends: https://www.theinsightpartners.com/sample/TIPRE00039266/

Growing popularity of luxury products and home renovation projects: In smart bathrooms of various residential and commercial settings, consumers prefer products from luxury brands of products such as. This is expected to raise the demand for thermostatic mixers to regulate temperature and water flow from showers and taps precisely. In addition, many consumers are looking for brands that offer thermostatic mixers for showers with rainfall or waterfall-like designs. Some of the advanced thermostatic mixer shower examples include SH-42202 thermostatic bathroom shower mixer by LEELONGS, BubbleSpa Exposed Mixer Shower System by Kelda Showers Limited, Mira Opti-floPro by Kohler Mira Ltd among others. Moreover, spending on home improvement or renovation projects in the US increased from US$ 363 in 2020 to US$ 472 billion in 2022. It is also expected that consumer spending on home improvements, renovations, and repairs is anticipated to reach US$ 485 billion by the end of 2024, as per the study by the Joint Center for Housing Centers of Harvard University (JCHS). Thus, the growing popularity of luxury products and home renovation projects is expected to be the key trend in the thermostatic mixers market from 2023 to 2031.

Geographical Insights: In 2023, Europe led the market with a substantial revenue share, followed by North America and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Thermostatic Mixers Market Segmentation, Applications, Geographical Insights:

Based on mounting type, the market is divided into deck mount, wall mount. The wall mount segment held the largest share of the Thermostatic Mixers market in 2023.Based on application, the market is bifurcated into residential and commercial. The commercial segment held the largest share of the Thermostatic Mixers market in 2023.Based on design type, the market is categorized into concealed and exposed. The concealed segment held the largest share of the Thermostatic Mixers market in 2023.The Thermostatic Mixers market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

Purchase Premium Copy of Global Thermostatic Mixers Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00039266/

Key Players and Competitive Landscape:

The Thermostatic Mixers Market is characterized by the presence of several major players, including:

Hansgrohe SELIXIL CorpTOTO Ltd.ROCA GroupAquantFIMA CARLO FRATTINI S.P.A.Geberit AGHindware Home Innovation Ltd.Jaquar GroupKohler Co.

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Thermostatic Mixers Market Recent Developments and Innovations:

“Kohler opened manufacturing facility in Casa Grande.””Kohler Co. launched a warehouse in Huntsville, Alabama, to support growing customer demand for its high-volume STERLING Vikrell bath and shower fixtures.””AXOR and PHOENIX collaborated to introduce AXOR ShowerSelect ID.””Roca Group acquired Nosag and IneoCare. Both companies are dedicated to the production of bathroom and toilet assist devices.”

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00039266/

Thermostatic Mixers Market Drivers, Challenges, Future Outlook and Opportunities:

The average water temperature that creates pain sensations is 106°C, making it essential to maintain the temperature of water in bathing and shower applications. In the US, there are between 3,000 and 4,000 cases of water-related scalds, with a ~30% death rate for people aged above 60, as per the data from the US EPA. Further, the rise in accidents or injuries owing to the variation in water temperature through water sources in bathing or washing applications in residential and commercial premises has increased the importance of water temperature control for safety. According to the Americans with Disabilities Act, every water source in the bathing area must have anti-scald protection. This means that the bathtub and shower must be protected from hot water entering the bathing environment.

The initial cost of the thermostatic mixer is high as compared to the conventional or standard water mixer owing to advanced technologies and additional features integrated into thermostatic mixers. The maintenance and repair cost of a thermostatic mixer is also high as it requires complex procedures for regular maintenance and repair. Moreover, owing to various technical or product standards in several countries worldwide is a key challenge for manufacturers to manufacture thermostatic mixers and related components such as showers, valves, taps, etc. For example, the ASSE 1070 standard by the American Society of Sanitary Engineering and BS EN 1111:2017 by European Standards, among others. Furthermore, considering market-specific regulatory and legal factors, manufacturers must follow safety standards and certifications to ensure the safety and quality of their products. This includes compliance with water safety regulations, building codes, and environmental standards. Therefore, the high installation and maintenance costs and stringent environmental regulations & safety standards hampers the thermostatic mixer market growth.

For In-Depth Market Forecasts and Analysis, Request PDF Brochure: https://www.theinsightpartners.com/sample/TIPRE00039266/

The wall-mounted thermostatic mixer is another mounting type installation that offers safety and maximum comfort to residential and commercial washrooms. The wall-mounted thermostatic mixer offers thermostatic temperature control in the bathtub filling and shower applications. The wall-mounted thermostatic mixer offers benefits such as a unique aesthetic and space-saving design, easy maintenance, etc. A thermostatic mixer helps maintain the water supply in the event of pressure fluctuations while ensuring constant temperature. Thus, the benefits associated with wall mount thermostatic mixers, along with a rise in residential construction activities across developing economies, are expected to bolster the market growth in the coming years. 

