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Opinions Alex Ruus
Flyht Aerospace SolutionsFLY.VTOP PICKJun 03, 2015
Alex RuusStock 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
This has not done well in the last year. It had a speculative run up last year after Malaysian Airlines 370 disappeared and people got all excited. If their equipment had been on that flight, we would have known the minute that flight went off its intended course and exactly where the flight went down, and would have had everything recovered. However, this stock is about enhancing efficiency for airlines. They provide a cost savings for airlines that provide better up time for their fleet, better maintenance, reduced fuel consumption and lower insurance rates. Until now, the stock has not made money. Last quarter was their best in history, with $2.5 million in sales. They lost $100,000. They are on the verge of becoming profitable. He has a one-year target of $1.10.