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Opinions Robert McWhirter
Flyht Aerospace SolutionsFLY.VWATCHDec 29, 2015
Robert McWhirterStock 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
They have a special black box for airplanes. The black box can be used all the time, but has a series of measurements whereas if a plane is in distress, it automatically starts streaming information right away. Also, have a bunch of modules that improve an airplane’s efficiency. This is a recurring revenue model. There is now an OEM installation on Airbus planes, as well as retrofit on existing planes. People are waiting for China, because China has said that all Chinese planes have to be fitted out with the same type of communication capability by the end of 2016. Consider buying if you have a time frame of 2 years, but he would wait for further indications.