Benzinga | May 6, 2021 07:06AM EDT

Gogo Sees FY21 Adj. EBITDA $115M-$125M

Updated 2021 Financial Guidance

* Total revenue in the range of $310 million to $325 million

* Adjusted EBITDA in the range of $115 million to $125 million, including approximately $12 million of 5G-related expenses and excluding approximately $4 million of non-recurring separation and migration costs related to the sale of the CA division

* Capital expenditures in the range of $25 million to $30 million, with the majority tied to Gogo 5G Free cash flow(1) in the range of $10 million to $20 million, including cash interest payments of approximately $71 million