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Opinions Peter Hodson
Flyht Aerospace SolutionsFLY.VWATCHApr 15, 2015
Stock price when the opinion was issued
As of Dec 30, 2024. Market Open.
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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.
Alex Ruus
Robert McWhirter
Good technology. They have a black box that can do real-time monitoring of planes, not just to locate planes when there is trouble, but to make them more efficient. This is a situation where you have a technology that is trying to change an older industry. It is very, very hard to convince airlines to spend $100,000-$150,000 on a product that doesn’t get them any immediate return or any new passengers in the door. A little bit tricky and a challenging market, but he thinks the company has a robust product. When the plane went missing last year, the stock had a huge run up, but now it is back to reality. It is still a struggle, still a hard business and still a small company. Probably a little bit early, but certainly one to watch.