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Flyht Aerospace SolutionsFLY.VSTRONG BUYSep 06, 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.
They provide mostly commercial airlines, along with defence, the ability to download all the critical data off all their planes in real time. This results in reliability and cost savings for the airline. This is a really good opportunity. It has been in a kind of bottoming process for the last 6 months, despite the last couple of quarters hitting new record sales, etc. Really, really cheap. Brought in a new high profile CEO in the last year. Have just had their 1st profitable quarter in their history.