Opinions
Alex Ruus
Flyht Aerospace Solutions
FLY-X
BUY
Dec 06, 2013
Stock price when the opinion was issued
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A frustrating stock. Here it's a buy. Super-promising business. Provide streaming of data to the ground, which saves customers money. Major developments in last 6 months that are pushing the company forward. Westjet became their first tier-one customer, so this is the crack in the door.
Profit of 1c per share beat estimates of -1c.
Revenue of $7.2M beat estimates by 11.4%. EBITDA was positive $1.17M vs an expected loss of $305,000. Sales rose 186% so certainly a nice improvement. Margin was 67% up from 49.5%.
Profit was the highest in three years as the airline sector recovered from covid.
All four categories grew in the quarter.
Considering some macro and cost pressures, this was a good quarter.
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A very exciting company. There are huge gaps in communication coverage for planes that are flying globally. This company has enhanced the current black boxes, making them much more robust and installed a continuous communication platform that goes through the satellite systems, giving continuous communication. Stock is starting to act very, very well. Have been working with the Chinese for quite some time. This is becoming a standard in the Chinese industry. In 2014, you will see a real acceleration in their revenues and profitability.