Opinions
Peter Imhof
Flyht Aerospace Solutions
FLY-X
DON'T BUY
Jun 13, 2018
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 company makes black boxes for the airlines. They have been around for a while, but the stock has not done well as trials with airlines have not been successful. He has held off buying until they get more traction with sales. They are too small to get into the big airlines.