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Flyht Aerospace SolutionsFLY.VCOMMENTMar 10, 2016Stock 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.
Whenever he is looking at charts, he starts off with a weekly chart of 3 years or so, and then works down to the small case. This one had a long downtrend from early 2014, but currently it might be firming up. There is a bit of a lid on the stock right now, but if it breaks that lid, that would be a breakout from a base.