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Flyht Aerospace SolutionsFLY.VCOMMENTAug 29, 2014Stock price when the opinion was issued
As of Dec 30, 2024. Market Open.
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 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.
Blackbox for airplanes, which operates on a satellite communication system. They continue getting contracts. The market is expecting progress with regards to the Chinese market whose government have announced that by the end of 2016 all planes must have a similar system in them. Extremely interesting because of the recurring revenue model.