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Flyht Aerospace SolutionsFLY.VCOMMENTNov 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.
This company offers a device to keep track of where an airplane is. The advantage is that their system is based from a satellite and eliminates any dark spots. Planes disappearing wouldn't happen with this system. They hope to have material volume of sales to the L3 Airbus airframe. Also, hoping to get implementation into the Chinese fleet. The beauty of this is that it is a recurring revenue model. The challenge is that the big opportunity is in China, and when you see progress with that it is a fair while before the company is expected to be profitable.