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Flyht Aerospace SolutionsFLY.VSTRONG BUYSep 10, 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.
Owns a lot of this. There is a huge opportunity here. Just turning the corner and should be turning profitable in the next 6 months. They have smart black boxes, so there was a little bit of interest in February after NH370 disappeared. Once commercial airplanes get further than 250 miles off shore, they disappear. This company’s product allows constant monitoring, but more importantly they have a higher ROI product that allows airlines to save money by detecting problems that can be repaired at the next landing.