Conclusion:

Intervention of smart technology in sanitaryware and bathroom fixtures is currently positively influencing the application of thermostatic mixer. The Thermostatic Mixers Market is witnessing a period of strong growth and development across various nations, such as the UK, Germany, France, the US, and Canada owing to increasing consumer inclination towards advanced bathware products. The growing consumer preference for premium products and high social lifestyle is boosting the application of thermostatic mixers at the global level. The introduction of technologically advanced thermostatic mixers, such as hybrid thermostatic mixers and high-end sensor-equipped thermostatic mixers, the proliferation of luxury products, and the emphasis on home renovation are positively impacting the market growth.

Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: https://www.theinsightpartners.com/inquiry/TIPRE00039266/

With projected growth to $5.79 billion by 2031, the Thermostatic Mixers Market represents a significant opportunity for component providers, system technology integrators, investors, system manufacturers, and industry stakeholders. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Smart Bathroom Market Size and Forecasts (2021 – 2031)Temperature Control Unit Market Size and Forecasts (2021 – 2031)Thermostatic Radiator Valves Market Size and Forecasts (2021 – 2031)Planetary Mixers Market Size and Forecasts (2021 – 2031)Faucet Market Size and Forecasts (2021 – 2031)Smart Toilet Market Analysis and Forecast by Size, Share, Growth, Trends 2031Smart Water Metering Market Size and Growth 2031

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Ankit Mathur
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Technology

High Performance Data Analytics Market to Reach USD 158.4 Billion by 2031, Driven by Big Data and AI Advancements: – Market Research Intellect

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6 mins ago

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November 5, 2024

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The High Performance Data Analytics Market is being driven by the increasing need for real-time data processing across industries such as healthcare, finance, and manufacturing. The rapid adoption of big data, artificial intelligence (AI), and cloud computing technologies is enabling organizations to analyze vast amounts of data efficiently. As businesses seek to enhance decision-making processes and gain competitive advantages through advanced analytics, the demand for HPDA solutions is growing, particularly for predictive analytics, simulations, and complex computational tasks.

 LEWES, Del., Nov. 5, 2024 /PRNewswire/ — The global High Performance Data Analytics market is expected to grow from approximately USD 79.2 billion in 2024 to USD 158.4 billion by 2031, at a compound annual growth rate (CAGR) of around 10.5%. This growth is fueled by the increasing adoption of big data, AI, and cloud computing technologies across industries that require real-time data processing and advanced analytics capabilities.

Download PDF Brochure: https://www.marketresearchintellect.com/download-sample/?rid=1053483

202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

IBM, Microsoft, Intel, Oracle, Hewlett-Packard (HP), SAS Institute, Teradata, Amazon Web Services (AWS), Google Cloud, and Dell Technologies. Other notable mentions are Cloudera, Tableau, Snowflake, and Alteryx.

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

High Performance Data Analytics Market Overview

Market Definition and Scope
The High Performance Data Analytics  Market encompasses advanced analytics solutions designed to process large datasets at high speeds using technologies like big data, AI, and machine learning. HPDA combines supercomputing with data analytics to provide deep insights, enabling complex problem-solving, predictive modeling, and real-time decision-making. As organizations across various sectors such as finance, healthcare, and manufacturing generate massive amounts of data, the demand for high-performance systems that can handle large-scale data efficiently continues to grow. This market is critical for sectors requiring fast data interpretation and actionable insights.Key Drivers
The rapid growth of big data, the increasing reliance on AI and machine learning, and the rise of cloud computing are major drivers of the HPDA market. Organizations are dealing with unprecedented amounts of data, and traditional data analytics tools struggle to handle this volume at the necessary speed. HPDA offers faster, more efficient data processing, enabling businesses to make informed decisions in real-time. Additionally, the demand for predictive analytics, personalized customer experiences, and advanced simulations is propelling the adoption of HPDA solutions.Challenges in the HPDA Market
While the HPDA market offers significant opportunities, several challenges exist, including the high cost of implementation and the need for specialized expertise. The infrastructure required for high-performance computing (HPC) and data analytics can be expensive, limiting adoption for small and medium-sized enterprises (SMEs). Additionally, a shortage of skilled professionals in data science and analytics is a bottleneck. Integration issues, security concerns, and the complexity of managing large data systems also pose hurdles for organizations looking to adopt HPDA technologies.HPDA Applications in Key Industries
HPDA has diverse applications across industries, including finance, healthcare, and manufacturing. In finance, HPDA is used for risk management, fraud detection, and high-frequency trading. In healthcare, it supports personalized medicine, genomics research, and real-time patient monitoring. Manufacturing benefits from HPDA through predictive maintenance, quality control, and supply chain optimization. Other sectors like retail, energy, and government are also adopting HPDA solutions to gain operational efficiencies, improve decision-making, and enhance customer experiences, driving market growth across various verticals.

