Opinions
Peter Hodson
Flyht Aerospace Solutions
FLY-X
COMMENT
Aug 03, 2016
Stock price when the opinion was issued
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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.
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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This has flight data recorders that go into airplanes, and it is a hard, hard sale to get airlines to put in a $100,000 product, even though it is going to save them money and is a good product. Probably still a little too early. The growth is nice to see, but the market cap is a little too small to get a lot of attention.