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FLYHT Aerospace Solutions Ltd. (FLYLF) is a leading provider of aviation safety, efficiency, and profitability solutions for airlines. The company offers patented aircraft certified hardware products, including AFIRS™, an aircraft satcom/interface device for cockpit voice communications and real-time aircraft data analysis. FLYHT's innovative technology supports voice and data communications on Airbus aircraft worldwide through the Iridium® satellite network. With a focus on delivering actionable intelligence, the company helps airlines transform operational insight into immediate, quantifiable action, enhancing safety and performance.
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FLYHT Aerospace Solutions reported financial results for Q4 and full year 2023, with revenue of $20.1 million driven by record SaaS revenue of $10.7 million. The company is focusing on 5G aviation solutions and weather businesses for growth in 2024.
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FLYHT Aerospace Solutions announced a conference call to discuss its Q4 and full year 2023 results. The call will feature the company's President & Interim CEO and CFO. Investors can participate via phone or email, with an archive available on the company's website.
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FLYHT Aerospace Solutions announces a new engineering and design contract with its long-term OEM partner for technology refresh, reinforcing the successful AFIRS 228S line fit program with Airbus. The $360,000 USD contract aims to extend the program's longevity, showcasing confidence in FLYHT's product quality and revenue stream.
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FLYHT Aerospace Solutions Ltd. will participate in the iAccess Alpha 'Buyside Best Ideas Spring Conference 2024' with a live presentation by the President and CFO. The event will be held virtually on March 12-13, 2024, offering shareholders valuable insights and networking opportunities.
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FLYHT Aerospace Solutions Ltd. receives Supplemental Type Certificate from Transport Canada for the flange version of AFIRS EdgeTM, a 5G wireless data communication device for Airbus A320 aircraft. The STC enables FLYHT to ship units to Canadian A320 customers and expand globally. President Kent Jacobs highlights the significance of this achievement for FLYHT and the aviation industry, emphasizing the Edge's advanced technology and value proposition.
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FLYHT Aerospace Solutions Ltd. provided a shareholder update on the commercialization of their 5G aviation and weather intelligence solutions. They are progressing well with STC approvals for their AFIRS Edge device, expanding relationships with manufacturing partners, and advancing weather-related programs with UK Met and NOAA.
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One Stop Systems, Inc. (OSS) and FLYHT Aerospace Solutions Ltd. (FLYLF) have announced a multi-year design and manufacturing collaboration for FLYHT's automated flight information reporting systems (AFIRS) Edge family, including the new AFIRS Edge+. The collaboration will lead to the development of the world's first wireless quick access recorder with 5G mobile wireless for real-time remote access. The expanded relationship ensures that FLYHT has access to OSS's capabilities as it launches the aviation industry's first-to-market 5G-enabled avionics solutions. The engagement is valued at a minimum of US$6 million over the initial five-year term, and OSS expects to begin production and shipments of AFIRS Edge+ in the second quarter of 2024.
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FLYHT Aerospace Solutions Ltd. (FLYHT) (TSXV:FLY)(OTCQX:FLYLF) has signed a multi-year contract renewal with Jordan Aviation PSC (JAV) to provide its fleet of Boeing 767, 737's and Airbus A320's with FLYHT's software solutions. The renewal extends the relationship between FLYHT and JAV that began in 2009 and currently includes a suite of software services. The contract renewal is valued at approximately US$583,000 over the five-year term.
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FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) announced Captain Mary I. McMillan's appointment as Executive Chair, supporting President & Interim CEO Kent Jacobs. McMillan brings extensive aviation industry expertise and international regulatory knowledge, aiming to guide FLYHT's strategy. With over 100 global customers and growing SaaS revenue, FLYHT is poised for growth in the aviation industry.
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FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) reported Q3 2023 financial results, with a 24.2% revenue decrease but significant growth in SaaS, Hardware, and Technical Services. EBITDA loss totaled $430,865, and net loss was $728,655. Cash and short-term investments totaled $1,939,959 at September 30, 2023.
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FAQ
What is the current stock price of FLYHT AEROSPACE SLTNS (FLYLF)?
The current stock price of FLYHT AEROSPACE SLTNS (FLYLF) is $0.236625 as of November 22, 2024.
What is the market cap of FLYHT AEROSPACE SLTNS (FLYLF)?
The market cap of FLYHT AEROSPACE SLTNS (FLYLF) is approximately 9.7M.
What products does FLYHT Aerospace Solutions Ltd. offer?
FLYHT provides patented aircraft certified hardware products, including AFIRS™, an aircraft satcom/interface device for cockpit voice communications and real-time aircraft data analysis.
How does FLYHT support voice and data communications on Airbus aircraft?
FLYHT supports voice and data communications on Airbus aircraft worldwide through the Iridium® satellite network.
What is the focus of FLYHT Aerospace Solutions Ltd.?
FLYHT focuses on providing actionable intelligence to airlines to transform operational insight into immediate, quantifiable action, enhancing safety and performance.
Where is FLYHT Aerospace Solutions Ltd. headquartered?
FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company.
What is the core business of FLYHT Aerospace Solutions Ltd.?
FLYHT's core business is to provide airlines with industry-leading solutions to improve aviation safety, efficiency, and profitability.
How does FLYHT help airlines improve operational insight?
FLYHT helps airlines transform operational insight into immediate, quantifiable action through its suite of innovative products and solutions.
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