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Technological Advancements and Innovation
The HPDA market is benefiting from rapid technological advancements, particularly in AI, machine learning, and cloud computing. Cloud-based HPDA solutions are gaining traction, as they offer scalability, flexibility, and cost-efficiency. AI-driven data analytics tools are also advancing, enabling more accurate predictions and faster processing times. Additionally, the integration of quantum computing and edge computing with HPDA systems is expected to further enhance performance, driving the market forward by enabling more complex data analyses and reducing latency.Regional Market Insights
North America is currently the largest market for HPDA, driven by the presence of major technology companies and the widespread adoption of advanced data analytics solutions in industries such as healthcare and finance. Europe follows, with growing investments in AI and HPC infrastructure. The Asia-Pacific region is expected to see the fastest growth due to the increasing adoption of big data technologies, digital transformation initiatives, and government support for AI-driven innovations. Countries like China, Japan, and India are emerging as key players in the HPDA market.Competitive Landscape
The HPDA market is highly competitive, with major players including IBM, Microsoft, Intel, Oracle, and Hewlett-Packard (HP) leading the space. These companies are investing heavily in R&D to develop cutting-edge HPDA solutions, often integrating AI and machine learning for enhanced capabilities. Startups are also entering the market with innovative products, driving competition. Strategic partnerships, mergers, and acquisitions are common as companies seek to expand their offerings and improve their market position in this fast-growing field.Future Outlook and Growth Opportunities
The HPDA market is poised for substantial growth, with an increasing number of industries adopting advanced analytics to manage and process their data. The integration of AI, machine learning, and cloud computing will continue to play a key role in shaping the market. Emerging trends such as quantum computing and edge analytics are expected to provide new growth avenues, allowing even faster and more complex data processing. As digital transformation accelerates across industries, the demand for HPDA solutions is likely to expand significantly through 2031.

Geographic Dominance:

North America leads the High Performance Data Analytics (HPDA) market, driven by the widespread adoption of advanced analytics technologies across industries such as finance, healthcare, and IT. The region’s dominance is fueled by the presence of tech giants like IBM, Microsoft, and Intel, which are heavily investing in research and development to enhance HPDA solutions. The U.S., in particular, plays a crucial role due to its early adoption of big data technologies, artificial intelligence (AI), and machine learning. Europe is another key player, with a strong focus on AI and high-performance computing (HPC) infrastructure. The European Union’s digital transformation initiatives and investments in AI-driven technologies are contributing to the market’s growth. Countries such as Germany, the UK, and France are at the forefront of this trend. The Asia-Pacific region, however, is expected to experience the fastest growth. Countries like China, Japan, and India are rapidly adopting HPDA technologies, supported by government initiatives, growing digitalization, and increased demand for real-time data processing in key industries.

High Performance Data Analytics Market Key Players Shaping the Future

Key players shaping the future of the High Performance Data Analytics market include IBM, Microsoft, Intel, Oracle, Hewlett-Packard (HP), SAS Institute, Teradata, Amazon Web Services (AWS), Google Cloud, and Dell Technologies. Other notable mentions are Cloudera, Tableau, Snowflake, and Alteryx.

High Performance Data Analytics Market Segment Analysis

The High Performance Data Analytics market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

By Type
The High Performance Data Analytics market is segmented by type into several categories, including:

Software: This includes data analytics platforms and tools designed for high-speed processing and analysis.Hardware: Comprising high-performance computing systems and servers that facilitate the processing of large datasets.Services: Encompassing consulting, integration, and support services related to HPDA solutions.

By Application
The market is categorized by application, focusing on areas where HPDA is utilized, such as:

Finance: Used for risk assessment, fraud detection, and algorithmic trading.Healthcare: Applied in genomics research, patient care analytics, and real-time monitoring.Manufacturing: Supports predictive maintenance, quality control, and operational efficiency.Retail: Enhances customer experience, inventory management, and sales forecasting.Telecommunications: Used for network optimization, customer churn prediction, and fraud detection.

By Geography
The High Performance Data Analytics market is analyzed across various geographic regions, including:

North America: Dominated by the U.S. and Canada, with a strong focus on technology adoption.Europe: Key players in the UK, Germany, and France are driving growth through investments in AI and big data.Asia-Pacific: Fastest-growing region, particularly in countries like China, Japan, and India, with increasing digital transformation initiatives.Latin America: Emerging market with growing interest in HPDA for enhancing business operations.Middle East and Africa: Increasing adoption of data analytics solutions, driven by investments in technology and infrastructure development.

