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Flyht Aerospace SolutionsFLY.VSTRONG BUYApr 07, 2015Stock 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.
Tomorrow there will have be more news about the company. A fantastic company, and from his point of view the best investment opportunity in the whole aerospace area. It has been beaten up simply because there has been no news in the last 2-3 months. They do business for some very big companies, and a lot of these companies don’t like small companies to press release news. This year he expects it to start making money.