On May 12, Gogo Inc (NASDAQ:GOGO) announced its financial results for the quarter ended March 31, 2014. The company reported record first quarter revenue of $95.7 million, up 35% year-over-year. Adjusted EBITDA for Q1 2014 was $5.3 million, up 87% from $2.9 million in Q1 2013, driven by strong performance by our CA-NA and BA segments that were partially offset by an increased segment loss in our CA-ROW segment as we continued to invest in our international expansion. Net loss attributable to common stock for Q1 2014 was $16.9 million, or $0.20 per share, compared to net loss attributable to common stock of $32.5 million, or $4.77 per share, in Q1 2013. Gogo Inc (NASDAQ:GOGO) net profit margin is -54.40% and weekly performance is 5.84%. On last trading day company shares ended up $13.42. Analysts mean target price for the company is $23.00. Gogo Inc (NASDAQ:GOGO) distance from 50-day simple moving average (SMA50) is -29.74%.
Straight Path Communications Inc (NYSEMKT:STRP) plans to support the research it hopes will lead to the next generation of wireless technology. Straight Path is the tenth company to join Wireless, which includes more than 20 faculty and 100 graduate students who focus on research and teaching in the fields of wireless communications systems, signals, and antennas at the millimeter wave frequency bands. Straight Path Communications Inc (NYSEMKT:STRP) shares advanced 11.68% in last trading session and ended the day on $8.99 . Gross Margin is 10.00% and its return on assets is -20.20%. Straight Path Communications Inc (NYSEMKT:STRP) quarterly performance is 18.13%.
GTT Communications, Inc. (NYSE:GTT) said that for the first quarter ended March 31, 2014, revenue increased 80 percent to USD47.5m as compared to USD26.4m in the first quarter of 2013. Gross margin increased 380 basis points to 37.0 percent compared to 33.2 percent in the first quarter of 2013. Adjusted earnings before interest taxes depreciation and amortization increased by 132 percent to USD8.4m compared to USD3.6m in the first quarter of 2013. GTT Communications Inc (NYSEMKT:GTT) shares moved down -2.42% in last trading session and was closed at $9.27 , while trading in range of $8.80 – $9.69. GTT Communications Inc (NYSEMKT:GTT) year to date (YTD) performance is 26.99 %.
Glowpoint, Inc. (NYSEMKT:GLOW), a leading provider of video collaboration services and network solutions, will present at the 15th Annual B. Riley & Co. Annual Investor Conference, Monday, May 19, 2014 at Loews Santa Monica Beach Hotel. Management will provide a company overview and update at 11:30 a.m. PT on Monday, May 19th. The presentation will be available on the company website and broadcast live via webcast. Participants may access the webcast link at http://glowpoint.com/investor-relations. Glowpoint, Inc. (NYSEMKT:GLOW) ended the last trading day at $1.54 . Company weekly volatility is calculated as 5.29% and price to cash ratio as 24.83. Glowpoint, Inc. (NYSEMKT:GLOW) showed a negative weekly performance of -10.47%.