 Internet, Communication, and Technology:

The High Performance Data Analytics  Market within the Internet, Communication, and Technology (ICT) sector is experiencing significant growth, driven by the increasing demand for data-driven insights and real-time analytics. As organizations across various industries generate vast amounts of data, the need for advanced analytics solutions capable of processing this information efficiently becomes crucial. HPDA technologies leverage cutting-edge infrastructure, including cloud computing, artificial intelligence, and machine learning, enabling businesses to analyze complex datasets quickly and accurately. In the ICT sector, HPDA plays a vital role in optimizing network performance, enhancing customer experiences, and enabling smart decision-making. The rise of the Internet of Things (IoT) and the expansion of 5G technology further propel the demand for HPDA solutions, as they facilitate the processing of data generated from connected devices. As digital transformation accelerates, the HPDA market in the ICT domain is poised for substantial growth, offering opportunities for innovation and competitive advantage.

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Technology

STARMUS and The Canary Islands Unveil STARMUS La Palma Line-Up at World Travel Market in London

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November 5, 2024

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Jane Goodall, Brian May, Nobel Laureates, astronauts, and many world-class eminences gather for an extraordinary edition on La Palma Island from April 25 to April 29STARMUS La Palma will be an unparalleled platform for raising awareness on the protection of the sky, fostering a unique debate on the current threats and challenges like space debris and sky pollutionNobel Laureate Steven Chu and Astronaut Chris Hadfield to join STARMUS Advisory Board

LONDON, Nov. 5, 2024 /PRNewswire/ — Today, at the World Travel Market in London, STARMUS and The Canary Islands proudly revealed the line-up for the highly anticipated STARMUS La Palma festival. The announcement was made during a special presentation led by STARMUS co-founder and Director, Prof. Garik Israelian, alongside Sergio Rodríguez, President of the Cabildo de La Palma.

Scheduled from April 25 to April 29, 2025, on La Palma Island, this edition of STARMUS, titled “The Island of Stars,” will focus on the critical issue of protecting the skies from pollution and space debris. The festival will align with the ‘Starlight Declaration or La Palma Declaration’ in Defense of the Night Sky and the Right to Starlight, promoting awareness and action on these pressing challenges.

The festival will feature an extraordinary gathering of luminaries, including renowned ethologist, Founder of the Jane Goodall Institute and UN Messenger of Peace, Jane Goodall, legendary musician and STARMUS co-founder Brian May, eight Nobel Laureates, and world-renowned astronauts. Notable speakers include Nobel Laureates Kip Thorne, Michel Mayor, Steven Chu, and Donna Strickland; astronauts Chris Hadfield, Terry Virts, Anousheh Ansari or ESA reserve astronaut Sara García; popular scientists and communicators like Jim Bell and Javier Santaolalla, also collaborator of Starmus; the renowned Mexican physicist Miguel Alcubierre; the greatest assembly of Spanish scientific luminaries such as Juan Luis Arsuaga, Rafel Yuste, Carlos Briones, Juan Ignacio Cirac, Jesús Martín-Fernández, Xavier Barcons, the leading representatives of the IAC, Valentín Martínez and Eva Villaver.

STARMUS La Palma will offer a multidisciplinary scientific program with keynote lectures, panel discussions, and a variety of scientific shows. Highlights include two STARMUS Camps in Santa Cruz de La Palma and Los Llanos de Aridane, two main concerts in Santa Cruz and Puerto de Tazacorte (April 25 and April 26), and a four-day program of lectures and discussions. The festival aims to support the recovery of La Palma following the 2021 volcanic eruption.

In addition to the impressive line-up, STARMUS announced the addition of Nobel Laureate Steven Chu and astronaut Chris Hadfield to its Advisory Board. Chu, a physicist and former U.S. Secretary of Energy, and Hadfield, Canadian astronaut celebrated for his command of the International Space Station, will join Starmus esteemed group of scientific and musical luminaries.

This edition of STARMUS will be open and free to the public, with only keynote lectures requiring accreditation due to limited venue capacity. The full program and music line-up will be unveiled in January 2025, promising a spectacular array of performances and events.

Starmus will transform La Palma into a global hub for science and innovation, showcasing the island’s unique blend of natural beauty and scientific excellence.

For more information and pre-registration, visit www.starmus.com and Starmus social media networks.

Media Contact:

Brezo Rodríguez
+34 678255196
brezo@starmus.com/press@starmus.com

 

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