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Flyht Aerospace SolutionsFLY.VHOLDSep 21, 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.
It is symptomatic of the type of market we are in. Early stage small cap companies are not getting recognized unless they are producing cash this quarter. There will be good news over the next 6 months and then it should skyrocket. This is a very difficult business to break into.