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.
He has followed them for some time now. They have the ability to connect to a satellite network for locating aircraft. They also have modules to aid in fuel efficiencies. They have worked with Boeing and others that has been tested for over 1 million flight hours. WestJet is to become a customer.
Flyht Aerospace Solutions is a Canadian stock, trading under the symbol FLY-X on the TSX Venture Exchange (FLY-CV). It is usually referred to as TSXV:FLY or FLY-X
In the last year, 2 stock analysts published opinions about FLY-X. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Flyht Aerospace Solutions.
Flyht Aerospace Solutions was recommended as a Top Pick by on . Read the latest stock experts ratings for Flyht Aerospace Solutions.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Flyht Aerospace Solutions In the last year. It is a trending stock that is worth watching.
On 2023-05-31, Flyht Aerospace Solutions (FLY-X) stock closed at a price of $0.92.
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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